Hungary: Cotton Lint Market 2024

Cotton Lint Market Size in Hungary

The Hungarian cotton lint market soared to $X in 2022, growing by 3,517% against the previous year. Over the period under review, consumption, however, saw a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cotton Lint Production in Hungary

In value terms, cotton lint production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production showed a mild curtailment. The growth pace was the most rapid in 2018 when the production volume increased by 6.4%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of cotton lint in Hungary amounted to less than X kg per ha in 2022, approximately equating the previous year's figure. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cotton lint harvested area in Hungary totaled less than X ha in 2022, stabilizing at 2021. In general, the harvested area showed a relatively flat trend pattern.

Cotton Lint Exports

Exports from Hungary

Cotton lint exports from Hungary declined significantly to X tons in 2022, dropping by -20.7% compared with 2021 figures. Overall, exports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2014 with an increase of 219% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, cotton lint exports expanded significantly to $X in 2022. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 218% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons), Italy (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of cotton lint exports from Hungary, together accounting for 85% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +151.7%), while the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X), Italy ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for cotton lint exported from Hungary worldwide, with a combined 84% share of total exports.

The Czech Republic, with a CAGR of +160.6%, saw 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 cotton lint export price stood at $X per ton in 2022, surging by 35% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton lint export price increased by +59.5% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Bosnia and Herzegovina ($X per ton) and Italy ($X per ton), while the average price for exports to the Czech Republic ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Lint Imports

Imports into Hungary

In 2022, after three years of decline, there was significant growth in supplies from abroad of cotton lint, when their volume increased by 46% to X tons. In general, imports, however, recorded a drastic downturn. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, cotton lint imports surged to $X in 2022. Over the period under review, imports, however, recorded a deep contraction. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of cotton lint to Hungary, accounting for a 56% share of total imports. Moreover, cotton lint imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by Bosnia and Herzegovina (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic totaled +64.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-15.3% per year) and Bosnia and Herzegovina (-5.6% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of cotton lint to Hungary, comprising 49% of total imports. The second position in the ranking was held by Italy ($X), with an 18% share of total imports. It was followed by Bosnia and Herzegovina, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic amounted to +68.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-16.7% per year) and Bosnia and Herzegovina (-0.5% per year).

Import Prices by Country

The average cotton lint import price stood at $X per ton in 2022, jumping by 53% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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