The dyes and pigments market in Hungary saw fluctuating growth between 2013 and 2023, peaking in 2015. By 2023, the market size reached 118.51 million Euros. In recent years, there was a modest growth with a slight increase of 0.24% year-on-year for 2022 and 2023. The compound annual growth rate (CAGR) for the past five years is 0.69% indicating a return to slight positive growth trends.
Future trends to watch for:
- Technological advancements enhancing dye quality and efficiency.
- Increased demand for eco-friendly and sustainable pigments.
- Economic trends possibly influencing consumer demand and market dynamics.
How does Hungary rank in Dyes and Pigments Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,456,500,000 | 2023 | +1.38% | -4.62% | View data |
| 2 | 2 Italy | 2,595,200,000 | 2023 | +0.89% | +1.13% | View data |
| 3 | 3 France | 1,266,600,000 | 2023 | +0.19% | +0.022% | View data |
| 4 | 4 Spain | 803,850,000 | 2023 | -12.06% | -11.08% | View data |
| 5 | 5 Poland | 720,050,000 | 2023 | +3.52% | +1.46% | View data |
| 9 | 9 Portugal | 219,040,000 | 2023 | +3.64% | -0.21% | View data |
| 10 | 10 Romania | 165,970,000 | 2023 | +2.41% | +2.23% | View data |
| 11 | 11 Hungary | 118,510,000 | 2023 | +0.24% | +0.69% | |
| 12 | 12 Bulgaria | 46,611,000 | 2023 | +2.15% | -0.37% | View data |
| 13 | 13 Lithuania | 14,735,000 | 2023 | -13.19% | -10.31% | View data |
