Aromatic monoamines, their derivatives and salts market in Hungary

Earlier Report Observations

Import volumes of aromatic monoamines into Hungary rose from 151.3 thousand tons in 2018 to 186.4 thousand tons in 2019, influenced by a 15% import duty on acyclic monoamines that altered price competitiveness and market access for related chemical products. After remaining flat in 2020, imports eased to 173.3 thousand tons in 2021.

Available market size data from 2022 shows a consistent contraction, with volume falling from 111.4 thousand tons to 83.6 thousand tons in 2024, while import value peaked at $211.4 million in 2022 before declining to $132.5 million in 2024. Import volume continued to decrease, reaching 56.7 thousand tons in 2025, with import value falling to $95.0 million.

Production aromatic monoamines, their derivatives and salts in Hungary

According to Faostat, there is no production of aromatic monoamines, their derivatives and salts in Hungary.

Exports aromatic monoamines, their derivatives and salts from Hungary

Exports in kind, K t

Hungary's exports of aromatic monoamines, their derivatives, and salts have grown for the third year in a row. In 2021, shipments abroad reached 2.1 K t, marking a significant year-over-year increase of 143.4%. Looking at the period from 2018 to 2021, exports surged by 1 093.5%, with an impressive compound annual growth rate of 128.5%.

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

From 2018 to 2021, Belgium and Germany were the primary markets for Hungary's exports of aromatic monoamines, their derivatives, and salts in kind. Together, they accounted for 99.7% of the total export flows during this period.

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, M $ US

The market exhibited volatility over the observed years. Volumes hit their lowest point in 2020 and peaked in 2021, with a 3.3-fold difference between these two years. In 2021, the value of aromatic monoamines, their derivatives, and salts exported from Hungary stood at 5.1 M $ US, representing a substantial gain of 229.4% compared to the previous year. The minimum value was recorded in 2020 at 1.6 M $ US, which also saw the largest decline of 42.0%.

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

Between 2018 and 2021, Germany, Japan, and Belgium emerged as the key markets for Hungary's exports in value terms. Germany contributed 36.3% of the total export value, Japan accounted for 27.4%, and Belgium made up 25.1%. Collectively, these three countries represented 88.9% of all export flows.

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

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

Imports aromatic monoamines, their derivatives and salts to Hungary

Imports in kind, K t

In 2021, Hungary's imports of foreign aromatic monoamines, their derivatives, and salts amounted to 173.3 K t, showing a 7.0% decrease from the previous year. Over the period from 2018 to 2021, imports grew by 14.6%, translating to an annualized rate of 4.6%. The highest import volume was recorded in 2019 at 186.4 K t, which also experienced the largest increase of 23.3%.

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

From 2018 to 2021, the import structure in kind was largely dominated by Czechia and China. Together, these two countries accounted for 96.0% of the total import flows, with other markets making up the remainder.

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, M $ US

After two years of decline, Hungary's imports of aromatic monoamines, their derivatives, and salts rebounded in 2021. The import value reached 205.4 M $ US, reflecting a 35.9% rise from the year before. Between 2018 and 2021, imports increased by 11.6%, with a compound annual growth rate of 3.7%. The lowest value was recorded in 2020 at 151.1 M $ US, which also saw the most significant decline of 16.2%.

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

During the 2018–2021 period, Czechia and China were the clear leaders in Hungary's import structure in value terms. Other countries collectively accounted for the remaining share of imports.

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

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