Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hungary - 2024

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hungary (CIF) - 2022
2. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hungary (FOB) - 2022
3. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hungary
4. Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hungary

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hungary (CIF) - 2022

The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $5,742 per ton in 2022, growing by 38% against the previous year. Overall, the import price showed a significant increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 152% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,786 per ton), while the price for Turkey totaled $1,410 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hungary (FOB) - 2022

In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $208 per ton, declining by -8.9% against the previous year. Over the period under review, the export price showed a deep setback. The pace of growth was the most pronounced in 2013 an increase of 412%. The export price peaked at $4,264 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -9.1% per year.

Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hungary

In 2022, overseas purchases of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses were finally on the rise to reach 107 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a dramatic slump.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses skyrocketed to $616K in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres to Hungary in 2022:

1. Germany (106.2 tons)
2. Turkey (1.1 tons)

Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hungary

Exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses from Hungary skyrocketed to 1.4K tons in 2022, picking up by 47% compared with the previous year. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 219%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses soared to $289K in 2022. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 185%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from Hungary in 2022:

1. Turkey (1389.3 tons)

Source: IndexBox Market Intelligence Platform