Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Hungary - 2024
Contents:
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Hungary (FOB) - 2024
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Hungary (CIF) - 2022
- Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Hungary
- Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Hungary
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Hungary (FOB) - 2024
In March 2024, the average export price for cotton yarn (other than sewing thread), put up for retail sale amounted to $29,181 per ton, remaining relatively unchanged against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.0%. The pace of growth appeared the most rapid in January 2024 when the average export price increased by 24% against the previous month. Over the period under review, the average export prices attained the peak figure in March 2024.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($119K per ton), while the average price for exports to Switzerland ($11,222 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Hungary (CIF) - 2022
In 2022, the average import price for cotton yarn (other than sewing thread), put up for retail sale amounted to $7,897 per ton, rising by 4.1% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced reduction. The growth pace was the most rapid in 2015 when the average import price increased by 95%. As a result, import price attained the peak level of $18,001 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($19,312 per ton), while the price for Turkey ($5,657 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Hungary
In 2022, after three years of growth, there was significant decline in shipments abroad of cotton yarn (other than sewing thread), put up for retail sale, when their volume decreased by -31.5% to 398 tons. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 213% against the previous year.
In value terms, exports of cotton yarn (other than sewing thread), put up for retail sale contracted notably to $7.4M in 2022. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 30%.
| Export of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,932 | 4,997 | 4,735 | 3,494 | -3.9% |
| Italy | 472 | 569 | 875 | 692 | 13.6% |
| Turkey | 1,284 | 1,887 | 1,987 | 649 | -20.3% |
| Spain | 557 | 593 | 725 | 512 | -2.8% |
| United Kingdom | 35.1 | 585 | 1,203 | 469 | 137.3% |
| Portugal | 480 | 541 | 554 | 415 | -4.7% |
| Romania | 232 | 316 | 171 | 165 | -10.7% |
| Slovakia | 139 | 122 | 148 | 120 | -4.8% |
| Switzerland | 33.2 | 52.7 | 88.1 | 60.8 | 22.3% |
| Others | 1,201 | 1,205 | 1,509 | 835 | -11.4% |
| Total | 8,365 | 10,869 | 11,994 | 7,412 | -4.0% |
Top Export Markets for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale from Hungary in 2022:
- Germany (233.8 tons)
- Italy (33.3 tons)
- Turkey (29.8 tons)
- Spain (19.7 tons)
- Portugal (16.4 tons)
- United Kingdom (14.7 tons)
- Romania (7.2 tons)
- Slovakia (7.1 tons)
- Switzerland (6.3 tons)
Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Hungary
In 2022, approx. 137 tons of cotton yarn (other than sewing thread), put up for retail sale were imported into Hungary; surging by 36% compared with 2021. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of cotton yarn (other than sewing thread), put up for retail sale surged to $1.1M in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 51%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 261 | 362 | 455 | 544 | 27.7% |
| Germany | 62.2 | 81.4 | 98.7 | 172 | 40.4% |
| China | 39.8 | 88.3 | 116 | 134 | 49.9% |
| Poland | 0.1 | 0.6 | 0.3 | 114 | 944.6% |
| Serbia | 12.6 | 5.5 | 24.3 | 44.8 | 52.6% |
| Others | 17.2 | 54.6 | 68.6 | 74.4 | 62.9% |
| Total | 393 | 592 | 763 | 1,084 | 40.2% |
Top Suppliers of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale to Hungary in 2022:
- Turkey (96.2 tons)
- China (18.6 tons)
- Germany (8.9 tons)
- Poland (7.2 tons)
- Serbia (2.5 tons)
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