Price for Embroidery; in the Piece, in Strips or in Motifs in Hungary - 2023
Contents:
- Price for Embroidery; in the Piece, in Strips or in Motifs in Hungary (CIF) - 2022
- Price for Embroidery; in the Piece, in Strips or in Motifs in Hungary (FOB) - 2022
- Imports of Embroidery; in the Piece, in Strips or in Motifs in Hungary
- Exports of Embroidery; in the Piece, in Strips or in Motifs in Hungary
Price for Embroidery; in the Piece, in Strips or in Motifs in Hungary (CIF) - 2022
In 2022, the average import price for embroidery; in the piece, in strips or in motifses amounted to $104,523 per ton, with a decrease of -7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 184% against the previous year. Over the period under review, average import prices hit record highs at $113,755 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($264,459 per ton), while the price for Slovakia ($17,929 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Embroidery; in the Piece, in Strips or in Motifs in Hungary (FOB) - 2022
The average export price for embroidery; in the piece, in strips or in motifses stood at $43,102 per ton in 2022, with a decrease of -17.3% against the previous year. Over the period under review, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 173%. Over the period under review, the average export prices reached the peak figure at $206,759 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($101,291 per ton), while the average price for exports to Serbia ($12,653 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 Slovakia (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Embroidery; in the Piece, in Strips or in Motifs in Hungary
In 2022, imports of embroidery; in the piece, in strips or in motifses into Hungary dropped remarkably to 24 tons, which is down by -28.3% compared with the year before. Over the period under review, imports faced a precipitous shrinkage.
In value terms, imports of embroidery; in the piece, in strips or in motifses fell notably to $2.5M in 2022. In general, imports recorded a dramatic decline. The smallest decline of -15.3% was in 2021.
| Import of Embroidery; in the Piece, in Strips or in Motifs in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,346 | 1,840 | 1,644 | 1,189 | -20.3% |
| Austria | 1,653 | 1,045 | 1,617 | 599 | -28.7% |
| China | 1,364 | 790 | 81.5 | 292 | -40.2% |
| Italy | 278 | 120 | 164 | 80.1 | -34.0% |
| Turkey | 526 | 544 | 116 | 72.9 | -48.2% |
| India | 24.6 | 15.5 | 16.4 | 58.4 | 33.4% |
| Latvia | 56.3 | 35.0 | 13.7 | 43.7 | -8.1% |
| Slovakia | N/A | 3.8 | 1.4 | 10.2 | 63.8% |
| Others | 407 | 120 | 170 | 203 | -20.7% |
| Total | 6,655 | 4,514 | 3,824 | 2,549 | -27.4% |
Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to Hungary in 2022:
- China (7.3 tons)
- Germany (6.3 tons)
- Turkey (4.0 tons)
- Austria (2.3 tons)
- Latvia (0.9 tons)
- India (0.8 tons)
- Slovakia (0.6 tons)
- Italy (0.4 tons)
Exports of Embroidery; in the Piece, in Strips or in Motifs in Hungary
For the fourth year in a row, Hungary recorded growth in shipments abroad of embroidery; in the piece, in strips or in motifses, which increased by 55% to 21 tons in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 186%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of embroidery; in the piece, in strips or in motifses soared to $912K in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 33% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Embroidery; in the Piece, in Strips or in Motifs in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 51.3 | 337 | 243 | 390 | 96.6% |
| Germany | 38.6 | 33.2 | 65.2 | 95.1 | 35.1% |
| Croatia | 51.4 | 27.0 | 109 | 88.4 | 19.8% |
| Romania | 80.5 | 66.3 | 121 | 86.5 | 2.4% |
| Serbia | 21.6 | 7.5 | 8.4 | 41.2 | 24.0% |
| Austria | 55.2 | 18.0 | 48.1 | 32.5 | -16.2% |
| Slovenia | 8.4 | 3.5 | 13.3 | 25.2 | 44.2% |
| Italy | 10.3 | 208 | 2.0 | 4.1 | -26.4% |
| Others | 230 | 25.9 | 99.0 | 149 | -13.5% |
| Total | 547 | 726 | 709 | 912 | 18.6% |
Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Hungary in 2022:
- Croatia (5.2 tons)
- Slovakia (3.9 tons)
- Romania (3.5 tons)
- Serbia (3.3 tons)
- Germany (1.5 tons)
- Austria (0.8 tons)
- Slovenia (0.7 tons)
- Italy (0.2 tons)
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