Compounded with carbon black or silica market in Hungary

Earlier Report Observations

The market for unvulcanised rubber compounded with carbon black or silica in Hungary contracted significantly from 2018 to 2024, with physical volume falling by nearly half from 61 thousand tonnes to 31 thousand tonnes. The market value also declined over this period, from $158.5 million to $95.3 million.

After a sharp drop in 2019 and 2020, the market saw a temporary recovery in 2021, growing by 9% to 41 thousand tonnes. However, this rebound proved short-lived as volumes resumed their decline in the subsequent years.

In 2023, a notable divergence occurred as the market value rose to $107.9 million despite a lower physical volume, indicating higher average prices or a shift toward more valuable product grades within the segment.

Production compounded with carbon black or silica in Hungary

In value, 2018-2021, K $ US

After two consecutive years of decline, Hungary's production of carbon black or silica compounds rebounded. In 2021, output reached 70 299 thousand US dollars, marking a significant 30.2% increase compared to 2020. Looking at the broader period from 2018 to 2021, production decreased by 25.6%, which translates to an average annual decline of 9.4%. The lowest point occurred in 2020, with production valued at 53 995 thousand US dollars, and that year also saw the steepest drop of 25.2%.

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

In kind, 2018-2021, t

Following a two-year downturn, Hungary's production of carbon black or silica compounds showed recovery. In 2021, the country produced 24 535 tonnes, representing a 23.9% rise from the previous year. Over the 2018-2021 period, production fell by 34%, equivalent to an annualized decrease of 12.9%. Production hit its lowest level in 2020 at 19 807 tonnes, with the largest decline of 27.3% also recorded that year.

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

Exports compounded with carbon black or silica from Hungary

Exports in kind, t

In 2021, Hungary's exports of carbon black or silica compounds to international markets reached 14 443 tonnes, a sharp 59.1% increase compared to 2020. From 2018 to 2021, exports grew by 29.7%, with an average annual growth rate of 9.1%. The export volume was at its lowest in 2020, totaling 9 080 tonnes, and that year experienced the most significant decline of 21.1%.

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

Between 2018 and 2021, three key markets—Romania, Slovenia, and Germany—collectively accounted for 84.9% of Hungary's total exports of carbon black or silica compounds by volume.

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

In 2021, Hungary's exports of carbon black or silica compounds totaled 41 694 thousand US dollars, a strong 69.5% year-over-year increase. Over the 2018-2021 period, exports rose by 35.4%, averaging 10.6% growth per year. The lowest export value was recorded in 2020 at 24 594 thousand US dollars, with the largest decline of 21.0% also occurring that year.

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

From 2018 to 2021, Romania and Slovenia were the primary buyers of carbon black or silica compounds from Hungary, together representing 80.7% of total export value, while the remaining share was distributed among other countries.

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

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

Imports compounded with carbon black or silica to Hungary

Imports in kind, t

After two years of decline, Hungary's imports of carbon black or silica compounds increased. In 2021, imports amounted to 30 951 tonnes, reflecting a solid 15.3% gain compared to the previous year. Between 2018 and 2021, imports decreased by 11.4%, which corresponds to an average annual decline of 3.9%. The import volume was lowest in 2020 at 26 838 tonnes, and that year saw the most substantial drop of 18.7%.

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

During the 2018-2021 period, Italy (25.6% of import volume), Germany (21.6%), and Poland (19.4%) were the leading suppliers of carbon black or silica compounds to Hungary, together accounting for 66.6% of total imports by volume.

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

Following a two-year reduction, Hungary's imports of carbon black or silica compounds from abroad rose. In 2021, imports reached 75 649 thousand US dollars, a 23.7% increase compared to 2020. From 2018 to 2021, imports fell by 20.2%, equating to an average annual decrease of 7.3%. The import value hit its lowest point in 2020 at 61 147 thousand US dollars, with the largest decline of 23.7% also recorded that year.

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

Over the 2018-2021 period, Italy (25.9% of import value), Germany (23.3%), and Poland (17.5%) topped the list of suppliers of carbon black or silica compounds to Hungary, with their combined share reaching 66.7% of total imports by value.

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

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