Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hungary - 2023

Contents:

1. Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hungary (CIF) - 2022
2. Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hungary (FOB) - 2022
3. Imports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hungary
4. Exports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hungary

Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hungary (CIF) - 2022

The average import price for fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds stood at $9,478 per ton in 2022, approximately equating the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds increased by +21.9% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 36%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovenia ($27,563 per ton), while the price for Serbia ($5,090 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hungary (FOB) - 2022

In 2022, the average export price for fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds amounted to $15,199 per ton, increasing by 26% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds increased by +116.9% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 48% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($44,888 per ton), while the average price for exports to Moldova ($7,922 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 Slovenia (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hungary

In 2022, overseas purchases of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds decreased by -4.7% to 479 tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 3.6%. As a result, imports attained the peak of 505 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds fell to $4.5M in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. As a result, imports reached the peak of $4.7M, and then contracted modestly in the following year.

Top Suppliers of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted to Hungary in 2022:

1. China (352.6 tons)
2. Spain (80.3 tons)
3. Netherlands (22.5 tons)
4. Germany (7.6 tons)
5. Serbia (4.9 tons)

Exports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hungary

After three years of growth, overseas shipments of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds decreased by -5.1% to 96 tons in 2022. The total export volume increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 27%.

In value terms, exports of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds skyrocketed to $1.5M in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 64%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted from Hungary in 2022:

1. Czech Republic (21.3 tons)
2. Costa Rica (14.1 tons)
3. Croatia (11.5 tons)
4. Slovakia (11.3 tons)
5. Romania (10.9 tons)
6. Austria (4.1 tons)
7. Sweden (3.9 tons)
8. Bosnia and Herzegovina (3.2 tons)
9. Serbia (3.1 tons)
10. Slovenia (3.0 tons)
11. Moldova (2.6 tons)
12. North Macedonia (1.8 tons)

Source: IndexBox Market Intelligence Platform