Hungary: Narrow Woven Fabric Market 2025

Narrow Woven Fabric Market Size in Hungary

In 2021, the Hungarian narrow woven fabric market increased by 7.4% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption continues to indicate noticeable growth. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Narrow Woven Fabric Production in Hungary

In value terms, narrow woven fabric production rose slightly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 58% against the previous year. Narrow woven fabric production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Narrow Woven Fabric Exports

Exports from Hungary

Narrow woven fabric exports from Hungary skyrocketed to X tons in 2021, with an increase of 33% on the previous year. Overall, exports posted a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 63%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, narrow woven fabric exports surged to $X in 2021. In general, total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -12.7% against 2019 indices. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X tons), Romania (X tons) and France (X tons) were the main destinations of narrow woven fabric exports from Hungary, together accounting for 44% of total exports. Slovakia, Serbia, Bulgaria, Germany, Slovenia, Poland, Morocco, the Czech Republic, Italy and Spain lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +157.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Bulgaria ($X) and France ($X) appeared to be the largest markets for narrow woven fabric exported from Hungary worldwide, with a combined 36% share of total exports. Ukraine, Germany, Slovakia, the Czech Republic, Poland, Slovenia, Serbia, Italy, Morocco and Spain lagged somewhat behind, together comprising a further 50%.

Morocco, with a CAGR of +112.3%, 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 narrow woven fabric export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price recorded a slight reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by 68%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Morocco ($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 Germany (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports into Hungary

In 2021, supplies from abroad of narrow woven fabrics increased by 11% to X tons, rising for the fourth year in a row after two years of decline. In general, imports showed a pronounced increase. The most prominent rate of growth was recorded in 2020 with an increase of 103%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, narrow woven fabric imports rose sharply to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Romania (X tons) constituted the largest narrow woven fabric supplier to Hungary, accounting for a 43% share of total imports. Moreover, narrow woven fabric imports from Romania exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Romania amounted to +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.3% per year) and Italy (+1.8% per year).

In value terms, Germany ($X), Romania ($X) and Italy ($X) constituted the largest narrow woven fabric suppliers to Hungary, together comprising 58% of total imports. These countries were followed by Austria, France, Taiwan (Chinese), China, Turkey, the Czech Republic, the Netherlands, Slovakia and Spain, which together accounted for a further 34%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +46.8%, recorded the highest growth rate of 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 narrow woven fabric import price stood at $X per ton in 2021, with an increase of 3% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 291%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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