Price for Cotton; Yarn Waste (Including Thread Waste) in Hungary - 2023

Contents:

1. Price for Cotton; Yarn Waste (Including Thread Waste) in Hungary (CIF) - 2022
2. Price for Cotton; Yarn Waste (Including Thread Waste) in Hungary (FOB) - 2022
3. Imports of Cotton; Yarn Waste (Including Thread Waste) in Hungary
4. Exports of Cotton; Yarn Waste (Including Thread Waste) in Hungary

Price for Cotton; Yarn Waste (Including Thread Waste) in Hungary (CIF) - 2022

The average import price for cotton; yarn waste (including thread waste) stood at $10,387 per ton in 2022, growing by 75% against the previous year. Overall, the import price recorded prominent growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 323% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($10,521 per ton), while the price for Turkey stood at $4,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+26.3%).

Price for Cotton; Yarn Waste (Including Thread Waste) in Hungary (FOB) - 2022

The average export price for cotton; yarn waste (including thread waste) stood at $131 per ton in 2022, falling by -87.1% against the previous year. In general, the export price faced a significant curtailment. The pace of growth was the most pronounced in 2021 when the average export price increased by 359% against the previous year. As a result, the export price reached the peak level of $1,017 per ton, and then shrank sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for Romania.

From 2017 to 2022, the rate of growth in terms of prices for Romania amounted to -33.4% per year.

Imports of Cotton; Yarn Waste (Including Thread Waste) in Hungary

For the third year in a row, Hungary recorded decline in purchases abroad of cotton; yarn waste (including thread waste), which decreased by -31.8% to 75 kg in 2022. Over the period under review, imports showed a precipitous contraction.

In value terms, imports of cotton; yarn waste (including thread waste) surged to $779 in 2022. In general, imports showed a precipitous slump.

Top Suppliers of Cotton; Yarn Waste (Including Thread Waste) to Hungary in 2022:

1. Germany (73.0 kg)
2. Turkey (2.0 kg)

Exports of Cotton; Yarn Waste (Including Thread Waste) in Hungary

In 2022, approx. 5.1 tons of cotton; yarn waste (including thread waste) were exported from Hungary; jumping by 8,588% on the year before. In general, exports, however, continue to indicate a deep slump.

In value terms, exports of cotton; yarn waste (including thread waste) soared to $672 in 2022. Over the period under review, exports, however, continue to indicate a sharp setback.

Top Export Markets for Cotton; Yarn Waste (Including Thread Waste) from Hungary in 2022:

1. Romania (5.1 tons)

Source: IndexBox Market Intelligence Platform