Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hungary - 2024

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hungary (FOB) - 2024
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hungary (CIF) - 2022
3. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hungary
4. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hungary

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hungary (FOB) - 2024

The average export price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $387 per thousand square meters in March 2024, growing by 5.3% against the previous month. Over the period from March 2023 to March 2024, it increased at an average monthly rate of +1.0%. The pace of growth appeared the most rapid in November 2023 when the average export price increased by 18% m-o-m. As a result, the export price attained the peak level of $0.4 per square meter. From December 2023 to March 2024, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In March 2024, the country with the highest price was Ukraine ($513 per thousand square meters), while the average price for exports to Serbia ($329 per thousand square meters) 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 (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hungary (CIF) - 2022

In 2022, the average import price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.7 per square meter, growing by 37% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.8% 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, woven; from strip or the like, of synthetic textile materialses increased by +100.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 46%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Germany ($2.9 per square meter), while the price for China ($0.3 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hungary

In 2022, shipments abroad of fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -63.1% to 68M square meters for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 23%. Over the period under review, the exports of fabrics, woven; from strip or like, of synthetic textile materialses reached the peak figure at 184M square meters in 2021, and then contracted markedly in the following year.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses dropped remarkably to $26M in 2022. In general, exports saw a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 46%. As a result, the exports attained the peak of $54M, and then dropped notably in the following year.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Hungary in 2022:

1. Germany (29.4M square meters)
2. United Kingdom (8.6M square meters)
3. Belgium (8.1M square meters)
4. Belarus (4.2M square meters)
5. France (3.3M square meters)
6. Egypt (2.6M square meters)
7. Netherlands (2.3M square meters)
8. Libya (2.2M square meters)
9. Serbia (2.2M square meters)
10. Ukraine (1.0M square meters)
11. United States (0.7M square meters)

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hungary

In 2022, overseas purchases of fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -20.2% to 5.6M square meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 41% against the previous year. Imports peaked at 7M square meters in 2021, and then dropped remarkably in the following year.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses expanded significantly to $4M in 2022. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Hungary in 2022:

1. Serbia (1716.1K square meters)
2. Czech Republic (964.1K square meters)
3. Belgium (634.8K square meters)
4. Greece (474.7K square meters)
5. China (322.8K square meters)
6. Romania (304.9K square meters)
7. Italy (278.0K square meters)
8. Germany (273.3K square meters)
9. Poland (260.8K square meters)

Source: IndexBox Market Intelligence Platform