Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary - 2023

Contents:

1. Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary (CIF) - 2023
2. Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary (FOB) - 2022
3. Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary
4. Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary

Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary (CIF) - 2023

In November 2023, the average import price for artificial staple fibres, not carded, combed or otherwise processed for spinning amounted to $3,168 per ton, leveling off at the previous month. In general, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 3.3% m-o-m. As a result, import price reached the peak level of $5,293 per ton. From February 2023 to November 2023, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From December 2022 to November 2023, the rate of growth in terms of prices for Germany amounted to -4.3% per month.

Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary (FOB) - 2022

In 2022, the average export price for artificial staple fibres, not carded, combed or otherwise processed for spinning amounted to $4,484 per ton, picking up by 13% against the previous year. Over the period under review, the export price posted a noticeable increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 143% against the previous year. Over the period under review, the average export prices hit record highs at $4,856 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 Slovakia ($5,260 per ton), while the average price for exports to Germany ($400 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 Slovakia (+8.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary

For the third consecutive year, Hungary recorded decline in supplies from abroad of artificial staple fibres, not carded, combed or otherwise processed for spinning, which decreased by -4.1% to 3.5K tons in 2022. Over the period under review, imports saw a abrupt contraction. The smallest decline of -1.7% was in 2021.

In value terms, imports of artificial staple fibres, not carded, combed or otherwise processed for spinning skyrocketed to $16M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Hungary in 2022:

1. Germany (3331.6 tons)
2. Netherlands (123.5 tons)
3. Austria (71.9 tons)

Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary

In 2022, shipments abroad of artificial staple fibres, not carded, combed or otherwise processed for spinning decreased by -10% to 53 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 5,413% against the previous year.

In value terms, exports of artificial staple fibres, not carded, combed or otherwise processed for spinning amounted to $236K in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 3,625% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Hungary in 2022:

1. Bosnia and Herzegovina (49.7 tons)
2. Slovakia (3.0 tons)

Source: IndexBox Market Intelligence Platform