Price for Yarn; of Flax, Multiple (Folded) or Cabled in Hungary - 2023

Contents:

1. Price for Yarn; of Flax, Multiple (Folded) or Cabled in Hungary (FOB) - 2022
2. Price for Yarn; of Flax, Multiple (Folded) or Cabled in Hungary (CIF) - 2022
3. Exports of Yarn; of Flax, Multiple (Folded) or Cabled in Hungary
4. Imports of Yarn; of Flax, Multiple (Folded) or Cabled in Hungary

Price for Yarn; of Flax, Multiple (Folded) or Cabled in Hungary (FOB) - 2022

In 2022, the average export price for yarn; of flax, multiple (folded) or cableds amounted to $55,948 per ton, rising by 57% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 69%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($94,029 per ton), while the average price for exports to Switzerland ($20,096 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 Austria (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Yarn; of Flax, Multiple (Folded) or Cabled in Hungary (CIF) - 2022

The average import price for yarn; of flax, multiple (folded) or cableds stood at $3,920 per ton in 2022, waning by -3.4% against the previous year. In general, the import price saw a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 126%. The import price peaked at $32,464 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($25,396 per ton), while the price for Egypt ($2,937 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+61.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Yarn; of Flax, Multiple (Folded) or Cabled in Hungary

In 2022, exports of yarn; of flax, multiple (folded) or cableds from Hungary dropped significantly to 9.6 tons, shrinking by -33.9% on the year before. In general, exports showed a sharp curtailment. The smallest decline of -15.2% was in 2021.

In value terms, exports of yarn; of flax, multiple (folded) or cableds rose to $538K in 2022. Over the period under review, exports faced a precipitous decline.

Top Export Markets for Yarn; of Flax, Multiple (Folded) or Cabled from Hungary in 2022:

1. Australia (1854.0 kg)
2. United States (1777.0 kg)
3. France (1181.0 kg)
4. India (1134.0 kg)
5. United Kingdom (846.0 kg)
6. Romania (598.0 kg)
7. Switzerland (532.0 kg)
8. Germany (382.0 kg)
9. Belgium (42.0 kg)

Imports of Yarn; of Flax, Multiple (Folded) or Cabled in Hungary

For the fourth consecutive year, Hungary recorded growth in purchases abroad of yarn; of flax, multiple (folded) or cableds, which increased by 32% to 43 tons in 2022. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 44%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of yarn; of flax, multiple (folded) or cableds soared to $169K in 2022. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 91% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Yarn; of Flax, Multiple (Folded) or Cabled to Hungary in 2022:

1. Egypt (41.0 tons)
2. China (1.3 tons)
3. Italy (0.7 tons)

Source: IndexBox Market Intelligence Platform