Industry Statistics and Rankings
How does this industry perform in Hungary compared to Europe?
Country Benchmarking
Industry Data Hungary
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#13 In EuropeBusiness
#19 In EuropeEmployees
#17 In EuropeWages
#16 In EuropeBefore the pandemic, the Basic Chemical Manufacturing industry enjoyed a period of strong demand, particularly from Asia. Innovation in speciality chemicals and sustainability initiatives gained momentum, helping raise profitability. When the pandemic hit, supply chains were greatly disrupted while industrial output stumbled until socially distanced factory guidelines were adopted. As industrial output ramped up, manufacturers' revenue benefited from pent-up demand and government fiscal packages, leading to substantial infrastructure spending and stimulus. Russia's invasion of Ukraine added another spanner to works, though, with energy and feedstuff prices skyrocketing as a result of western countries' sanctions on Russian exports. Production costs escalated and business and consumer confidence was shot by rising living costs, denting demand throughout 2022 and 2023. Profitability has also been hit hard by soaring operational costs, which manufacturers have struggled to pass on to clients.
Enterprises
Number of businesses in 2024
Biggest companies in the Basic Chemical Manufacturing in Hungary
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Solvay SA | 14,257.5 | 1,953.3 | 13.7 | |
BorsodChem | N/A | N/A | N/A |
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Top Questions Answered in this Report
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What is the market size of the Basic Chemical Manufacturing industry in Hungary in 2024?
The market size of the Basic Chemical Manufacturing industry in Hungary is €3.0bn in 2024.
How many businesses are there in the Basic Chemical Manufacturing in Hungary industry in 2024?
There are 78 businesses in the Basic Chemical Manufacturing industry in Hungary, which has declined at a CAGR of 2.4 % between 2019 and 2024.
Has the Basic Chemical Manufacturing industry in Hungary grown or declined over the past 5 years?
The market size of the Basic Chemical Manufacturing industry in Hungary has been growing at a CAGR of 22.4 % between 2019 and 2024.
What is the forecast growth of the Basic Chemical Manufacturing industry in Hungary over the next 5 years?
Over the next five years, the Basic Chemical Manufacturing industry in Hungary is expected to grow.
What are the biggest companies in the Basic Chemical Manufacturing market in Hungary?
The biggest companies operating in the Basic Chemical Manufacturing market in Hungary are Solvay SA and BorsodChem
What does the Basic Chemical Manufacturing in Hungary include?
Liquefied or compressed inorganic industrial or medical gases and Dyes and pigments are part of the Basic Chemical Manufacturing industry.
Which companies have the highest market share in the Basic Chemical Manufacturing in Hungary?
The company holding the most market share in Hungary is Solvay SA.
How competitive is the Basic Chemical Manufacturing industry in Hungary?
The level of competition is moderate and steady in the Basic Chemical Manufacturing industry in Hungary.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Other Chemical Product Manufacturing in Hungary
Complementors
- Petroleum Refining in Hungary
- Primary Form Plastic & Synthetic Rubber Manufacturing in Hungary
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture basic chemical products, fertilisers and associated nitrogen compounds, as well as plastics and synthetic rubber in primary forms. They also produce liquefied or compressed gases, dyes and pigments, chemical elements, inorganic acids and compounds, organic compounds and distilled water.
Related Terms
Organic ChemicalsInorganic ChemicalsYieldWhat's included in this industry?
Liquefied or compressed inorganic industrial or medical gasesDyes and pigmentsChemical elementsInorganic acids, bases and compoundsOrganic chemicalsCompanies
Solvay SABorsodChemIndustry Code
2011 - Manufacture of basic chemicals in Hungary
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Basic Chemical Manufacturing in Hungary industry?
Outlook
Analysis
What's driving the Basic Chemical Manufacturing in Hungary industry outlook?
Volatility
Analysis
What influences volatility in the Basic Chemical Manufacturing in Hungary industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Basic Chemical Manufacturing in Hungary industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Reusing and recycling limit sales of certain products. Chemical element sales are being constrained the move towards a circular economy, while bases and acids are widely being reused.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Basic Chemical Manufacturing in Hungary industry's products and services performing?
Analysis
What are innovations in the Basic Chemical Manufacturing in Hungary industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Basic Chemical Manufacturing in Hungary industry?
International Trade
Highlights
- Total Imports into Hungary
- Total Exports into Hungary
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Mergers and acquisitions are commonplace. Competition between chemical producers is intense, encouraging them to join forces or look for takeover targets to grab more of the market.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Basic Chemical Manufacturing in Hungary located?
Companies
Data Tables
Top 2 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Strict laws govern chemical use. Stringent requirements are placed on chemical production, use and disposal, with the aim of driving innovation towards more sustainable products.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Basic Chemical Manufacturing in Hungary industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Competition and high operating costs constrain profit. Price competition (both internally and from low-cost imports from China) puts significant strain on chemical manufacturers’ returns, while sky-high energy bills add to operating costs.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Basic Chemical Manufacturing in Hungary industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
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