Earlier Report Observations
The market for multiple or cabled synthetic yarn in Hungary showed considerable volume instability from 2018 to 2023. After maintaining a level near 1 180 tonnes in 2018 and 2019, domestic consumption contracted sharply by 25% to 883 tonnes in 2020. A rebound to 1 107 tonnes followed in 2021, but another dip occurred in 2022 before volume recovered to 1 148 tonnes in 2023.
In monetary terms, the market's value mirrored this volatile pattern with greater amplitude. Starting at 5.8 million US dollars in 2018, it fell to 4.6 million in 2020. A strong recovery to 5.9 million US dollars was recorded in 2021, and after a modest decline the next year, the market value peaked for the period at 6.8 million US dollars in 2023.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2025
- 4.1.1.3. Exports, 2018-2025
- 4.1.1.4. Market size, 2018-2023
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4.1.2. In value
- 4.1.2.1. Production, 2018-2023
- 4.1.2.2. Imports, 2018-2025
- 4.1.2.3. Exports, 2018-2025
- 4.1.2.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Hungary
- 5.1.1. In kind, 2018-2023, t
- 5.1.2. In value, 2018-2023, K $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In kind, 2018-2024, t
- 5.2.2. In value, 2018-2024, K $ US
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5.1. Production in Hungary
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6. Exports
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6.1. Exports (Direct Data)
- 6.1.1. Exports - Total information
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6.1.2. Exports in kind, t
- 6.1.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
- 6.1.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
- 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
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6.1.3. Exports in value, K $ US
- 6.1.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
- 6.1.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
- 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
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6.1.4. Average price of product's exports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/kg
- 6.1.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/kg
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6.2. Exports (Mirror Data)
- 6.2.1. Exports - Total information
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6.2.2. Exports in kind, t
- 6.2.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
- 6.2.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
- 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
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6.2.3. Exports in value, K $ US
- 6.2.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
- 6.2.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
- 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
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6.2.4. Average price of product's exports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/kg
- 6.2.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/kg
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6.1. Exports (Direct Data)
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7. Imports
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7.1. Imports (Direct Data)
- 7.1.1. Imports - Total information
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7.1.2. Imports in kind, t
- 7.1.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
- 7.1.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
- 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
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7.1.3. Imports in value, K $ US
- 7.1.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
- 7.1.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
- 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
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7.1.4. Average price of product's imports, $ US/kg
- 7.1.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/kg
- 7.1.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/kg
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7.2. Imports (Mirror Data)
- 7.2.1. Imports - Total information
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7.2.2. Imports in kind, t
- 7.2.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
- 7.2.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
- 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
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7.2.3. Imports in value, K $ US
- 7.2.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
- 7.2.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
- 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
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7.2.4. Average price of product's imports, $ US/kg
- 7.2.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/kg
- 7.2.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/kg
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7.1. Imports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2025
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production multiple or cabled synthetic yarn in Hungary
In value, 2018-2021, K $ US
In Hungary, the output value of multiple or cabled synthetic yarn reached 15 777 K $ US in 2021, marking a 19.8% increase compared to 2020. Over the period from 2018 to 2021, production grew by 10.8%, with a compound annual growth rate of 3.5%. The lowest value was recorded in 2020 at 13 167 K $ US, which also saw the largest decline of 8.5%.
Annual dynamics of production in Hungary in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 1.1% | (8.5%) | 19.8% | 3.5% |
In kind, 2018-2021, t
Hungary produced 2 543 tonnes of multiple or cabled synthetic yarn in 2021, showing a moderate year-over-year rise of 6.4%. The highest production volume was in 2019 at 2 617 tonnes, while the lowest was in 2020 at 2 390 tonnes, which experienced the largest decline of 8.7%.
Annual dynamics of production in Hungary in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 1.3% | (8.7%) | 6.4% | (0.5%) |
Exports multiple or cabled synthetic yarn from Hungary
Exports in kind, t
After two years of growth, Hungary's exports of multiple or cabled synthetic yarn in volume terms declined in 2021, reaching 1 684 tonnes, a modest decrease of 3.8% from 2020. From 2018 to 2021, exports increased by 5.9%, equivalent to an annualized rate of 1.9%. The peak volume was in 2020 at 1 750 tonnes, which also saw the largest increase of 6.4%.
Annual dynamics of product's exports from Hungary in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 3.4% | 6.4% | (3.8%) | 1.9% |
Between 2018 and 2021, Poland and France together accounted for 94.6% of Hungary's total exports of multiple or cabled synthetic yarn in volume terms, with other countries contributing smaller, more diversified shares.
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
Hungary's exports of multiple or cabled synthetic yarn in value terms amounted to 12 078 K $ US in 2021, reflecting a robust 15.0% rise compared to the previous year. From 2018 to 2021, exports grew by 16%, translating to an annualized rate of 5.1%. The largest decline occurred in 2020 at 2.4%.
Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 3.2% | (2.4%) | 15.0% | 5.1% |
From 2018 to 2021, France and Poland concentrated 93.0% of Hungary's total exports of multiple or cabled synthetic yarn in value terms, with the remaining share distributed among other destinations, each making smaller individual contributions.
Structure of product's exports in value by countries, 2018-2021
World map of product's exports from Hungary in value, 2018-2021
Imports multiple or cabled synthetic yarn to Hungary
Imports in kind, t
Hungary's imports of multiple or cabled synthetic yarn in volume terms increased for the third consecutive year, reaching 248 tonnes in 2021, up by 2.4% from 2020. Over the 2018-2021 period, imports grew by 28.4%, with a compound annual growth rate of 8.7%.
Annual dynamics of product's imports to Hungary in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 4.5% | 20.0% | 2.4% | 8.7% |
From 2018 to 2021, Romania, Germany, and India were the top suppliers of multiple or cabled synthetic yarn to Hungary in volume terms, accounting for 42.6%, 19.5%, and 12.7% of imports, respectively. Their combined share reached 74.8% of total imports.
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 multiple or cabled synthetic yarn in value terms increased for the second consecutive year, totaling 2 163 K $ US in 2021, a measured advance of 9.7% from 2020. Between 2018 and 2021, imports rose by 9.4%, equating to an annualized rate of 3.0%. The lowest value was in 2019 at 1 940 K $ US, which also experienced the largest decline of 1.8%.
Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (1.8%) | 1.6% | 9.7% | 3.0% |
Throughout 2018-2021, Germany, Romania, and India formed the key group of partners for Hungary's imports of multiple or cabled synthetic yarn in value terms, representing 35.6%, 30.7%, and 7.3% of imports, respectively. Together, they accounted for 73.5% 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
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