Hungary: Cotton Lint Market 2024

Cotton Lint Market Size in Hungary

The Hungarian cotton lint market soared to $X in 2022, jumping by X% against the previous year. Overall, consumption, however, continues to indicate a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cotton Lint Production in Hungary

In value terms, cotton lint production contracted modestly to $X in 2022 estimated in export price. Overall, production saw a slight setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of cotton lint in Hungary amounted to less than X kg per ha in 2022, approximately mirroring the year before. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the cotton lint harvested area in Hungary was estimated at less than X ha, therefore, remained relatively stable against the previous year's figure. In general, the harvested area recorded a relatively flat trend pattern.

Cotton Lint Exports

Exports from Hungary

Cotton lint exports from Hungary dropped markedly to X tons in 2022, falling by X% on the previous year. In general, exports, however, posted a noticeable expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, cotton lint exports expanded rapidly to $X in 2022. Over the period under review, exports, however, saw prominent growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), Italy (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of cotton lint exports from Hungary, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cotton lint exported from Hungary were the Czech Republic ($X), Italy ($X) and Bosnia and Herzegovina ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the Czech Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cotton lint export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton lint export price increased by X% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bosnia and Herzegovina ($X per ton) and Italy ($X per ton), while the average price for exports to the Czech Republic ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Lint Imports

Imports into Hungary

In 2022, overseas purchases of cotton lint were finally on the rise to reach X tons after four years of decline. In general, imports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cotton lint imports surged to $X in 2022. Overall, imports, however, showed a abrupt descent. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of cotton lint to Hungary, accounting for a X% share of total imports. Moreover, cotton lint imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Israel (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Israel (X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of cotton lint to Hungary, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with an X% share of total imports. It was followed by Israel, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Israel (X% per year).

Import Prices by Country

In 2022, the average cotton lint import price amounted to $X per ton, jumping by X% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue 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 Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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