Hungary: Market for High-Tenacity Filament Yarn Of Aramids 2025

Market Size for High-Tenacity Filament Yarn Of Aramids in Hungary

After three years of growth, the Hungarian high-tenacity filament aramids yarn market decreased by -31.9% to $X in 2022. Overall, consumption recorded a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from Hungary

After two years of growth, overseas shipments of high-tenacity filament yarn of aramids decreased by -93.3% to X kg in 2022. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 3,839%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn exports reduced dramatically to $X in 2022. Over the period under review, exports showed a abrupt decline. The growth pace was the most rapid in 2018 when exports increased by 469% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X kg), Switzerland (X kg) and the United States (X kg) were the main destinations of high-tenacity filament aramids yarn exports from Hungary, together comprising 98% of total exports. Slovakia lagged somewhat behind, comprising a further 1.7%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +42.9%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Switzerland ($X) and the United States ($X) were the largest markets for high-tenacity filament aramids yarn exported from Hungary worldwide, with a combined 98% share of total exports. These countries were followed by Slovakia, which accounted for a further 1.6%.

Slovakia, with a CAGR of +25.9%, 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

The average high-tenacity filament aramids yarn export price stood at $X per ton in 2022, with an increase of 175% against the previous year. Overall, the export price, however, showed a slight descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 218%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.4%), while the prices for the other major destinations experienced a decline.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into Hungary

After four years of growth, supplies from abroad of high-tenacity filament yarn of aramids decreased by -31.4% to X tons in 2022. Over the period under review, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 9.4% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, high-tenacity filament aramids yarn imports declined rapidly to $X in 2022. Overall, imports faced a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Luxembourg (X tons) and Germany (X tons) were the main suppliers of high-tenacity filament aramids yarn imports to Hungary, with a combined 98% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Luxembourg (with a CAGR of +6.3%), while imports for the other leaders experienced a decline.

In value terms, the Netherlands ($X), Luxembourg ($X) and Germany ($X) appeared to be the largest high-tenacity filament aramids yarn suppliers to Hungary, with a combined 97% share of total imports.

Luxembourg, with a CAGR of +11.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average high-tenacity filament aramids yarn import price amounted to $X per ton, waning by -5.4% against the previous year. Overall, the import price continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 5.6%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($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 (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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