Price for Cotton; Sewing Thread, Put Up for Retail Sale in Hungary - 2023

Contents:

  1. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Hungary (FOB) - 2022
  2. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Hungary (CIF) - 2022
  3. Exports of Cotton; Sewing Thread, Put Up for Retail Sale in Hungary
  4. Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Hungary

Price for Cotton; Sewing Thread, Put Up for Retail Sale in Hungary (FOB) - 2022

In 2022, the average export price for cotton; sewing thread, put up for retail sale amounted to $36,697 per ton, which is down by -17% against the previous year. In general, the export price saw a noticeable downturn. The pace of growth was the most pronounced in 2021 an increase of 18% against the previous year. The export price peaked at $50,030 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 the UK ($70,823 per ton), while the average price for exports to Turkey ($20,898 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 Germany (+0.9%), while the prices for the other major destinations experienced a decline.

Price for Cotton; Sewing Thread, Put Up for Retail Sale in Hungary (CIF) - 2022

In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $8,274 per ton, increasing by 9.5% against the previous year. Overall, the import price, however, saw a deep setback. The growth pace was the most rapid in 2021 when the average import price increased by 123%. Over the period under review, average import prices hit record highs at $64,056 per ton in 2013; however, from 2014 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 ($11,575 per ton), while the price for Italy ($4,688 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cotton; Sewing Thread, Put Up for Retail Sale in Hungary

In 2022, overseas shipments of cotton; sewing thread, put up for retail sale decreased by -5.7% to 17 tons, falling for the second year in a row after two years of growth. Overall, exports showed a pronounced descent. The growth pace was the most rapid in 2020 when exports increased by 19% against the previous year. As a result, the exports attained the peak of 21 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of cotton; sewing thread, put up for retail sale reduced dramatically to $609K in 2022. In general, exports recorded a deep slump. The growth pace was the most rapid in 2020 with an increase of 3.8%. As a result, the exports attained the peak of $802K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy481449477351-10.0%
Portugal87.977.271.765.6-9.3%
Spain73.393.269.053.8-9.8%
Germany84.769.951.548.6-16.9%
United KingdomN/A56.944.344.1-12.0%
Estonia9.713.113.414.313.8%
Turkey9.213.323.910.85.5%
Others26.929.627.221.2-7.6%
Total773802778609-7.6%

Top Export Markets for Cotton; Sewing Thread, Put Up for Retail Sale from Hungary in 2022:

  1. Italy (10.7 tons)
  2. Spain (1.6 tons)
  3. Portugal (1.4 tons)
  4. Germany (0.9 tons)
  5. United Kingdom (0.6 tons)
  6. Turkey (0.5 tons)
  7. Estonia (0.4 tons)

Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Hungary

In 2022, imports of cotton; sewing thread, put up for retail sale into Hungary rose rapidly to 14 tons, with an increase of 13% compared with the previous year. Overall, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 71%. As a result, imports reached the peak of 35 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cotton; sewing thread, put up for retail sale soared to $120K in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.2% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 47%. As a result, imports attained the peak of $120K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China31.391.545.675.634.2%
Germany35.616.844.539.23.3%
Italy0.5N/AN/A3.081.7%
Turkey3.10.34.70.4-49.5%
Singapore7.2N/AN/AN/A0%
NetherlandsN/A9.8N/AN/A0%
Others4.11.72.01.5-28.5%
Total81.812096.912013.6%

Top Suppliers of Cotton; Sewing Thread, Put Up for Retail Sale to Hungary in 2022:

  1. China (10.3 tons)
  2. Germany (3.4 tons)
  3. Italy (0.6 tons)
  4. Turkey (0.1 tons)

Source: IndexBox Market Intelligence Platform

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