Hungary: Market for Flax, Tow And Waste 2022

Market Size for Flax, Tow And Waste in Hungary

The Hungarian flax, tow and waste market fell modestly to $X in 2021, waning by less than X% against the previous year. Over the period under review, consumption, however, continues to indicate significant growth. Flax, tow and waste consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Flax, Tow And Waste in Hungary

In value terms, flax, tow and waste production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Flax, tow and waste production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

The average yield of flax, tow and waste in Hungary totaled less than X kg per ha in 2021, remaining stable against the previous year's figure. In general, the yield recorded 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.

In 2021, approx. less than X ha of flax, tow and waste were harvested in Hungary; flattening at the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern.

Exports of Flax, Tow And Waste

Exports from Hungary

In 2021, shipments abroad of flax, tow and waste was finally on the rise to reach X tons after four years of decline. In general, exports, however, showed a precipitous decline. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, flax, tow and waste exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a sharp shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X tons), the UK (X tons) and Canada (X tons) were the main destinations of flax, tow and waste exports from Hungary, with a combined X% share of total exports. Iceland and the United States lagged somewhat behind, together comprising 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 the United States (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and the UK ($X) were the largest markets for flax, tow and waste exported from Hungary worldwide, together comprising X% of total exports. The United States and Iceland lagged somewhat behind, together accounting for a further X United States, with a CAGR of +X%, saw the highest rates of growth with regard to 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

In 2021, the average flax, tow and waste export price amounted to $X per ton, rising by less than X% against the previous year. Overall, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2020 an increase of X%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($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 the United States (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flax, Tow And Waste

Imports into Hungary

In 2021, supplies from abroad of flax, tow and waste was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, flax, tow and waste imports expanded slightly to $X in 2021. In general, imports, however, showed a dramatic descent. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Lithuania (X tons) was the main supplier of flax, tow and waste to Hungary, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Lithuania totaled -X%.

In value terms, Lithuania ($X) constituted the largest supplier of flax, tow and waste to Hungary.

From 2012 to 2021, the average annual rate of growth in terms of value from Lithuania amounted to -X%.

Import Prices by Country

In 2021, the average flax, tow and waste import price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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