Hungary: Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides 2024

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Hungary

The Hungarian high-tenacity filament nylon yarn market soared to $X in 2022, growing by 63% against the previous year. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2022: its value 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, consumption increased by +127.1% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Hungary

In value terms, high-tenacity filament nylon yarn production reduced to $X in 2022 estimated in export price. In general, production posted a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 125% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports from Hungary

After two years of growth, overseas shipments of high-tenacity filament yarn of nylon or other polyamides decreased by -15.7% to X tons in 2022. Over the period under review, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2015 when exports increased by 613%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn exports fell dramatically to $X in 2022. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 1,042% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons), Portugal (X tons) and the Czech Republic (X tons) were the main destinations of high-tenacity filament nylon yarn exports from Hungary, with a combined 89% share 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 Portugal (with a CAGR of +8.7%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for high-tenacity filament nylon yarn exported from Hungary were Portugal ($X), Poland ($X) and the Czech Republic ($X), with a combined 85% share of total exports.

Poland, with a CAGR of +11.6%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average high-tenacity filament nylon yarn export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2016 an increase of 64%. The export price peaked at $X per ton in 2019; however, from 2020 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 ($X per ton), while the average price for exports to Poland ($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 Italy (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports into Hungary

High-tenacity filament nylon yarn imports into Hungary skyrocketed to X tons in 2022, with an increase of 25% against the previous year. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn imports skyrocketed to $X in 2022. In general, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +149.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), China (X tons) and Slovakia (X tons) were the main suppliers of high-tenacity filament nylon yarn imports to Hungary, with a combined 78% share of total imports. Poland and Italy lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +80.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Slovakia ($X) appeared to be the largest high-tenacity filament nylon yarn suppliers to Hungary, with a combined 70% share of total imports. Poland and Italy lagged somewhat behind, together accounting for a further 24%.

Italy, with a CAGR of +120.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average high-tenacity filament nylon yarn import price stood at $X per ton in 2022, picking up by 36% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, high-tenacity filament nylon yarn import price increased by +102.7% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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