Hungary: Silk Fabric Market Overview 2021

Silk Fabric Market Size in Hungary

The Hungarian silk fabric market dropped to $X in 2019, reducing by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a pronounced slump. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Silk fabric consumption peaked at $X in 2008; however, from 2009 to 2019, consumption remained at a lower figure.

Silk Fabric Exports

Exports from Hungary

In 2019, silk fabric exports from Hungary declined markedly to X square meters, waning by -X% compared with the year before. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Exports peaked at X square meters in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, silk fabric exports dropped dramatically to $X in 2019. Over the period under review, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Austria (X square meters), Romania (X square meters) and Slovakia (X square meters) were the main destinations of silk fabric exports from Hungary, with a combined X% share of total exports. Bulgaria, Slovenia, Croatia and Germany lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silk fabric exported from Hungary were Austria ($X), Romania ($X) and Slovakia ($X), together accounting for X% of total exports. These countries were followed by Croatia, Germany, Bulgaria and Slovenia, which together accounted for a further X the main countries of destination, Slovenia (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silk fabric export price stood at $X per square meter in 2019, reducing by -X% against the previous year. Overall, the export price showed a perceptible descent. The pace of growth was the most pronounced in 2016 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Croatia ($X per square meter), while the average price for exports to Bulgaria ($X per square meter) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Croatia, while the prices for the other major destinations experienced more modest paces of growth.

Silk Fabric Imports

Imports into Hungary

In 2019, the amount of woven fabrics of silk or of silk waste imported into Hungary dropped remarkably to X square meters, with a decrease of -X% compared with 2018. Overall, imports saw a perceptible decline. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. Imports peaked at X square meters in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, silk fabric imports contracted remarkably to $X in 2019. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Italy (X square meters) constituted the largest silk fabric supplier to Hungary, accounting for a X% share of total imports. Moreover, silk fabric imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X square meters), eightfold. Austria (X square meters) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Italy amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Austria (-X% per year).

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

From 2007 to 2019, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-X% per year) and Germany (-X% per year).

Import Prices by Country

In 2019, the average silk fabric import price amounted to $X per square meter, with a decrease of -X% against the previous year. In general, the import price saw a noticeable decrease. The growth pace was the most rapid in 2012 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per square meter. From 2013 to 2019, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Austria ($X per square meter), while the price for the Netherlands ($X per square meter) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Austria, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for woven fabrics of silk or of silk waste in the world?

+

The countries with the highest volumes of silk fabric consumption in 2019 were China (445M square meters), Russia (369M square meters) and the U.S. (163M square meters), together accounting for 55% of global consumption.

What are the largest producers of woven fabrics of silk or of silk waste in the world?

+

The countries with the highest volumes of silk fabric production in 2019 were China (453M square meters), Russia (369M square meters) and the U.S. (162M square meters), with a combined 56% share of global production.

What are the leading suppliers of woven fabrics of silk or of silk waste to Hungary?

+

In value terms, Italy ($1.9M) constituted the largest supplier of silk fabric to Hungary, comprising 69% of total imports. The second position in the ranking was occupied by Austria ($309K), with a 11% share of total imports. It was followed by Germany, with a 7.9% share.

What are the leading importers of woven fabrics of silk or of silk waste from Hungary?

+

In value terms, Austria ($71K), Romania ($63K) and Slovakia ($36K) appeared to be the largest markets for silk fabric exported from Hungary worldwide, with a combined 73% share of total exports. Croatia, Germany, Bulgaria and Slovenia lagged somewhat behind, together accounting for a further 21%.

What is the average export price for woven fabrics of silk or of silk waste in Hungary?

+

The average silk fabric export price stood at $72 per square meter in 2019, dropping by -29.3% against the previous year.

What is the average import price for woven fabrics of silk or of silk waste in Hungary?

+

In 2019, the average silk fabric import price amounted to $87 per square meter, declining by -6% against the previous year.