Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Hungary - 2023

Contents:

1. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Hungary (CIF) - 2022
2. Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Hungary (FOB) - 2022
3. Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Hungary
4. Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Hungary

Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Hungary (CIF) - 2022

The average import price for yarn; of jute or of other textile bast fibres, singles stood at $1,843 per ton in 2022, declining by -22.2% against the previous year. In general, the import price recorded a pronounced reduction. The pace of growth was the most pronounced in 2021 when the average import price increased by 27% against the previous year. As a result, import price attained the peak level of $2,370 per ton, and then declined sharply in the following year.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Slovenia amounted to -0.5% per year.

Price for Yarn; of Jute or of Other Textile Bast Fibres, Single in Hungary (FOB) - 2022

The average export price for yarn; of jute or of other textile bast fibres, singles stood at $2,816 per ton in 2022, picking up by 7.5% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for yarn; of jute or of other textile bast fibres, singles increased by +53.5% against 2018 indices. The growth pace was the most rapid in 2021 when the average export price increased by 48%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Serbia amounted to +0.9% per year.

Imports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Hungary

Imports of yarn; of jute or of other textile bast fibres, singles into Hungary soared to 226 tons in 2022, rising by 17% against 2021. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of yarn; of jute or of other textile bast fibres, singles dropped to $417K in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 69% against the previous year. As a result, imports reached the peak of $458K, and then reduced in the following year.

Top Suppliers of Yarn; of Jute or of Other Textile Bast Fibres, Single to Hungary in 2022:

1. Germany (225.9 tons)

Exports of Yarn; of Jute or of Other Textile Bast Fibres, Single in Hungary

In 2022, overseas shipments of yarn; of jute or of other textile bast fibres, singles decreased by -70.4% to 5.4 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a dramatic shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 40% against the previous year. As a result, the exports attained the peak of 18 tons, and then fell dramatically in the following year.

In value terms, exports of yarn; of jute or of other textile bast fibres, singles reduced dramatically to $15K in 2022. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 107%. As a result, the exports reached the peak of $47K, and then declined significantly in the following year.

Top Export Markets for Yarn; of Jute or of Other Textile Bast Fibres, Single from Hungary in 2022:

1. Serbia (5.3 tons)

Source: IndexBox Market Intelligence Platform