Hungary: Woolen Yarn Market 2025

Woolen Yarn Market Size in Hungary

In 2021, the Hungarian woolen yarn market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Woolen Yarn Production in Hungary

In value terms, woolen yarn production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 31%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Woolen Yarn Exports

Exports from Hungary

In 2021, approx. X tons of yarn of wool were exported from Hungary; reducing by -9.8% on the previous year. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 60% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, woolen yarn exports shrank to $X in 2021. In general, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2016 when exports increased by 93% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons), Italy (X tons) and Belgium (X tons) were the main destinations of woolen yarn exports from Hungary, together comprising 92% of total exports. These countries were followed by Sweden and the Netherlands, which together accounted for a further 4.8%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +37.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for yarn of wool exports from Hungary, comprising 52% of total exports. The second position in the ranking was held by Italy ($X), with a 25% share of total exports. It was followed by Belgium, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-21.2% per year) and Belgium (-15.9% per year).

Export Prices by Country

In 2021, the average woolen yarn export price amounted to $X per ton, increasing by 4.2% against the previous year. In general, the export price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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 the Netherlands ($X per ton), while the average price for exports to Italy ($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 Belgium (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Woolen Yarn Imports

Imports into Hungary

In 2021, overseas purchases of yarn of wool were finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 24%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, woolen yarn imports declined to $X in 2021. In general, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 28% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of woolen yarn to Hungary, with a 73% share of total imports. Moreover, woolen yarn imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Romania (X tons) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to -13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.5% per year) and Romania (+10.7% per year).

In value terms, Italy ($X) constituted the largest supplier of yarn of wool to Hungary, comprising 54% of total imports. The second position in the ranking was held by Germany ($X), with a 24% share of total imports. It was followed by Austria, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled -13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.1% per year) and Austria (+10.2% per year).

Import Prices by Country

In 2021, the average woolen yarn import price amounted to $X per ton, declining by -11% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 56%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat 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 Bulgaria ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :