Acyclic aldehydes market in Hungary

Earlier Report Observations

Hungary's acyclic aldehydes market volume grew strongly from 146.5 thousand tons in 2018 to 285.9 thousand tons in 2021. This expansion was supported by the commissioning of a new formaldehyde plant by Dynea AS in Kazincbarcika in late 2017, which added significant production capacity to the market.

In value terms, the market reached 54.0 million USD in 2021, recovering from a dip to 43.2 million USD in 2019. Export volumes peaked at 17.0 thousand tons in 2021 before moderating in subsequent years, while imports remained minimal throughout the period.

Underlying demand remained robust, with per capita consumption showing a strong long-term growth trend and overseas purchases increasing by 3.6% in 2024, indicating sustained market activity.

Production acyclic aldehydes in Hungary

In value, 2018-2021, K $ US

In 2021, Hungary's output of acyclic aldehydes was valued at 58 171 thousand US dollars, marking a 5.0% decline compared to 2020. Over the period from 2018 to 2021, production increased by 25.3%, with a compound annual growth rate of 7.8%.

Annual dynamics of production in Hungary in value, 2018-2021, K $ US

In kind, 2018-2021, K t

In 2021, Hungary produced 302.6 thousand tonnes of acyclic aldehydes, representing a 30.6% increase from the previous year. From 2018 to 2021, production grew by 106.2%, with a compound annual growth rate of 27.3%.

Annual dynamics of production in Hungary in kind, 2018-2021, K t

Exports acyclic aldehydes from Hungary

Exports in kind, t

Hungary's cross-border shipments of acyclic aldehydes increased for the third consecutive year. In 2021, exports totaled 16 977 tonnes, showing a sharp uptick of 90.5% compared to the previous year. Between 2018 and 2021, exports surged by 388.4%, equating to an annualized growth rate of 69.7%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, t

From 2018 to 2021, the main buyers of acyclic aldehydes from Hungary were Czechia, accounting for 51.9% of exports in kind, Poland with 24.2%, and Romania at 9.7%. Together, these three countries comprised 85.7% of total exports in kind.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Hungary in kind, 2018-2021

Exports in value, K $ US

The market exhibited an unstable trend throughout the timeframe. The minimum value was recorded in 2018, while the maximum occurred in 2021, showing a 5.1-fold variation between these years. In 2021, Hungary exported 5 494 thousand US dollars worth of acyclic aldehydes, indicating a rise of 180.8% compared to the previous year. The largest decline was recorded in 2020 at 0.1%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

From 2018 to 2021, three main markets—Czechia, Poland, and Romania—together absorbed 79.8% of Hungary's total exports of acyclic aldehydes in value terms.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Hungary in value, 2018-2021

Imports acyclic aldehydes to Hungary

Imports in kind, t

After a two-year decline, Hungary's volume of acyclic aldehydes imports increased. In 2021, imports amounted to 225 tonnes, showing a rise of 66.1% year-over-year. The largest decline was recorded in 2019 at 33.9%, with the minimum value of 135 tonnes occurring in 2020. Between 2018 and 2021, imports decreased by 4.4%, equating to an annualized decline rate of 1.5%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, t

In 2018–2021, two markets—Germany and Poland—played the leading roles in imports in kind, together taking 86.0% of total flows, while the remainder was distributed among other destinations.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Hungary in kind, 2018-2021

Imports in value, K $ US

Hungary's volume of acyclic aldehydes imports increased for the second consecutive year. In 2021, imports were recorded at 1 361 thousand US dollars, constituting a robust advance of 15.6% from a year earlier. The largest decline was recorded in 2019 at 1.5%, with the minimum value of 1 091 thousand US dollars also in that year. Over the period from 2018 to 2021, imports increased by 22.9%, with a compound annual growth rate of 7.1%.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

From 2018 to 2021, Germany led as the top supplier of acyclic aldehydes to Hungary, accounting for 40.3% of imports in value terms, followed by the United States at 21.9% and the United Kingdom at 17.8%. Their combined share reached 79.9% of total imports in value terms.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Hungary in value, 2018-2021