Hungary: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Hungary

The Hungarian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning contracted to $X in 2021, falling by -14.9% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Consumption of peaked at $X in 2020, and then contracted in the following year.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Hungary

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning fell to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 33%. As a result, production attained the peak level of $X. From 2015 to 2021, production of growth remained at a somewhat lower figure.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from Hungary

In 2021, after two years of decline, there was significant growth in overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, when their volume increased by 113% to X tons. In general, exports, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 178%. Over the period under review, the exports of reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning dropped modestly to $X in 2021. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 175%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Hungary, with a 89% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Germany exceeded the volume sent to the second major destination, Romania (X tons), more than tenfold. Croatia (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+8.1% per year) and Croatia (-12.5% per year).

In value terms, Germany ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Hungary, comprising 80% of total exports. The second position in the ranking was held by Romania ($X), with a 9% share of total exports. It was followed by Croatia, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+7.0% per year) and Croatia (-14.0% per year).

Export Prices by Country

In 2021, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, declining by -53.8% against the previous year. Over the period under review, the export price showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 an increase of 115% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Germany ($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 Russia (+1.3%), while the prices for the other major destinations experienced a decline.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into Hungary

In 2021, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning into Hungary plummeted to X tons, waning by -51.3% against the previous year. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 289%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning contracted to $X in 2021. In general, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of 215% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Hungary, with a combined 84% share of total imports. Austria lagged somewhat behind, accounting for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +152.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Hungary were Germany ($X), Saudi Arabia ($X) and Belgium ($X), together comprising 85% of total imports. These countries were followed by Austria, which accounted for a further 10%.

Austria, with a CAGR of +140.8%, 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

In 2021, the average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, growing by 78% against the previous year. Overall, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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