Hungary: Flax Fiber Market 2024

Flax Fiber Market Size in Hungary

The Hungarian flax fiber market reduced markedly to $X in 2022, which is down by X% against the previous year. Overall, consumption saw a deep downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Flax Fiber Production in Hungary

In value terms, flax fiber production amounted to less than $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern.

In 2022, the average yield of flax fiber in Hungary stood at less than X kg per ha, remaining relatively unchanged against the year before. In general, the yield saw 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 total area harvested in terms of flax fiber production in Hungary totaled less than X ha, stabilizing at the previous year's figure. In general, the harvested area continues to indicate a relatively flat trend pattern.

Flax Fiber Exports

Exports from Hungary

After two years of growth, shipments abroad of flax fiber decreased by X% to X tons in 2022. Over the period under review, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then declined sharply in the following year.

In value terms, flax fiber exports reduced to $X in 2022. In general, exports, however, showed a resilient increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Lithuania (X tons) was the main destination for flax fiber exports from Hungary, accounting for a X% share of total exports. Moreover, flax fiber exports to Lithuania exceeded the volume sent to the second major destination, Belgium (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Lithuania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Italy (X% per year).

In value terms, Lithuania ($X) remains the key foreign market for flax fiber exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Lithuania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average flax fiber export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Italy ($X 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 Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Flax Fiber Imports

Imports into Hungary

In 2022, flax fiber imports into Hungary declined remarkably to X tons, shrinking by X% compared with the year before. Over the period under review, imports recorded a deep setback. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, flax fiber imports reduced remarkably to $X in 2022. Overall, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest supplier of flax fiber to Hungary, with a X% share of total imports. Moreover, flax fiber imports from Lithuania exceeded the figures recorded by the second-largest supplier, Egypt (X tons), sixfold.

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

In value terms, Lithuania ($X) constituted the largest supplier of flax fiber to Hungary, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average flax fiber import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price, however, saw a slight reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat 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 Italy ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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