The polyamides market in Hungary expanded significantly from 2013 to 2023, growing from 29.344 million kilograms to 43.405 million kilograms. Between 2013 and 2023, the market observed fluctuations with an overall upward trend. A notable contraction appeared in 2019 and 2020, followed by a recovery in 2021 and a strong growth in 2022 and 2023. The compound annual growth rate (CAGR) over the past five years was 0.83%, indicating moderate but steady growth. A peak in growth occurred in 2014 with a 15.13% increase, while the largest decline was in 2020 with a 16.63% decrease.
Future trends to watch:
- Continued recovery and potential growth acceleration post-2023, driven by advancements in automotive and electronics sectors.
- Impact of sustainability trends reshaping demand for bio-based and recyclable polyamides.
- Economic factors and regulatory developments within the EU influencing market dynamics.
How does Hungary rank in Polyamides Market Size Volume?
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 155,000,000 | 2023 | +3.69% | +1.95% | View data |
| 2 | 2 Czech Republic | 94,163,000 | 2023 | +1.27% | -1.13% | View data |
| 3 | 3 Hungary | 43,405,000 | 2023 | +8.33% | +0.83% | |
| 4 | 4 Slovakia | 39,816,000 | 2023 | -0.56% | -2.06% | View data |
| 5 | 5 Romania | 39,748,000 | 2023 | +3.52% | +2.06% | View data |
