Hungary: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Hungary

The Hungarian market for nets of twine, cordage, rope or textile materials shrank to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, recorded a strong increase. Twine, cordage or textile net consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Hungary

In value terms, twine, cordage or textile net production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Hungary

In 2022, the amount of nets of twine, cordage, rope or textile materials exported from Hungary amounted to X tons, surging by X% against the previous year. Over the period under review, exports saw a moderate expansion. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, twine, cordage or textile net exports contracted slightly to $X in 2022. In general, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Romania (X tons), Italy (X tons) and Slovakia (X tons) were the main destinations of twine, cordage or textile net exports from Hungary, together comprising X% of total exports. Bulgaria, the Czech Republic, Croatia, Russia, Ukraine and Switzerland lagged somewhat behind, together comprising 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 the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Italy ($X) and Russia ($X) appeared to be the largest markets for twine, cordage or textile net exported from Hungary worldwide, together comprising X% of total exports. Slovakia, the Czech Republic, Croatia, Bulgaria, Ukraine and Switzerland lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, waning by X% against the previous year. In general, export price indicated a pronounced increase 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, twine, cordage or textile net export price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Hungary

After three years of growth, overseas purchases of nets of twine, cordage, rope or textile materials decreased by X% to X tons in 2022. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then declined dramatically in the following year.

In value terms, twine, cordage or textile net imports declined to $X in 2022. In general, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

China (X tons), the Czech Republic (X tons) and Slovakia (X tons) were the main suppliers of twine, cordage or textile net imports to Hungary, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of nets of twine, cordage, rope or textile materials to Hungary, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

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

Import Prices by Country

In 2022, the average import price for nets of twine, cordage, rope or textile materials amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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