Price for Textile Machinery; Spinning Machines in Hungary - 2023
Contents:
- Price for Textile Machinery; Spinning Machines in Hungary (CIF) - 2022
- Price for Textile Machinery; Spinning Machines in Hungary (FOB) - 2022
- Imports of Textile Machinery; Spinning Machines in Hungary
- Exports of Textile Machinery; Spinning Machines in Hungary
Price for Textile Machinery; Spinning Machines in Hungary (CIF) - 2022
The average textile machinery; spinning machines import price stood at $115 per unit in 2022, reducing by -94.5% against the previous year. In general, the import price saw a dramatic slump. The most prominent rate of growth was recorded in 2014 an increase of 55,805%. As a result, import price reached the peak level of $112,929 per unit. From 2015 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($116 per unit), while the price for New Zealand ($77 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+23.2%), while the prices for the other major suppliers experienced a decline.
Price for Textile Machinery; Spinning Machines in Hungary (FOB) - 2022
The average textile machinery; spinning machines export price stood at $6,734 per unit in 2022, rising by 12% against the previous year. Over the period under review, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 726%. Over the period under review, the average export prices hit record highs at $16,326 per unit in 2019; however, from 2020 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 India ($7,674 per unit), while the average price for exports to Germany stood at $1,089 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-2.2%), while the prices for the other major destinations experienced a decline.
Imports of Textile Machinery; Spinning Machines in Hungary
In 2022, approx. 312 units of textile machinery; spinning machineses were imported into Hungary; rising by 564% on 2021. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 571%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, textile machinery; spinning machines imports declined markedly to $36K in 2022. In general, imports posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 133%. As a result, imports reached the peak of $99K, and then declined rapidly in the following year.
| Import of Textile Machinery; Spinning Machines in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.1 | 0.2 | 61.5 | 35.6 | 23.1% |
| United States | N/A | 0.5 | 36.8 | 0.1 | -55.3% |
| Others | 1.3 | 41.7 | 0.6 | 0.2 | -46.4% |
| Total | 20.3 | 42.4 | 98.8 | 36.0 | 21.0% |
Top Suppliers of Textile Machinery; Spinning Machines to Hungary in 2022:
- China (308.0 units)
- United States (1.0 units)
Exports of Textile Machinery; Spinning Machines in Hungary
In 2022, overseas shipments of textile machinery; spinning machineses were finally on the rise to reach 7 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt descent. The exports peaked at 11 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, textile machinery; spinning machines exports soared to $47K in 2022. Over the period under review, exports, however, continue to indicate a precipitous setback. Over the period under review, the exports reached the maximum at $180K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Textile Machinery; Spinning Machines in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 67.4 | 114 | 18.4 | 46.0 | -12.0% |
| Germany | N/A | N/A | 11.6 | 1.1 | -90.5% |
| China | 53.1 | N/A | N/A | N/A | 0% |
| Poland | 59.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 180 | 114 | 30.0 | 47.1 | -36.0% |
Top Export Markets for Textile Machinery; Spinning Machines from Hungary in 2022:
- India (6.0 units)
- Germany (1.0 units)
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