Hungary: Metallised Yarn Market 2024

Metallised Yarn Market Size in Hungary

The Hungarian metallised yarn market reached $X in 2022, picking up by X% against the previous year. In general, consumption saw a resilient increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Metallised Yarn Production in Hungary

In value terms, metallised yarn production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a sharp setback. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Metallised Yarn Exports

Exports from Hungary

In 2022, after two years of decline, there was significant growth in shipments abroad of metallised yarn and strip, when their volume increased by X% to X tons. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume 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. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, metallised yarn exports stood at $X in 2022. In general, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Romania (X tons) and the United States (X tons) were the main destinations of metallised yarn exports from Hungary, together comprising X% of total exports. The UK, Australia, Italy, China, Slovakia, the Netherlands, Poland, the Czech Republic, Sri Lanka and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for metallised yarn and strip exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The average metallised yarn export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Sri Lanka ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metallised Yarn Imports

Imports into Hungary

In 2022, purchases abroad of metallised yarn and strip increased by X% to X tons, rising for the fourth consecutive year after four years of decline. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, metallised yarn imports reached $X in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) was the main supplier of metallised yarn to Hungary, with a X% share of total imports. It was followed by Turkey (X tons), with a X% share of total imports. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and China (X% per year).

In value terms, Germany ($X) constituted the largest supplier of metallised yarn and strip to Hungary, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

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

Import Prices by Country

In 2022, the average metallised yarn import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price saw a slight setback. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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