Price for Polyphenols; Resorcinol and Its Salts in Hungary - 2023

Contents:

1. Price for Polyphenols; Resorcinol and Its Salts in Hungary (CIF) - 2022
2. Price for Polyphenols; Resorcinol and Its Salts in Hungary (FOB) - 2022
3. Imports of Polyphenols; Resorcinol and Its Salts in Hungary
4. Exports of Polyphenols; Resorcinol and Its Salts in Hungary

Price for Polyphenols; Resorcinol and Its Salts in Hungary (CIF) - 2022

The average import price for polyphenols; resorcinol and its saltses stood at $3,366 per ton in 2022, jumping by 17% against the previous year. Over the period under review, the import price, however, faced a drastic downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the maximum at $15,013 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($7,761 per ton), while the price for Belgium ($2,881 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Polyphenols; Resorcinol and Its Salts in Hungary (FOB) - 2022

The average export price for polyphenols; resorcinol and its saltses stood at $55,400 per ton in 2022, approximately equating the previous year. In general, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 111% against the previous year. The export price peaked at $63,583 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($78,333 per ton), while the average price for exports to Mexico ($20,000 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+79.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyphenols; Resorcinol and Its Salts in Hungary

In 2022, the amount of polyphenols; resorcinol and its saltses imported into Hungary stood at 458 tons, approximately reflecting the year before. The total import volume increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, polyphenols; resorcinol and its salts imports surged to $1.5M in 2022. The total import value increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 25%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Polyphenols; Resorcinol and Its Salts to Hungary in 2022:

1. Belgium (404.9 tons)
2. Germany (27.2 tons)
3. Netherlands (22.0 tons)

Exports of Polyphenols; Resorcinol and Its Salts in Hungary

In 2022, overseas shipments of polyphenols; resorcinol and its saltses decreased by -87.3% to 10 kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 3,850% against the previous year. As a result, the exports reached the peak of 79 kg, and then declined remarkably in the following year.

In value terms, polyphenols; resorcinol and its salts exports fell significantly to $554 in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 8,229%. As a result, the exports attained the peak of $4.3K, and then dropped notably in the following year.

Top Export Markets for Polyphenols; Resorcinol and Its Salts from Hungary in 2022:

1. Slovenia (5.0 kg)
2. Serbia (3.0 kg)
3. Czech Republic (1.0 kg)
4. Mexico (1.0 kg)

Source: IndexBox Market Intelligence Platform