Hungary: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Hungary

In 2022, the Hungarian man-made filament fabric market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a perceptible descent. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Man-Made Filament Fabric Production in Hungary

In value terms, man-made filament fabric production surged to $X in 2022 estimated in export price. In general, production, however, showed a deep slump. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Man-Made Filament Fabric Exports

Exports from Hungary

In 2022, overseas shipments of woven fabrics of man-made filaments and staple fibers decreased by X% to X square meters for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, man-made filament fabric exports dropped dramatically to $X in 2022. Overall, exports recorded a noticeable reduction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X square meters), the UK (X square meters) and the Netherlands (X square meters) were the main destinations of man-made filament fabric exports from Hungary, together comprising X% of total exports. Belgium, Romania, France, Libya, Ukraine, Serbia, Denmark, Egypt, Italy and North Macedonia lagged somewhat behind, together comprising a further X%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and the Netherlands ($X) were the largest markets for man-made filament fabric exported from Hungary worldwide, with a combined X% share of total exports.

The UK, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2021, the average man-made filament fabric export price amounted to $X per square meter, dropping by X% against the previous year. Overall, the export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked at $X per square meter in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per square meter), while the average price for exports to the Netherlands ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Fabric Imports

Imports into Hungary

After three years of growth, supplies from abroad of woven fabrics of man-made filaments and staple fibers decreased by X% to X square meters in 2022. Over the period under review, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2021, and then shrank in the following year.

In value terms, man-made filament fabric imports declined slightly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X square meters), Pakistan (X square meters) and Germany (X square meters) were the main suppliers of man-made filament fabric imports to Hungary, with a combined X% share of total imports. Turkey, Slovenia, Romania, Belgium, the Czech Republic, Italy, Austria, Taiwan (Chinese), Serbia and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of woven fabrics of man-made filaments and staple fibers to Hungary, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

Import Prices by Country

In 2021, the average man-made filament fabric import price amounted to $X per square meter, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2017 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Serbia ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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