Hungary: Market for Jute And Jute-Like Fibers 2022

Market Size for Jute And Jute-Like Fibers in Hungary

The Hungarian jute and jute-like fibers market skyrocketed to $X in 2021, increasing by X% against the previous year. Overall, consumption showed a significant expansion. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Production of Jute And Jute-Like Fibers in Hungary

In value terms, jute and jute-like fibers production rose notably to $X in 2021 estimated in export price. Overall, production recorded a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Jute and jute-like fibers production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

In 2021, the average jute and jute-like fibers yield in Hungary totaled less than X kg per ha, leveling off at 2020. 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 2021, approx. less than X ha of jute and jute-like fibers were harvested in Hungary; remaining relatively unchanged against the previous year. In general, the harvested area saw a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Hungary

In 2021, shipments abroad of jute and jute-like fibers increased by X% to X kg for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a precipitous curtailment. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, jute and jute-like fibers exports soared to $X in 2021. In general, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X kg) was the main destination for jute and jute-like fibers exports from Hungary, with a X% share of total exports. Moreover, jute and jute-like fibers exports to Slovakia exceeded the volume sent to the second major destination, the Czech Republic (X kg), eightfold. Austria (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Slovakia stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-X% per year) and Austria (-X% per year).

In value terms, Slovakia ($X) remains the key foreign market for jute and jute-like fibers exports from Hungary, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value to Slovakia amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-X% per year) and the United States (-X% per year).

Export Prices by Country

In 2020, the average jute and jute-like fibers export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price showed a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Slovakia ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+X%), while the prices for the other major destinations experienced a decline.

Imports of Jute And Jute-Like Fibers

Imports into Hungary

For the fifth year in a row, Hungary recorded growth in overseas purchases of jute and jute-like fibers, which increased by X% to X tons in 2021. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, jute and jute-like fibers imports skyrocketed to $X in 2021. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Slovenia (X tons) and China (X tons) were the main suppliers of jute and jute-like fibers imports to Hungary, together comprising X% of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest jute and jute-like fibers suppliers to Hungary were Germany ($X), China ($X) and Slovenia ($X), with a combined X% share of total imports.

China, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2020, with a decrease of -X% against the previous year. In general, the import price showed a abrupt shrinkage. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2020, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform