Hungary: Overview of the Market for Woven Pile Fabrics And Chenille Fabrics 2019

Market Size for Woven Pile Fabrics And Chenille Fabrics in Hungary

The revenue of the pile and chenille fabric market in Hungary amounted to $X in 2018, 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). In general, pile and chenille fabric consumption continues to indicate a perceptible setback. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Hungary pile and chenille fabric consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from Hungary

In 2018, the amount of woven pile fabrics and chenille fabrics exported from Hungary totaled X tonnes, going up by X% against the previous year. Over the period under review, pile and chenille fabric exports, however, continue to indicate a moderate reduction. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, pile and chenille fabric exports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, pile and chenille fabric exports stood at $X in 2018. Over the period under review, pile and chenille fabric exports, however, continue to indicate an abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Hungary exports peaked at $X in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China dominates pile and chenille fabric exports structure, accounting for X tonnes, which was near X% of total exports in 2018. Turkey (X tonnes) took a X% share (based on tonnes) of total exports, which put it in second place, followed by Germany (X%). Belgium (X tonnes), Spain (X tonnes), the UK (X tonnes), South Korea (X tonnes), Portugal (X tonnes) and Italy (X tonnes) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, the UK (+X%), Germany (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. South Korea experienced a relatively flat trend pattern. By contrast, Belgium (-X%), Turkey (-X%), Italy (-X%) and Portugal (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China increased by +X% percentage points, while Italy (-X p.p.), Portugal (-X p.p.), Belgium (-X p.p.) and Turkey (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pile and chenille fabric supplier from Hungary, comprising X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (-X% per year) and South Korea (+X% per year).

Export Prices by Country

In 2018, the pile and chenille fabric export price in Hungary amounted to $X per tonne, lowering by -X% against the previous year. Over the period under review, the pile and chenille fabric export price continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2011 when the export price increased by X% y-o-y. In that year, the export prices for woven pile fabrics and chenille fabrics reached their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the export prices for woven pile fabrics and chenille fabrics failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was South Korea ($X per tonne), while Portugal ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into Hungary

In 2018, the amount of woven pile fabrics and chenille fabrics imported into Hungary totaled X tonnes, declining by -X% against the previous year. Over the period under review, pile and chenille fabric imports continue to indicate an abrupt deduction. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Hungary imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, pile and chenille fabric imports amounted to $X in 2018. Overall, pile and chenille fabric imports continue to indicate a temperate decline. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Hungary imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tonnes), the U.S. (X tonnes), the UK (X tonnes), Iran (X tonnes), Poland (X tonnes), Russia (X tonnes), the Czech Republic (X tonnes), Bangladesh (X tonnes), Saudi Arabia (X tonnes), Germany (X tonnes), China, Hong Kong SAR (X tonnes) and Morocco (X tonnes) represented roughly X% of total imports of woven pile fabrics and chenille fabrics in 2018.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iran, while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), the UK ($X) and the U.S. ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports. Poland, the Czech Republic, Germany, Bangladesh, Iran, Saudi Arabia, Russia, China, Hong Kong SAR, Morocco and Hungary lagged somewhat behind, together comprising a further X terms of the main importing countries, the Czech Republic recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the pile and chenille fabric import price in Hungary amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the import price indicated a prominent expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pile and chenille fabric import price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2011 when the import price increased by X% y-o-y. Hungary import price peaked in 2018 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per tonne), while Iran ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform