Hungary: Textile Tubing Market 2022

Textile Tubing Market Size in Hungary

The Hungarian textile tubing market soared to $X in 2021, growing by X% against the previous year. Overall, consumption saw strong growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Textile Tubing Production in Hungary

In value terms, textile tubing production expanded notably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate prominent growth. The pace of growth was the most pronounced in 2015 with an increase of X%. Textile tubing production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Textile Tubing Exports

Exports from Hungary

After three years of decline, shipments abroad of textile hosepiping and similar textile tubing increased by X% to X tons in 2021. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, textile tubing exports soared to $X in 2021. Overall, exports recorded resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for textile tubing exports from Hungary, accounting for a X% share of total exports. Moreover, textile tubing exports to Romania exceeded the volume sent to the second major destination, Poland (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to Romania totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-X% per year) and Croatia (+X% per year).

In value terms, Romania ($X) remains the key foreign market for textile tubing exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Poland ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Romania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Croatia (+X% per year).

Export Prices by Country

The average textile tubing export price stood at $X per ton in 2021, surging by X% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+X%), while the prices for the other major destinations experienced a decline.

Textile Tubing Imports

Imports into Hungary

In 2021, overseas purchases of textile hosepiping and similar textile tubing were finally on the rise to reach X tons after two years of decline. Overall, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, textile tubing imports skyrocketed to $X in 2021. In general, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of textile tubing to Hungary, with a X% share of total imports. Moreover, textile tubing imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and China (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of textile tubing to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Poland ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and China (+X% per year).

Import Prices by Country

The average textile tubing import price stood at $X per ton in 2021, reducing by -X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Denmark ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform