Report Update Nov 1, 2024

Hungary - Aramids Staple - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Aramids Staple Market 2024

Aramids Staple Market Size in Hungary

In 2021, the Hungarian aramids staple market decreased by -99.9% to $X, falling for the second year in a row after two years of growth. In general, consumption faced a sharp downturn. Aramids staple consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Aramids Staple Exports

Exports from Hungary

In 2019, aramids staple exports from Hungary surged to X tons, rising by 343% compared with 2018. In general, exports posted significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 1,129%. The exports peaked at X tons in 2014; however, from 2015 to 2019, the exports failed to regain momentum.

In value terms, aramids staple exports surged to $X in 2019. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 2,010%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2019, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for aramids staple exports from Hungary, with a 77% share of total exports. Moreover, aramids staple exports to Spain exceeded the volume sent to the second major destination, Germany (X kg), threefold.

From 2012 to 2019, the average annual growth rate of volume to Spain stood at +43.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+66.7% per year) and Italy (+10.4% per year).

In value terms, Spain ($X) remains the key foreign market for aramids staple exports from Hungary, comprising 66% of total exports. The second position in the ranking was taken by Germany ($X), with a 33% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to Spain totaled +36.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+24.8% per year) and Italy (+10.8% per year).

Export Prices by Country

The average aramids staple export price stood at $X per ton in 2019, falling by -22.8% against the previous year. In general, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 72% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Italy ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.2%), while the prices for the other major destinations experienced a decline.

Aramids Staple Imports

Imports into Hungary

In 2021, supplies from abroad of aramids staple decreased by -99.9% to X kg, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 435% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, aramids staple imports declined sharply to $X in 2021. Overall, imports showed a precipitous slump. The growth pace was the most rapid in 2015 when imports increased by 239%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Singapore (X kg) was the main supplier of aramids staple to Hungary, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Singapore was relatively modest.

In value terms, Singapore ($X) constituted the largest supplier of aramids staple to Hungary.

From 2012 to 2021, the average annual growth rate of value from Singapore was relatively modest.

Import Prices by Country

The average aramids staple import price stood at $X per ton in 2021, declining by -53.3% against the previous year. Over the period under review, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 an increase of 362% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell markedly in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to -15.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aramids staple in the world?

The countries with the highest volumes of aramids staple consumption in 2020 were China, Japan and Spain, together comprising 34% of global consumption. Belgium, Germany, Turkey, Italy, the Netherlands, Pakistan, India, the United States, Taiwan Chinese) and South Korea lagged somewhat behind, together accounting for a further 48%.

What are the largest producers of aramids staple in the world?

The countries with the highest volumes of aramids staple production in 2020 were Spain, South Korea and Thailand, with a combined 69% share of global production. France, Japan, Slovakia and the United States lagged somewhat behind, together accounting for a further 27%.

What are the leading suppliers of aramids staple to Hungary?

In value terms, Japan constituted the largest supplier of aramids staple to Hungary, comprising 69% of total imports. The second position in the ranking was occupied by Germany, with an 18% share of total imports.

What are the leading importers of aramids staple from Hungary?

In value terms, Spain remains the key foreign market for aramids staple exports from Hungary, comprising 66% of total exports. The second position in the ranking was occupied by Germany, with a 33% share of total exports.

What is the average export price for aramids staple in Hungary?

The average aramids staple export price stood at $10,685 per ton in 2019, surging by 8.2% against the previous year.

What is the average import price for aramids staple in Hungary?

The average aramids staple import price stood at $14,249 per ton in 2020, with an increase of 169% against the previous year.

This report provides an in-depth analysis of the aramids staple market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20601110 - Aramids staple, not carded, combed or otherwise processed for spinning

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023