Saturated monohydric alcohols market in Hungary

Earlier Report Observations

From 2018 to 2021, import volumes of saturated monohydric alcohols in Hungary remained consistently high, exceeding 100,000 tonnes each year. The market dipped in 2020 as COVID-19 pandemic disruptions affected global supply chains and altered demand patterns within the beverage sector. A recovery in 2021 coincided with a reported global increase in trade for these alcohols, while a concurrent domestic trend towards premium beverage products began supporting market value.

A major shift occurred in 2022 with the implementation of significant regulatory changes, including higher excise tax rates and new EU mandatory labeling rules for spirits. These measures increased compliance costs and contributed to a sharp contraction in import volume to 76.9 thousand tonnes. The following year, broader economic difficulties and high inflation reduced overall alcohol consumption, leading to market overproduction and growing manufacturer inventories. These pressures, alongside a sustained consumer move towards health-conscious and premium options, kept the market's physical volume below pre-2022 levels. The later period saw the market adapt through the expansion of e-commerce sales channels and ongoing product reformulation driven by public health tax regulations.

Production saturated monohydric alcohols in Hungary

In value, 2018-2021, K $ US

In 2020, Hungary's output of saturated monohydric alcohols was valued at 204.5 thousand US dollars, showing minimal change compared to the previous year. Over the period from 2018 to 2020, production declined by 51.2%, with a compound annual growth rate of -21.3%.

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

In kind, 2018-2021, t

In 2020, Hungary produced 407.0 tonnes of saturated monohydric alcohols, remaining largely stable relative to the prior year. From 2018 to 2020, production fell by 36.5%, corresponding to a compound annual growth rate of -14.1%.

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

Exports saturated monohydric alcohols from Hungary

Exports in kind, K t

The market exhibited notable fluctuations during this period. Exports of saturated monohydric alcohols from Hungary reached their lowest point in 2019 at 0.2 thousand tonnes, then peaked in 2021 at 0.6 thousand tonnes, representing a 2.8-fold increase from the trough. The 2021 figure marked a 31.3% rise over the previous year. The largest decline occurred in 2019, dropping by 58.3%, while the most significant increase was recorded in 2020, surging by 111.9%.

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

From 2018 to 2021, Romania, Austria, and Slovakia were the primary destinations for Hungary's saturated monohydric alcohols exports in kind. Romania accounted for 38.0% of exports, Austria for 23.7%, and Slovakia for 17.5%, collectively representing 79.3% of total exports.

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

Market behavior was characterized by volatility during these years. The lowest export value was recorded in 2019 at 295 thousand US dollars, while the highest occurred in 2021 at 709 thousand US dollars, a 2.4-fold difference. In 2021, exports increased by 14.8% compared to the previous year. The largest decline was in 2019, falling by 42.9%, and the most substantial increase was in 2020, rising by 109.2%.

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

Between 2018 and 2021, Romania, Austria, and Slovakia continued to be the main buyers of Hungary's saturated monohydric alcohols in value terms. Romania represented 39.9% of exports, Austria 10.8%, and Slovakia 9.3%, together accounting for 60.0% of total export value.

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

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

Imports saturated monohydric alcohols to Hungary

Imports in kind, K t

In 2021, Hungary's imports of saturated monohydric alcohols totaled 119.0 thousand tonnes, a strong increase of 10.2% over the previous year. The minimum was recorded in 2020 at 108.0 thousand tonnes, while the maximum occurred in 2019 at 119.7 thousand tonnes. The largest decline was in 2020, dropping by 9.8%.

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

From 2018 to 2021, Russia, Slovakia, and Serbia were the leading suppliers of saturated monohydric alcohols to Hungary in kind. Russia accounted for 37.9% of imports, Slovakia for 25.2%, and Serbia for 22.2%, jointly making up 85.3% of total imports.

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

After a two-year decline, Hungary's imports of saturated monohydric alcohols in value terms rebounded. In 2021, imports reached 61 234 thousand US dollars, a sharp increase of 51.1% compared to the previous year. Over the period from 2018 to 2021, imports grew by 8.9%, with a compound annual growth rate of 2.9%. The minimum value was recorded in 2020 at 40 515 thousand US dollars, and the largest decline occurred in 2019, falling by 18.9%.

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

Throughout 2018 to 2021, Russia, Slovakia, and Serbia remained the key sources for Hungary's imports of saturated monohydric alcohols in value terms. Russia represented 28.8% of imports, Slovakia 19.8%, and Serbia 18.1%, collectively accounting for 66.6% of total import value.

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

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