Hungary: Cotton Embroidery Market 2024

Cotton Embroidery Market Size in Hungary

In 2022, after seven years of growth, there was significant decline in the Hungarian cotton embroidery market, when its value decreased by X% to $X. Over the period under review, consumption posted a strong expansion. Over the period under review, the market hit record highs at $X in 2021, and then fell sharply in the following year.

Cotton Embroidery Production in Hungary

In value terms, cotton embroidery production contracted markedly to $X in 2022 estimated in export price. In general, production posted a significant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Cotton embroidery production peaked at $X in 2021, and then shrank rapidly in the following year.

Cotton Embroidery Exports

Exports from Hungary

In 2022, shipments abroad of cotton embroidery in the piece increased by X% to X tons, rising for the fourth consecutive year after three years of decline. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cotton embroidery exports soared to $X in 2022. In general, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovakia (X tons) was the main destination for cotton embroidery exports from Hungary, with a X% share of total exports. It was followed by Croatia (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Slovakia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (X% per year) and Romania (X% per year).

In value terms, Slovakia ($X) remains the key foreign market for cotton embroidery in the piece exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Croatia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (X% per year) and Romania (X% per year).

Export Prices by Country

In 2022, the average cotton embroidery export price amounted to $X per ton, shrinking by X% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Romania ($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 Albania (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cotton Embroidery Imports

Imports into Hungary

In 2022, after two years of decline, there was significant growth in overseas purchases of cotton embroidery in the piece, when their volume increased by X% to X tons. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cotton embroidery imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a significant decline. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of cotton embroidery to Hungary, with a X% share of total imports. Moreover, cotton embroidery imports from China exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold. Austria (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Austria (X% per year).

In value terms, China ($X) constituted the largest supplier of cotton embroidery in the piece to Hungary, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Austria, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Austria (X% per year).

Import Prices by Country

The average cotton embroidery import price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price saw a dramatic contraction. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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