Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Hungary - 2023

Contents:

1. Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Hungary (FOB) - 2023
2. Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Hungary (CIF) - 2022
3. Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in Hungary
4. Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Hungary

Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Hungary (FOB) - 2023

In October 2023, the average export price for wadding; other articles thereof, of man-made fibreses amounted to $15,132 per ton, waning by -13.3% against the previous month. In general, export price indicated a temperate expansion from October 2022 to October 2023: its price increased at an average monthly rate of +3.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for wadding; other articles thereof, of man-made fibreses decreased by -21.1% against June 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 35% m-o-m. The export price peaked at $19,181 per ton in June 2023; however, from July 2023 to October 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Armenia ($22,997 per ton), while the average price for exports to Serbia ($11,919 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Hungary (CIF) - 2022

In 2022, the average import price for wadding; other articles thereof, of man-made fibreses amounted to $13,317 per ton, leveling off at the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +8.8% 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 wadding; other articles thereof, of man-made fibreses increased by +29.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 30%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 the United States ($25,424 per ton), while the price for Romania ($6,205 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in Hungary

In 2022, after three years of growth, there was significant decline in overseas shipments of wadding; other articles thereof, of man-made fibreses, when their volume decreased by -10.8% to 6.9K tons. The total export volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 25%.

In value terms, exports of wadding; other articles thereof, of man-made fibreses shrank to $84M in 2022. The total export value increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of $92M, and then dropped in the following year.

Top Export Markets for Wadding; Other Articles Thereof, of Man-Made Fibres from Hungary in 2022:

1. Iran (1408.1 tons)
2. Germany (865.5 tons)
3. Bulgaria (803.7 tons)
4. Poland (742.5 tons)
5. United Kingdom (707.6 tons)
6. France (555.5 tons)
7. Ukraine (372.2 tons)
8. Belgium (261.2 tons)
9. Turkey (235.7 tons)
10. Romania (234.5 tons)
11. Russia (169.7 tons)
12. Serbia (158.2 tons)
13. Greece (10.3 tons)

Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Hungary

In 2022, supplies from abroad of wadding; other articles thereof, of man-made fibreses decreased by -14.1% to 315 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 9.1% against the previous year. As a result, imports attained the peak of 747 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of wadding; other articles thereof, of man-made fibreses contracted to $4.2M in 2022. Overall, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 0.1% against the previous year. As a result, imports reached the peak of $7.7M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Wadding; Other Articles Thereof, of Man-Made Fibres to Hungary in 2022:

1. Germany (79.8 tons)
2. United States (58.9 tons)
3. Lithuania (51.9 tons)
4. Italy (31.9 tons)
5. Spain (30.1 tons)
6. China (15.9 tons)
7. Romania (10.0 tons)
8. Poland (7.6 tons)

Source: IndexBox Market Intelligence Platform