Overview of the Market for Soda And Sulphate Chemical Wood Pulp in Hungary
Market Overview
The Hungarian market for chemical wood pulp (soda and sulphate, other than dissolving grades) stood at $
in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2017 with an increase of % y-o-y. Consumption peaked at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.
In value terms, production of chemical wood pulp (soda and sulphate, other than dissolving grades) rose rapidly to $ in 2019 estimated in export prices. Over the period under review, production saw a noticeable downturn. The growth pace was the most rapid in 2017 with an increase of % year-to-year. Production peaked at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.
in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2017 with an increase of % y-o-y. Consumption peaked at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.In value terms, production of chemical wood pulp (soda and sulphate, other than dissolving grades) rose rapidly to $
in 2019 estimated in export prices. Over the period under review, production saw a noticeable downturn. The growth pace was the most rapid in 2017 with an increase of % year-to-year. Production peaked at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.Consumption
In 2019, consumption of chemical wood pulp (soda and sulphate, other than dissolving grades) in Hungary shrank to tonnes, reducing by -% against 2018. In general, consumption showed a mild downturn. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. Consumption peaked at tonnes in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.
The size of the market for chemical wood pulp (soda and sulphate, other than dissolving grades) in Hungary was estimated at $ in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a pronounced slump. The pace of growth was the most pronounced in 2017 when the market value increased by % y-o-y. Consumption peaked at $ in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.
tonnes, reducing by -% against 2018. In general, consumption showed a mild downturn. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. Consumption peaked at tonnes in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.The size of the market for chemical wood pulp (soda and sulphate, other than dissolving grades) in Hungary was estimated at $
in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a pronounced slump. The pace of growth was the most pronounced in 2017 when the market value increased by % y-o-y. Consumption peaked at $ in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for soda and sulphate chemical wood pulp in Hungary, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Market Structure
In 2019, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.
% in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.Trade Balance
Hungary remains a net importer of soda and sulphate chemical wood pulp; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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