Price for Silk; Woven Fabrics of Noil Silk in Hungary - 2023

Contents:

1. Price for Silk; Woven Fabrics of Noil Silk in Hungary (FOB) - 2022
2. Price for Silk; Woven Fabrics of Noil Silk in Hungary (CIF) - 2022
3. Exports of Silk; Woven Fabrics of Noil Silk in Hungary
4. Imports of Silk; Woven Fabrics of Noil Silk in Hungary

Price for Silk; Woven Fabrics of Noil Silk in Hungary (FOB) - 2022

The average export price for silk; woven fabrics of noil silks stood at $35,484 per ton in 2022, which is down by -44% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in 2020 an increase of 1,244% against the previous year. Over the period under review, the average export prices reached the maximum at $274,200 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($94,882 per ton), while the average price for exports to Italy ($21,250 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 (+32.5%), while the prices for the other major destinations experienced a decline.

Price for Silk; Woven Fabrics of Noil Silk in Hungary (CIF) - 2022

The average import price for silk; woven fabrics of noil silks stood at $59,042 per ton in 2022, standing approx. at the previous year. Over the period under review, the import price faced a deep reduction. The pace of growth appeared the most rapid in 2018 an increase of 67% against the previous year. Over the period under review, average import prices hit record highs at $173,008 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 India ($98,618 per ton), while the price for the Netherlands ($22,699 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Silk; Woven Fabrics of Noil Silk in Hungary

In 2022, the amount of silk; woven fabrics of noil silks exported from Hungary skyrocketed to 6.2 tons, increasing by 23,796% on 2021 figures. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of silk; woven fabrics of noil silks surged to $220K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Silk; Woven Fabrics of Noil Silk from Hungary in 2022:

1. Germany (5.5 tons)
2. France (0.3 tons)
3. Italy (0.2 tons)
4. Belgium (0.1 tons)

Imports of Silk; Woven Fabrics of Noil Silk in Hungary

For the third consecutive year, Hungary recorded decline in overseas purchases of silk; woven fabrics of noil silks, which decreased by -21.8% to 2 tons in 2022. Over the period under review, imports faced a sharp curtailment. The smallest decline of -18.2% was in 2020.

In value terms, imports of silk; woven fabrics of noil silks contracted notably to $115K in 2022. In general, imports saw a sharp slump. The pace of growth was the most pronounced in 2021 when imports increased by 6.8%.

Top Suppliers of Silk; Woven Fabrics of Noil Silk to Hungary in 2022:

1. Italy (1126.0 kg)
2. Netherlands (375.0 kg)
3. Germany (157.0 kg)
4. China (144.0 kg)
5. India (68.0 kg)
6. Portugal (58.0 kg)

Source: IndexBox Market Intelligence Platform