Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Hungary - 2023
Contents:
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Hungary (CIF) - 2023
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Hungary (FOB) - 2023
- Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in Hungary
- Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in Hungary
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Hungary (CIF) - 2023
The average import price for yarn of combed wool, not put up for retail sale stood at $25,492 per ton in November 2023, falling by -11.1% against the previous month. Over the period under review, import price indicated slight growth from November 2022 to November 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for yarn of combed wool, not put up for retail sale decreased by -14.4% against August 2023 indices. The pace of growth was the most pronounced in June 2023 an increase of 88% month-to-month. The import price peaked at $29,771 per ton in August 2023; however, from September 2023 to November 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Austria ($26,663 per ton), while the price for Italy ($24,239 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Hungary (FOB) - 2023
In November 2023, the average export price for yarn of combed wool, not put up for retail sale amounted to $19,295 per ton, surging by 350% against the previous month. Over the period under review, the export price, however, recorded a mild setback. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 737% against the previous month. As a result, the export price reached the peak level of $36,010 per ton. From September 2023 to November 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Croatia.
From December 2022 to November 2023, the rate of growth in terms of prices for Croatia amounted to 0.0% per month.
Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in Hungary
In 2022, supplies from abroad of yarn of combed wool, not put up for retail sale increased by 20% to 327 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt downturn.
In value terms, imports of yarn of combed wool, not put up for retail sale rose sharply to $4.4M in 2022. Overall, imports, however, recorded a abrupt descent.
| Import of Yarn of Combed Wool, Not Put Up for Retail Sale in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.9 | 2.3 | 2.0 | 2.4 | -14.9% |
| Germany | 1.7 | 0.9 | 1.0 | 1.2 | -11.0% |
| Austria | 1.4 | 0.9 | 0.3 | 0.7 | -20.6% |
| Bulgaria | 0.4 | 0.3 | 0.2 | 0.1 | -37.0% |
| Others | 0.1 | 0.1 | 0.5 | 0.1 | 0.0% |
| Total | 7.6 | 4.5 | 3.9 | 4.4 | -16.7% |
Top Suppliers of Yarn of Combed Wool, Not Put Up for Retail Sale to Hungary in 2022:
- Italy (241.5 tons)
- Germany (53.5 tons)
- Austria (24.6 tons)
- Bulgaria (4.7 tons)
Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in Hungary
In 2022, approx. 303 tons of yarn of combed wool, not put up for retail sale were exported from Hungary; declining by -7.1% compared with the year before. Overall, exports recorded a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 44%.
In value terms, exports of yarn of combed wool, not put up for retail sale fell sharply to $1.2M in 2022. Over the period under review, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 34% against the previous year.
| Export of Yarn of Combed Wool, Not Put Up for Retail Sale in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.0 | 1.0 | 1.4 | 1.2 | -26.3% |
| Others | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Total | 3.2 | 1.1 | 1.5 | 1.2 | -27.9% |
Top Export Markets for Yarn of Combed Wool, Not Put Up for Retail Sale from Hungary in 2022:
- Italy (301.3 tons)
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