Hungary - Sacks And Bags Of Cotton - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCotton Bag Price in Hungary - 2023
Contents:
- Cotton Bag Price in Hungary (CIF) - 2022
- Cotton Bag Price in Hungary (FOB) - 2022
- Cotton Bag Imports in Hungary
- Cotton Bag Exports in Hungary
Cotton Bag Price in Hungary (CIF) - 2022
In 2022, the average cotton bag import price amounted to $17,908 per ton, jumping by 138% against the previous year. In general, the import price, however, showed a pronounced shrinkage. Over the period under review, average import prices hit record highs at $21,823 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Croatia ($41,528 per ton), while the price for Pakistan ($8,389 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+183.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Cotton Bag Price in Hungary (FOB) - 2022
In 2022, the average cotton bag export price amounted to $38,010 per ton, picking up by 2.7% against the previous year. In general, the export price, however, showed a noticeable setback. The pace of growth was the most pronounced in 2014 an increase of 44% against the previous year. As a result, the export price attained the peak level of $66,106 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($78,236 per ton), while the average price for exports to the United States ($2,368 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.
Cotton Bag Imports in Hungary
In 2022, overseas purchases of sacks and bags of cotton decreased by -74.3% to 16 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 160% against the previous year. As a result, imports attained the peak of 63 tons, and then fell notably in the following year.
In value terms, cotton bag imports shrank dramatically to $292K in 2022. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, imports attained the peak of $477K, and then declined significantly in the following year.
| Import of Cotton Bag in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 42.6 | 87.8 | 83.8 | 124 | 42.8% |
| Germany | 7.8 | 42.5 | 35.3 | 55.9 | 92.8% |
| Poland | 2.4 | 2.2 | N/A | 19.2 | 100.0% |
| Czech Republic | 19.3 | 26.6 | 4.3 | 18.5 | -1.4% |
| France | 33.1 | 12.3 | 4.8 | 17.2 | -19.6% |
| Bulgaria | N/A | N/A | 50.2 | 5.7 | -88.6% |
| Spain | 1.5 | 2.0 | 2.5 | 4.1 | 39.8% |
| Italy | 34.4 | 0.3 | 2.3 | 0.7 | -72.7% |
| Turkey | 22.6 | 15.9 | 132 | 0.4 | -73.9% |
| India | 3.0 | 2.1 | 100 | 0.3 | -53.6% |
| Pakistan | 109 | 119 | 0.2 | 0.2 | -87.8% |
| Others | 85.1 | 101 | 61.2 | 45.9 | -18.6% |
| Total | 361 | 413 | 477 | 292 | -6.8% |
Top Suppliers of Cotton Bag to Hungary in 2022:
- Turkey (undefined tons)
- Pakistan (undefined tons)
- Italy (undefined tons)
- India (undefined tons)
- China (9.7 tons)
- Germany (2.7 tons)
- Poland (1.1 tons)
- Czech Republic (0.7 tons)
- France (0.5 tons)
- Spain (0.4 tons)
- Bulgaria (0.3 tons)
Cotton Bag Exports in Hungary
In 2022, overseas shipments of sacks and bags of cotton were finally on the rise to reach 12 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a slight downturn.
In value terms, cotton bag exports soared to $462K in 2022. The total export value increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cotton Bag in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 125 | 181 | 128 | 315 | 36.1% |
| Austria | 49.1 | 34.1 | 65.8 | 35.5 | -10.2% |
| Serbia | 1.1 | 0.3 | N/A | 23.7 | 178.3% |
| Slovakia | 141 | 156 | 15.8 | 21.5 | -46.6% |
| Romania | 1.1 | 1.3 | 8.3 | 13.6 | 131.2% |
| Israel | N/A | N/A | 1.3 | 7.6 | 484.6% |
| United States | N/A | N/A | 3.1 | 7.0 | 125.8% |
| Azerbaijan | 14.1 | N/A | N/A | N/A | 0% |
| North Macedonia | N/A | N/A | 0.7 | N/A | 0% |
| Others | 15.7 | 28.9 | 99.8 | 38.1 | 34.4% |
| Total | 347 | 401 | 323 | 462 | 10.0% |
Top Export Markets for Cotton Bag from Hungary in 2022:
- Germany (4.0 tons)
- United States (2.9 tons)
- Serbia (1.3 tons)
- Slovakia (0.8 tons)
- Romania (0.6 tons)
- Austria (0.6 tons)
- Israel (0.4 tons)
This report provides an in-depth analysis of the cotton bag market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13922130 - Sacks and bags, of cotton, used for packing goods
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2016, the amount of sack and bag imported worldwide amounted to X tons, approximately equating the previous year level. The total import volume increased at an average annual rate of +X% ove...
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