Flax Yarn Price in Hungary - 2023
Contents:
- Flax Yarn Price in Hungary (CIF) - 2023
- Flax Yarn Price in Hungary (FOB) - 2022
- Flax Yarn Imports in Hungary
- Flax Yarn Exports in Hungary
Flax Yarn Price in Hungary (CIF) - 2023
In June 2023, the average flax yarn import price amounted to $25,600 per ton, increasing by 52% against the previous month. Overall, the import price posted a strong increase. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 138% month-to-month. Over the period under review, average import prices attained the maximum in June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Romania ($94,325 per ton), while the price for Italy totaled $23,209 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Romania (+96.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Flax Yarn Price in Hungary (FOB) - 2022
The average flax yarn export price stood at $59,019 per ton in 2022, with an increase of 66% against the previous year. Over the period under review, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 130% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($115,494 per ton), while the average price for exports to Romania ($12,166 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 Spain (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.
Flax Yarn Imports in Hungary
For the fourth consecutive year, Hungary recorded growth in purchases abroad of flax yarns, which increased by 14% to 277 tons in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 131% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, flax yarn imports expanded significantly to $3.4M in 2022. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 135% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Flax Yarn in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,733 | 1,056 | 2,539 | 2,909 | 18.8% |
| France | 192 | 74.5 | 280 | 231 | 6.4% |
| Egypt | 83.2 | 116 | 155 | 204 | 34.8% |
| Others | 58.3 | 27.6 | 21.1 | 43.3 | -9.4% |
| Total | 2,066 | 1,274 | 2,994 | 3,388 | 17.9% |
Top Suppliers of Flax Yarn to Hungary in 2022:
- Italy (188.4 tons)
- Egypt (71.1 tons)
- France (12.8 tons)
Flax Yarn Exports in Hungary
Flax yarn exports from Hungary contracted markedly to 9.5 tons in 2022, declining by -36.1% compared with the previous year's figure. Over the period under review, exports continue to indicate a precipitous descent. The smallest decline of -18.5% was in 2021.
In value terms, flax yarn exports rose remarkably to $558K in 2022. Overall, exports recorded a dramatic downturn.
| Export of Flax Yarn in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 244 | 62.7 | 135 | 180 | -9.6% |
| France | 114 | 71.2 | 84.7 | 79.7 | -11.2% |
| India | 56.2 | 16.4 | 54.8 | 73.5 | 9.4% |
| Australia | 52.5 | 29.1 | 29.5 | 65.4 | 7.6% |
| Germany | 105 | 36.7 | 33.6 | 38.4 | -28.5% |
| United Kingdom | 210 | 160 | 30.4 | 34.6 | -45.2% |
| Switzerland | 77.5 | 71.2 | 79.8 | 11.2 | -47.5% |
| Romania | 0.9 | N/A | N/A | 10.5 | 126.8% |
| Italy | 62.2 | 7.9 | 12.5 | 7.3 | -51.0% |
| Belgium | 664 | 5.2 | 3.3 | 3.8 | -82.1% |
| Sweden | 46.9 | 0.5 | 0.7 | 1.3 | -69.7% |
| Austria | 46.1 | N/A | 0.3 | 1.1 | -71.2% |
| Others | 127 | 66.4 | 60.9 | 51.6 | -25.9% |
| Total | 1,806 | 527 | 526 | 558 | -32.4% |
Top Export Markets for Flax Yarn from Hungary in 2022:
- Australia (1733.0 kg)
- United States (1661.0 kg)
- India (1060.0 kg)
- France (1057.0 kg)
- Romania (862.0 kg)
- United Kingdom (760.0 kg)
- Switzerland (497.0 kg)
- Germany (350.0 kg)
- Italy (151.0 kg)
- Sweden (38.0 kg)
- Belgium (38.0 kg)
- Austria (11.0 kg)
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