Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in Hungary - 2023

Contents:

  1. Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in Hungary (CIF) - 2023
  2. Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in Hungary (FOB) - 2022
  3. Imports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in Hungary
  4. Exports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in Hungary

Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in Hungary (CIF) - 2023

The average import price for cellulose ethers; carboxymethylcellulose and its salts, in primary formses stood at $8,358 per ton in December 2023, growing by 3.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in October 2023 an increase of 66% against the previous month. As a result, import price reached the peak level of $9,832 per ton. From November 2023 to December 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($13,044 per ton), while the price for Turkey ($2,468 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in Hungary (FOB) - 2022

In 2022, the average export price for cellulose ethers; carboxymethylcellulose and its salts, in primary formses amounted to $5,258 per ton, increasing by 23% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cellulose ethers; carboxymethylcellulose and its salts, in primary formses increased by +68.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices hit record highs at $5,967 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($35,000 per ton), while the average price for exports to Poland ($2,553 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+179.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in Hungary

For the fourth year in a row, Hungary recorded growth in overseas purchases of cellulose ethers; carboxymethylcellulose and its salts, in primary formses, which increased by 7.9% to 2.4K tons in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 34%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of cellulose ethers; carboxymethylcellulose and its salts, in primary formses soared to $14M in 2022. Overall, imports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 42%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in Hungary (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan0.31.32.13.8133.1%
Netherlands2.33.12.93.312.8%
BelgiumN/A1.32.32.435.9%
Turkey0.20.20.40.858.7%
Germany0.50.60.50.66.3%
Italy0.40.50.50.57.7%
Finland0.20.30.50.535.7%
France1.50.50.10.1-59.5%
Others0.91.22.32.234.7%
Total6.39.011.614.130.8%

Top Suppliers of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms to Hungary in 2022:

  1. Netherlands (611.0 tons)
  2. Belgium (435.9 tons)
  3. Turkey (379.5 tons)
  4. Japan (262.1 tons)
  5. Italy (177.3 tons)
  6. Finland (113.0 tons)
  7. Germany (87.5 tons)
  8. France (10.5 tons)

Exports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in Hungary

In 2022, approx. 106 tons of cellulose ethers; carboxymethylcellulose and its salts, in primary formses were exported from Hungary; jumping by 29% on the previous year's figure. In general, exports posted a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 98% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of cellulose ethers; carboxymethylcellulose and its salts, in primary formses soared to $556K in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 104%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Slovakia24.827.946.917090.0%
Serbia17.510.660.512391.6%
Romania49.141.455.486.921.0%
CroatiaN/AN/A4.856.21070.8%
South KoreaN/A0.260.337.91276.6%
Denmark13.6N/A7.825.523.3%
PolandN/AN/A2.117.4728.6%
Ukraine16.135.134.31.8-51.8%
Germany47.130.7N/A0.1-87.1%
Others30.225.877.636.86.8%
Total19817235055641.1%

Top Export Markets for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms from Hungary in 2022:

  1. Slovakia (34.7 tons)
  2. Serbia (21.8 tons)
  3. Romania (19.3 tons)
  4. Croatia (11.9 tons)
  5. Poland (6.8 tons)
  6. Denmark (4.6 tons)
  7. South Korea (3.2 tons)
  8. Ukraine (0.4 tons)

Source: IndexBox Market Intelligence Platform

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