Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Hungary - 2023

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Hungary (CIF) - 2022
2. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Hungary

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Hungary (CIF) - 2022

The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses stood at $1,046 per ton in 2022, increasing by 43% against the previous year. Over the period under review, the import price posted a resilient expansion. The pace of growth appeared the most rapid in 2021 an increase of 72% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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 China ($8,651 per ton), while the price for Slovakia amounted to $379 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.8%).

Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Hungary

In 2022, purchases abroad of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses decreased by -84.3% to 21 tons, falling for the second year in a row after two years of growth. In general, imports recorded a sharp decrease. The growth pace was the most rapid in 2020 with an increase of 25%. As a result, imports reached the peak of 182 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses declined rapidly to $22K in 2022. Over the period under review, imports showed a significant curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 52%.

Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres to Hungary in 2022:

1. Slovakia (19.4 tons)
2. China (1.7 tons)

Source: IndexBox Market Intelligence Platform