The Hungarian cotton yarn market revealed slight fluctuations between 2013 and 2023, with the volume reaching 2.4512 million kilograms in 2023. Over these years, the market experienced both growth and decline phases, with the Compound Annual Growth Rate (CAGR) over the past 5 years standing at approximately 0.55%. Notably, this stable growth was ridden with significant variations, such as a decline of 9.06% in 2017, contrasted by an 8.93% increase in 2015.
Future trends to watch for include shifts in global demand, possible advancements in production technology, and changes in trade policies that might impact imports and exports. These factors could further influence the market dynamics in Hungary, possibly driving more fluctuations in the cotton yarn market size, both in terms of volume and value.
How does Hungary rank in Cotton Yarn Market Size Volume?
| # | 12 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 104,440,000 | 2023 | -0.35% | -1.05% | View data |
| 2 | 2 Germany | 32,382,000 | 2023 | -6.47% | -6.54% | View data |
| 3 | 3 Poland | 24,692,000 | 2023 | -0.69% | +0.77% | View data |
| 4 | 4 France | 18,121,000 | 2023 | +0.18% | +3.3% | View data |
| 5 | 5 Czech Republic | 10,821,000 | 2023 | -9.81% | -5.61% | View data |
| 8 | 8 United Kingdom | 6,067,700 | 2023 | -3.1% | -0.98% | View data |
| 9 | 9 Croatia | 2,753,700 | 2023 | +0.21% | -1.07% | View data |
| 10 | 10 Hungary | 2,451,200 | 2023 | +0.1% | +0.55% | |
| 11 | 11 Lithuania | 1,755,800 | 2023 | +3.22% | +3.11% | View data |
| 12 | 12 Sweden | 300,990 | 2023 | -3.92% | -3.36% | View data |
