Carded or combed synthetic staple fibres market in Hungary

Earlier Report Observations

The Hungarian market for carded or combed synthetic staple fibres experienced significant volatility from 2018 to 2024. Market volume in physical terms dropped sharply from 533 tonnes in 2018 to 247 tonnes in 2020, then partially recovered to 402 tonnes in 2022 before falling again to 277 tonnes by 2024.

Domestic production mirrored this trend, declining to 220 tonnes in 2020 and reaching a peak of 403 tonnes in 2022. Trade flows were highly unstable, with imports collapsing to 3.5 tonnes in 2021 as exports simultaneously emerged, reaching over 50 tonnes in value that year, indicating a shift in market structure.

In monetary terms, the market's value contracted from $770.6 thousand in 2018 to $382.3 thousand in 2020, then rebounded strongly to $815.9 thousand in 2022, suggesting changes in pricing or product composition during the recovery period before another decline set in.

Production carded or combed synthetic staple fibres in Hungary

In value, 2018-2021, K $ US

Hungary's production of carded or combed synthetic staple fibers, measured in monetary terms, rebounded after a two-year decline. In 2021, output reached 572.4 thousand US dollars, marking a sharp increase of 64.8% compared to 2020. Looking at the broader period from 2018 to 2021, production fell by 7.3%, which translates to an average annual decline of 2.5%. The lowest point was recorded in 2020 at 347.4 thousand US dollars, with the largest drop of 33.3% occurring that same year.

Annual dynamics of production in Hungary in value, 2018-2021, K $ US

In kind, 2018-2021, t

In physical terms, Hungary's production of carded or combed synthetic staple fibers also recovered following a two-year decrease. In 2021, output totaled 367.0 metric tons, showing a significant gain of 66.8% over 2020. Over the 2018-2021 period, production declined by 25.7%, with a compound annual growth rate of -9.4%. The minimum value was 220.0 metric tons in 2020, which saw the steepest decline of 46.1%.

Annual dynamics of production in Hungary in kind, 2018-2021, t

Exports carded or combed synthetic staple fibres from Hungary

Exports in kind, kg

In 2021, Hungary's export volume of carded or combed synthetic staple fibers was 29 500 kilograms, showing little to no change from the previous year. From 2018 to 2021, exports surged by 5 932.7%, equating to an annualized growth rate of 292.2%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, kg

From 2018 to 2021, Lithuania was the primary partner for Hungary's exports in kind, accounting for 95.7% of total flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Hungary in kind, 2018-2021

Exports in value, K $ US

In 2021, Hungary's exports of carded or combed synthetic staple fibers in value terms amounted to 52.6 thousand US dollars, with only marginal fluctuations year-over-year. Over the 2018-2021 period, exports grew by 2 508.5%, reflecting a compound annual growth rate of 196.6%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

Between 2018 and 2021, Lithuania dominated as the key market for Hungary's exports in value terms, capturing 89.6% of total flows, while other countries accounted for the remaining share.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Hungary in value, 2018-2021

Imports carded or combed synthetic staple fibres to Hungary

Imports in kind, kg

The import market for carded or combed synthetic staple fibers in Hungary exhibited volatility during the observed period. The highest volume was recorded in 2018, while the lowest occurred in 2021, with a peak-to-trough ratio of 11.3 times. In 2021, Hungary imported a total of 29 500 kilograms, representing a steep drop of 87.0% compared to the previous year. The largest increase was in 2020, at 4.6%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, kg

From 2018 to 2021, Germany, Spain, and Slovenia were the leading sources for Hungary's imports in kind, with shares of 38.3%, 24.8%, and 21.8%, respectively. Together, they comprised 85.0% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Hungary in kind, 2018-2021

Imports in value, K $ US

Hungary's imports of carded or combed synthetic staple fibers in value terms declined for the third consecutive year. In 2021, imports stood at 14.6 thousand US dollars, down 58.1% from the previous year. Between 2018 and 2021, imports decreased by 90.6%, averaging an annual decline of 54.5%.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

During 2018-2021, Germany, Slovenia, and Austria consistently served as the main sources for Hungary's imports in value terms, with shares of 48.7%, 18.8%, and 13.0%, respectively. Combined, they accounted for 80.6% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Hungary in value, 2018-2021