Hungary: Market for Braids In The Piece, Tassels And Pompons, Ornamental Trimmings 2022

Market Size for Braids In The Piece, Tassels And Pompons, Ornamental Trimmings in Hungary

The Hungarian market for braids in the piece, tassels and pompons, ornamental trimmings fell to $X in 2021, with a decrease of -X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings in Hungary

In value terms, production of braids in the piece, tassels and pompons, ornamental trimmings reduced rapidly to $X in 2021 estimated in export price. Over the period under review, production saw a pronounced curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production of braids in piece, tassels and pompons, ornamental trimmings attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings

Exports from Hungary

In 2021, overseas shipments of braids in the piece, tassels and pompons, ornamental trimmings decreased by -X% to X tons, falling for the second consecutive year after six years of growth. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports of braids in piece, tassels and pompons, ornamental trimmings reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of braids in the piece, tassels and pompons, ornamental trimmings rose significantly to $X in 2021. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports by Country

France (X tons), Slovakia (X tons) and Ukraine (X tons) were the main destinations of exports of braids in the piece, tassels and pompons, ornamental trimmings from Hungary, with a combined X% share of total exports. These countries were followed by Bulgaria, Romania, North Macedonia, Poland and Portugal, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for braids, tassels, pompons and ornamental trimmings exported from Hungary were France ($X), Bulgaria ($X) and Ukraine ($X), with a combined X% share of total exports. Slovakia, Poland, North Macedonia, Romania and Portugal lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for braids in the piece, tassels and pompons, ornamental trimmings stood at $X per ton in 2021, growing by X% against the previous year. Over the period under review, the export price, however, showed a noticeable shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+X%), while the prices for the other major destinations experienced a decline.

Imports of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings

Imports into Hungary

Imports of braids in the piece, tassels and pompons, ornamental trimmings into Hungary dropped to X tons in 2021, with a decrease of -X% against 2020 figures. Over the period under review, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports of braids in piece, tassels and pompons, ornamental trimmings attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of braids in the piece, tassels and pompons, ornamental trimmings declined to $X in 2021. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest braids, tassels, pompons and ornamental trimmings supplier to Hungary, with a X% share of total imports. Moreover, imports of braids in the piece, tassels and pompons, ornamental trimmings from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Turkey (+X% per year).

In value terms, Germany ($X), France ($X) and Turkey ($X) appeared to be the largest braids, tassels, pompons and ornamental trimmings suppliers to Hungary, with a combined X% share of total imports.

In terms of the main suppliers, France, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for braids in the piece, tassels and pompons, ornamental trimmings stood at $X per ton in 2021, growing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform