Hungary: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Hungary

The Hungarian man-made filament yarn market reduced to $X in 2022, falling by X% against the previous year. In general, consumption saw a abrupt descent. Man-made filament yarn consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Man-Made Filament Yarn Production in Hungary

In value terms, man-made filament yarn production fell to $X in 2022 estimated in export price. In general, production showed a deep setback. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Man-Made Filament Yarn Exports

Exports from Hungary

Man-made filament yarn exports from Hungary amounted to X tons in 2022, growing by X% against the year before. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, man-made filament yarn exports dropped to $X in 2022. Over the period under review, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for man-made filament yarn exports from Hungary, accounting for a X% share of total exports. Moreover, man-made filament yarn exports to Poland exceeded the volume sent to the second major destination, Romania (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and France (X% per year).

In value terms, Poland ($X) remains the key foreign market for man-made filament yarn exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and France (X% per year).

Export Prices by Country

The average man-made filament yarn export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price showed a deep contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced a decline.

Man-Made Filament Yarn Imports

Imports into Hungary

In 2022, approx. X tons of man-made filament yarn were imported into Hungary; with an increase of X% compared with 2021. In general, imports, however, showed a abrupt setback. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, man-made filament yarn imports amounted to $X in 2022. Overall, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Romania (X tons) constituted the largest supplier of man-made filament yarn to Hungary, with a X% share of total imports. Moreover, man-made filament yarn imports from Romania exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Belarus (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Romania stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Belarus (X% per year).

In value terms, Romania ($X), Germany ($X) and France ($X) constituted the largest man-made filament yarn suppliers to Hungary, with a combined X% share of total imports. China, India, Belarus, Turkey, Italy, Belgium and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average man-made filament yarn import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price, however, showed slight growth. The growth pace was the most rapid in 2018 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, 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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