Hungary: Textile Relling Machine Market 2024

Textile Relling Machine Market Size in Hungary

In 2021, the Hungarian textile relling machine market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Textile relling machine consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Textile Relling Machine Production in Hungary

In value terms, textile relling machine production stood at $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 24%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Textile Relling Machine Exports

Exports from Hungary

In 2021, overseas shipments of machines for reeling, unreeling or textile fabrics increased by 8% to X units, rising for the third year in a row after two years of decline. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 29,300%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, textile relling machine exports rose remarkably to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 549%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Germany (X units) was the main destination for textile relling machine exports from Hungary, with a 94% share of total exports. It was followed by Ukraine (X units), with a 2.6% share of total exports. The third position in this ranking was held by Kosovo (X units), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +114.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-6.2% per year) and Kosovo (0.0% per year).

In value terms, Germany ($X) remains the key foreign market for machines for reeling, unreeling or textile fabrics exports from Hungary, comprising 98% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 1% share of total exports. It was followed by Kosovo, with a 0.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +110.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-22.2% per year) and Kosovo (0.0% per year).

Export Prices by Country

The average textile relling machine export price stood at $X per unit in 2021, standing approx. at the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 4,939%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Moldova ($X per unit), while the average price for exports to Kosovo ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+45.9%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Relling Machine Imports

Imports into Hungary

In 2021, overseas purchases of machines for reeling, unreeling or textile fabrics increased by 99% to X units, rising for the third consecutive year after two years of decline. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2019 with an increase of 346%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, textile relling machine imports expanded remarkably to $X in 2021. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 441%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest textile relling machine supplier to Hungary, with a 33% share of total imports. Moreover, textile relling machine imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +47.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+43.5% per year) and Taiwan (Chinese) (+49.5% per year).

In value terms, the largest textile relling machine suppliers to Hungary were Germany ($X), Taiwan (Chinese) ($X) and the Netherlands ($X), with a combined 74% share of total imports. Italy, Turkey, China, Ukraine and Slovakia lagged somewhat behind, together accounting for a further 22%.

Among the main suppliers, Turkey, with a CAGR of +131.6%, saw 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 textile relling machine import price stood at $X per unit in 2021, dropping by -46.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 443%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovakia ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+45.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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