Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hungary - 2023

Contents:

1. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hungary (CIF) - 2023
2. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hungary (FOB) - 2023
3. Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hungary
4. Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hungary

Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hungary (CIF) - 2023

In October 2023, the average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $6,948 per ton, growing by 11% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 17% m-o-m. As a result, import price reached the peak level of $8,231 per ton. From May 2023 to October 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($23,082 per ton), while the price for Serbia ($1,120 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hungary (FOB) - 2023

The average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $42,198 per ton in October 2023, with an increase of 271% against the previous month. In general, the export price continues to indicate a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was the United States ($173K per ton), while the average price for exports to Serbia ($16,708 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hungary

In 2022, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium into Hungary expanded notably to 6.1K tons, surging by 9.5% on the year before. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium expanded rapidly to $40M in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Hungary in 2022:

1. Germany (1817.4 tons)
2. Poland (1054.5 tons)
3. Austria (733.7 tons)
4. Czech Republic (599.6 tons)
5. Italy (510.6 tons)
6. Turkey (236.2 tons)
7. Spain (225.7 tons)
8. Slovenia (214.1 tons)
9. Slovakia (160.7 tons)
10. France (131.7 tons)
11. Netherlands (125.4 tons)
12. Switzerland (27.5 tons)

Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Hungary

In 2022, the amount of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium exported from Hungary fell to 562 tons, reducing by -6% compared with 2021. In general, exports showed a drastic downturn.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium soared to $7.2M in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 21%.

Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Hungary in 2022:

1. Romania (108.7 tons)
2. Slovakia (87.2 tons)
3. Croatia (56.4 tons)
4. Czech Republic (53.3 tons)
5. France (35.7 tons)
6. Austria (34.0 tons)
7. Italy (23.4 tons)
8. Poland (22.8 tons)
9. China (20.3 tons)
10. Ukraine (19.1 tons)
11. Bahrain (15.5 tons)
12. United Kingdom (11.6 tons)
13. Serbia (10.8 tons)

Source: IndexBox Market Intelligence Platform