Hungary: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Hungary

In 2022, the Hungarian market for polyester tow and staple, not carded, combed or otherwise processed for spinning increased by 13% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Hungary

In 2022, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Hungary dropped to X tons, waning by -5% against 2021 figures. In general, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 115% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning soared to $X in 2022. Over the period under review, exports recorded a slight setback. The pace of growth appeared the most rapid in 2018 when exports increased by 125% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Hungary, with a 83% share of total exports. Moreover, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Germany exceeded the volume sent to the second major destination, Italy (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-10.7% per year) and Slovakia (+41.4% per year).

In value terms, Germany ($X) remains the key foreign market for polyester tow and staple, not carded, combed or otherwise processed for spinning exports from Hungary, comprising 63% of total exports. The second position in the ranking was taken by Italy ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-8.0% per year) and Slovakia (+47.8% per year).

Export Prices by Country

In 2022, the average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, growing by 25% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Germany ($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 Slovakia (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Hungary

Imports of polyester tow and staple, not carded, combed or otherwise processed for spinning into Hungary fell slightly to X tons in 2022, shrinking by -3.9% compared with the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 11% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning surged to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 22%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest polyester tow and staple, not carded, combed or otherwise processed for spinning supplier to Hungary, accounting for a 42% share of total imports. Moreover, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Germany exceeded the figures recorded by the second-largest supplier, Romania (X tons), twofold. Bulgaria (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+2.0% per year) and Bulgaria (+31.0% per year).

In value terms, Germany ($X), Romania ($X) and Bulgaria ($X) were the largest polyester tow and staple, not carded, combed or otherwise processed for spinning suppliers to Hungary, together accounting for 77% of total imports.

Among the main suppliers, Bulgaria, with a CAGR of +27.4%, 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 polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, jumping by 22% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached 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 Romania ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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