Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Hungary - 2024
Contents:
- Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Hungary (CIF) - 2024
- Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Hungary (FOB) - 2022
- Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Hungary
- Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Hungary
Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Hungary (CIF) - 2024
The average import price for textile fabrics; tyrecord of high tenacity yarn of polyesters stood at $4,534 per ton in January 2024, growing by 11% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 46% m-o-m. As a result, import price reached the peak level of $5,503 per ton. From December 2023 to January 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Luxembourg ($17,812 per ton), while the price for Vietnam ($3,196 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Luxembourg (+1.0%), while the prices for the other major suppliers experienced a decline.
Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Hungary (FOB) - 2022
The average export price for textile fabrics; tyrecord of high tenacity yarn of polyesters stood at $16,240 per ton in 2022, picking up by 8.6% against the previous year. Over the period under review, the export price recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 an increase of 140% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($17,907 per ton), while the average price for exports to India ($1,043 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 Spain (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Hungary
Imports of textile fabrics; tyrecord of high tenacity yarn of polyesters into Hungary expanded rapidly to 9.9K tons in 2022, with an increase of 14% compared with the year before. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 17% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of polyesters soared to $44M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 1.0 | 7.3 | 14.3 | 278.2% |
| China | 8.2 | 8.1 | 9.0 | 12.0 | 13.5% |
| Turkey | 4.4 | 2.2 | 4.8 | 5.2 | 5.7% |
| Luxembourg | 2.2 | 2.3 | 4.3 | 5.1 | 32.3% |
| South Korea | 13.3 | 9.2 | 6.6 | 3.4 | -36.5% |
| Poland | 2.6 | 1.8 | 1.3 | 2.9 | 3.7% |
| Others | 2.2 | 1.5 | 1.1 | 1.1 | -20.6% |
| Total | 32.9 | 26.1 | 34.4 | 44.1 | 10.3% |
Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester to Hungary in 2022:
- Vietnam (3.6K tons)
- China (3.5K tons)
- Turkey (1.4K tons)
- South Korea (0.8K tons)
- Poland (0.3K tons)
- Luxembourg (0.2K tons)
Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Hungary
Exports of textile fabrics; tyrecord of high tenacity yarn of polyesters from Hungary contracted significantly to 802 tons in 2022, dropping by -55.6% against the previous year. In general, exports faced a sharp contraction. The pace of growth was the most pronounced in 2021 with an increase of 9.2%.
In value terms, exports of textile fabrics; tyrecord of high tenacity yarn of polyesters fell rapidly to $13M in 2022. Overall, exports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year.
| Export of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 9.8 | 8.5 | 10.4 | 5.2 | -19.0% |
| Poland | 7.1 | 6.5 | 5.7 | 2.7 | -27.6% |
| Italy | 2.2 | 4.7 | 5.8 | 2.4 | 2.9% |
| Germany | 4.2 | 2.0 | 3.9 | 2.1 | -20.6% |
| Romania | 5.1 | 1.7 | 0.2 | 0.5 | -53.9% |
| France | 0.2 | 0.5 | 0.4 | 0.2 | 0.0% |
| India | N/A | N/A | N/A | 0.1 | 0% |
| Serbia | N/A | 0.2 | 0.5 | N/A | 150.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 28.8 | 24.0 | 27.0 | 13.1 | -23.1% |
Top Export Markets for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester from Hungary in 2022:
- Spain (290.4 tons)
- Poland (158.5 tons)
- Italy (137.5 tons)
- Germany (117.1 tons)
- India (52.7 tons)
- Romania (32.9 tons)
- France (12.5 tons)
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