Hungary: Market for Cotton (Carded Or Combed) 2024

Market Size for Cotton (Carded Or Combed) in Hungary

The Hungarian cotton (carded or combed) market shrank notably to $X in 2022, falling by X% against the previous year. In general, consumption saw a deep downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Cotton (Carded Or Combed) in Hungary

In value terms, cotton (carded or combed) production dropped dramatically to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild increase. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then declined rapidly in the following year.

Exports of Cotton (Carded Or Combed)

Exports from Hungary

In 2022, shipments abroad of cotton (carded or combed) increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, cotton (carded or combed) exports surged to $X in 2022. Over the period under review, exports posted a remarkable increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for cotton (carded or combed) exports from Hungary, with a X% share of total exports. Moreover, cotton (carded or combed) exports to Italy exceeded the volume sent to the second major destination, Japan (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled X%.

In value terms, Italy ($X) emerged as the key foreign market for cotton (carded or combed) exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at X%.

Export Prices by Country

In 2022, the average cotton (carded or combed) export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Italy amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced a decline.

Imports of Cotton (Carded Or Combed)

Imports into Hungary

In 2022, the amount of cotton (carded or combed) imported into Hungary surged to X tons, increasing by X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a deep contraction. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cotton (carded or combed) imports skyrocketed to $X in 2022. Overall, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), France (X tons) and Spain (X tons) were the main suppliers of cotton (carded or combed) imports to Hungary, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of cotton (carded or combed) to Hungary, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the average cotton (carded or combed) import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price, however, posted pronounced growth. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined dramatically in the following year.

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 Spain ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (X.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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