Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary - 2024
Contents:
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary (CIF) - 2024
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary (FOB) - 2022
- Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary
- Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary (CIF) - 2024
In March 2024, the average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $1,878 per ton, shrinking by -28.8% against the previous month. In general, the import price showed a mild decline. The pace of growth appeared the most rapid in February 2024 when the average import price increased by 49% month-to-month. Over the period under review, average import prices reached the maximum at $2,897 per ton in November 2023; however, from December 2023 to March 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Turkey ($4,570 per ton), while the price for India ($1,347 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Turkey (+0.0%), while the prices for the other major suppliers experienced a decline.
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary (FOB) - 2022
In 2022, the average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $4,022 per ton, with an increase of 30% against the previous year. Over the period under review, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 297%. The export price peaked at $9,215 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($4,135 per ton), while the average price for exports to Germany amounted to $2,159 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary
In 2022, approx. 9.6K tons of synthetic staple fibres, not carded, combed or otherwise processed for spinnings were imported into Hungary; with an increase of 23% on the year before. In general, imports saw significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 262%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings surged to $21M in 2022. Overall, imports, however, continue to indicate a deep contraction.
| Import of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.9 | 3.5 | 4.7 | 6.5 | 18.6% |
| Saudi Arabia | 3.1 | 4.0 | 1.7 | 5.1 | 18.1% |
| Romania | 1.9 | 1.3 | 1.9 | 2.1 | 3.4% |
| Italy | 2.8 | 2.3 | 2.5 | 1.6 | -17.0% |
| Spain | N/A | N/A | 0.1 | 1.1 | 1000.0% |
| India | N/A | N/A | N/A | 1.0 | 0% |
| Bulgaria | 0.6 | 0.5 | 0.7 | 1.0 | 18.6% |
| Belgium | 2.1 | 0.9 | 1.1 | 0.6 | -34.1% |
| Belarus | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
| Others | 22.1 | 2.0 | 2.3 | 2.1 | -54.4% |
| Total | 36.7 | 14.8 | 15.2 | 21.4 | -16.5% |
Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Hungary in 2022:
- Germany (2662.5 tons)
- Saudi Arabia (2335.6 tons)
- Romania (999.0 tons)
- Italy (736.5 tons)
- Bulgaria (600.9 tons)
- India (475.2 tons)
- Spain (407.1 tons)
- Belarus (257.6 tons)
- Belgium (166.1 tons)
Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary
For the third consecutive year, Hungary recorded decline in overseas shipments of synthetic staple fibres, not carded, combed or otherwise processed for spinnings, which decreased by -4.1% to 473 tons in 2022. Overall, exports saw a precipitous curtailment.
In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings soared to $1.9M in 2022. In general, exports saw a precipitous setback. The pace of growth was the most pronounced in 2021 with an increase of 40%.
| Export of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,377 | 631 | 1,150 | 1,548 | 4.0% |
| Germany | 849 | 134 | 274 | 170 | -41.5% |
| Slovakia | 17.1 | 104 | 7.8 | 21.5 | 7.9% |
| Turkey | 145 | 65.7 | N/A | N/A | -54.7% |
| Others | 2,801 | 151 | 93.0 | 163 | -61.2% |
| Total | 5,189 | 1,086 | 1,525 | 1,902 | -28.4% |
Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Hungary in 2022:
- Italy (374.5 tons)
- Germany (78.6 tons)
- Slovakia (4.8 tons)
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