Key Market Indicators
Hungarian Aromatics Import is projected to plummet to around $6,600 by 2028, dropping sharply from approximately $20,200 in 2023. This represents a steep annual decline of 17.6%. Since 1997, the country's demand for aromatics has been on a downward trend, falling by an average of 11.8% each year. On the export front, Hungarian Aromatics Export is expected to rise modestly to about $145,100 by 2028 from nearly $137,500 in 2023. This marks an average annual growth rate of 0.9%. Since 1998, Hungary's supply in the aromatics sector has seen a consistent increase, growing by 7.2% annually. In 2023, Hungary ranked 19th in the world for aromatic exports, with Slovakia just ahead at $137,460. Major global players in the market included China, India, and Japan, occupying the second, third, and fourth positions respectively.
