Hungary: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in Hungary

In 2022, the Hungarian narrow woven fabric market increased by X% to $X, rising for the fifth year in a row after two years of decline. In general, consumption posted pronounced growth. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Narrow Woven Fabric Production in Hungary

In value terms, narrow woven fabric production shrank modestly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Narrow Woven Fabric Exports

Exports from Hungary

After four years of growth, overseas shipments of narrow woven fabrics decreased by X% to X tons in 2022. In general, exports, however, recorded a slight expansion. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted rapidly in the following year.

In value terms, narrow woven fabric exports plummeted to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Ukraine (X tons), Romania (X tons) and Germany (X tons) were the main destinations of narrow woven fabric exports from Hungary, with a combined X% share of total exports. Serbia, Morocco, Bulgaria, France, Slovakia, the Czech Republic, North Macedonia, Bosnia and Herzegovina, Italy and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Ukraine ($X) and Bulgaria ($X) appeared to be the largest markets for narrow woven fabric exported from Hungary worldwide, with a combined X% share of total exports. Germany, North Macedonia, the Czech Republic, Serbia, Slovakia, France, Morocco, Turkey, Bosnia and Herzegovina and Italy lagged somewhat behind, together comprising a further X%.

Morocco, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average narrow woven fabric export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price saw a noticeable curtailment. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Ukraine ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports into Hungary

In 2022, supplies from abroad of narrow woven fabrics increased by X% to X tons, rising for the fifth year in a row after two years of decline. In general, imports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, narrow woven fabric imports fell slightly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Romania (X tons) constituted the largest narrow woven fabric supplier to Hungary, accounting for a X% share of total imports. Moreover, narrow woven fabric imports from Romania exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest narrow woven fabric suppliers to Hungary were Romania ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports. Taiwan (Chinese), Austria, China, France, Turkey, the Netherlands, Slovakia and Spain lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average narrow woven fabric import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price saw a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a 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 Austria ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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