Sulphonated, nitrated or nitrosated hydrocarbon derivatives market in Hungary

Earlier Report Observations

The Hungarian market for sulphonated, nitrated or nitrosated hydrocarbon derivatives underwent a remarkable expansion from 2018 to 2024. Production in volume terms soared from 34 t in 2018 to 45 744 t in 2024, while the total market volume grew from 3 519 t to 46 342 t over the same period. In monetary value, the market size increased more than tenfold, rising from 6.2 million USD to 71.8 million USD.

This growth was characterized by a particularly sharp rise between 2018 and 2020, after which increases continued at a more moderate rate. The structure of supply shifted notably, with imports—which had climbed until 2022—falling significantly in 2023 and 2024. Exports remained a minor factor throughout the period, with only a temporary uptick recorded in 2023.

Production sulphonated, nitrated or nitrosated hydrocarbon derivatives in Hungary

In value, 2018-2021, K $ US

In 2021, Hungary's output of sulphonated, nitrated or nitrosated hydrocarbon derivatives was valued at 44 858 thousand US dollars, representing a significant increase of 118.0% compared to the previous year. Over the period from 2018 to 2021, production surged by 84 886.2%, with a compound annual growth rate of 847.2%.

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

In kind, 2018-2021, t

In 2021, Hungary produced 37 754 tonnes of sulphonated, nitrated or nitrosated hydrocarbon derivatives, reflecting a dramatic year-on-year advance of 76.5%. From 2018 to 2021, production expanded by 110 941.2%, with a compound annual growth rate of 935.5%.

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

Exports sulphonated, nitrated or nitrosated hydrocarbon derivatives from Hungary

Exports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Exports reached their lowest point in 2020 and peaked in 2021, with a 36-fold difference between these years. In 2021, Hungary exported 90 tonnes of sulphonated, nitrated or nitrosated hydrocarbon derivatives, marking a sharp increase of 3 479.0% compared to 2020. The minimum value was recorded in 2020 at 3 tonnes, with the largest decline of 88.5% occurring that year.

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

From 2018 to 2021, Ireland, Belgium, and Italy consistently held leading positions in Hungary's export structure by volume. Ireland accounted for 36.7% of exports, Belgium for 21.4%, and Italy for 12.5%, jointly representing 70.6% of total export flows.

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

Volatility characterized the market behavior during these years. Exports hit their trough in 2019 and peaked in 2021, with a 4.6-fold gap between these periods. In 2021, Hungary's exports of sulphonated, nitrated or nitrosated hydrocarbon derivatives amounted to 263 thousand US dollars, marking a sharp gain of 45.2% compared to 2020. The minimum value was recorded in 2019 at 57 thousand US dollars, with the largest decline of 52.5% occurring that year. The largest increase was recorded in 2020 at 216.3%.

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

From 2018 to 2021, Ireland, China, and Belgium were the primary buyers of sulphonated, nitrated or nitrosated hydrocarbon derivatives from Hungary in value terms. Ireland accounted for 29.1% of exports, China for 24.1%, and Belgium for 14.7%, jointly representing 68.0% 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 sulphonated, nitrated or nitrosated hydrocarbon derivatives to Hungary

Imports in kind, t

Hungary's imports of sulphonated, nitrated or nitrosated hydrocarbon derivatives increased for the third consecutive year. In 2021, Hungary imported 4 348 tonnes, remaining virtually unchanged year-on-year. Over the period from 2018 to 2021, imports grew by 24.3%, with a compound annual growth rate of 7.5%.

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

From 2018 to 2021, Italy remained the dominant source for Hungary's imports by volume, with a share of 80.1% of total flows, while the remainder was fragmented across other markets.

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

In 2021, Hungary's imports of sulphonated, nitrated or nitrosated hydrocarbon derivatives were recorded at 6 860 thousand US dollars, showing a gain of 5.7% year-on-year. Between 2018 and 2021, imports increased by 10%, equating to an annualized rate of 3.2%. The maximum value was recorded in 2019 at 6 945 thousand US dollars, with the largest decline of 6.5% in 2020 and the largest increase of 11.4% in 2019.

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

From 2018 to 2021, Italy, Slovenia, and China formed the main group of destinations for Hungary's imports in value terms. Italy accounted for 60.2% of imports, Slovenia for 6.2%, and China for 6.0%, with a combined share of 72.4% of total import flows.

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

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