Hungary: Silk Yarn Market 2021

Silk Yarn Market Size in Hungary

In 2019, the Hungarian silk yarn market decreased by -X% to $X, falling for the eleventh year in a row after two years of growth. Over the period under review, consumption recorded a abrupt downturn. The pace of growth appeared the most rapid in 2008 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2009 to 2019, the growth of the market failed to regain the momentum.

Silk Yarn Production in Hungary

In value terms, silk yarn production reduced to $X in 2019 estimated in export prices. Over the period under review, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, production attained the peak level of $X. From 2009 to 2019, production growth failed to regain the momentum.

Silk Yarn Exports

Exports from Hungary

In 2019, the amount of silk yarn exported from Hungary reduced markedly to X kg, declining by -X% on the previous year. Overall, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. As a result, exports reached the peak of X kg. From 2009 to 2019, the growth exports failed to regain the momentum.

In value terms, silk yarn exports plummeted to $X in 2019. In general, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2009 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Italy (X kg) was the main destination for silk yarn exports from Hungary, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Italy amounted to -X%.

From 2007 to 2019, the average annual rate of growth in terms of value to Italy stood at -X%.

Export Prices by Country

In 2019, the average silk yarn export price amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2009; however, from 2010 to 2019, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2007 to 2019, the rate of growth in terms of prices for Italy amounted to -X% per year.

Silk Yarn Imports

Imports into Hungary

In 2019, the amount of silk yarn imported into Hungary contracted to X kg, approximately reflecting 2018 figures. Overall, imports saw a mild setback. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. As a result, imports reached the peak of X tons. From 2010 to 2019, the growth imports remained at a lower figure.

In value terms, silk yarn imports expanded notably to $X in 2019. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2009 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2010 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, Italy (X kg) constituted the largest silk yarn supplier to Hungary, accounting for a X% share of total imports. Moreover, silk yarn imports from Italy exceeded the figures recorded by the second-largest supplier, China (X kg), twofold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Italy stood at -X%.

In value terms, Italy ($X) constituted the largest supplier of silk yarn to Hungary, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Italy totaled -X%.

Import Prices by Country

The average silk yarn import price stood at $X per ton in 2019, surging by X% against the previous year. Overall, the import price, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per ton in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Italy ($X per ton), while the price for China amounted to $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :