Hungary: Market for Nets of Twine, Cordage, Rope or Textile Materials 2025

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Hungary

In 2022, the Hungarian market for nets of twine, cordage, rope or textile materials decreased by -3.6% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, enjoyed buoyant growth. Twine, cordage or textile net consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Hungary

In value terms, twine, cordage or textile net production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, posted measured growth. The most prominent rate of growth was recorded in 2017 with an increase of 69%. Twine, cordage or textile net production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Hungary

In 2022, the amount of nets of twine, cordage, rope or textile materials exported from Hungary expanded significantly to X tons, growing by 6.2% against the previous year. In general, exports enjoyed perceptible growth. The growth pace was the most rapid in 2019 when exports increased by 85% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, twine, cordage or textile net exports expanded to $X in 2022. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 55% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Romania (X tons), Italy (X tons) and Slovakia (X tons) were the main destinations of twine, cordage or textile net exports from Hungary, together accounting for 71% of total exports. The Czech Republic, Bulgaria, Croatia, Russia, Ukraine and Switzerland lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +34.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for twine, cordage or textile net exported from Hungary were Romania ($X), Italy ($X) and Slovakia ($X), together comprising 63% of total exports. Russia, the Czech Republic, Croatia, Bulgaria, Ukraine and Switzerland lagged somewhat behind, together comprising a further 24%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +29.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for nets of twine, cordage, rope or textile materials amounted to $X per ton, declining by -4.2% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, twine, cordage or textile net export price increased by +10.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 25%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Slovakia ($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 Russia (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Hungary

In 2022, after three years of growth, there was decline in overseas purchases of nets of twine, cordage, rope or textile materials, when their volume decreased by -2.2% to X tons. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2019 with an increase of 173% against the previous year. Imports peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, twine, cordage or textile net imports totaled $X in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2019 when imports increased by 72% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Slovakia (X tons), China (X tons) and the Czech Republic (X tons) were the main suppliers of twine, cordage or textile net imports to Hungary, together accounting for 70% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +69.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the Czech Republic ($X) appeared to be the largest twine, cordage or textile net suppliers to Hungary, together accounting for 55% of total imports. Slovakia, Spain, Italy, France and Poland lagged somewhat behind, together comprising a further 32%.

In terms of the main suppliers, Slovakia, with a CAGR of +55.2%, 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

In 2022, the average import price for nets of twine, cordage, rope or textile materials amounted to $X per ton, growing by 2.3% against the previous year. In general, the import price, however, showed a pronounced decrease. The growth pace was the most rapid in 2016 an increase of 143%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for Slovakia ($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 (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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