Hungary: Artificial Fur Market 2025

Artificial Fur Market Size in Hungary

In 2022, after four years of growth, there was significant decline in the Hungarian artificial fur market, when its value decreased by -88.1% to $X. Over the period under review, consumption continues to indicate a abrupt descent. Artificial fur consumption peaked at $X in 2021, and then shrank markedly in the following year.

Artificial Fur Exports

Exports from Hungary

In 2022, shipments abroad of artificial fur was finally on the rise to reach X kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of 606% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, artificial fur exports surged to $X in 2022. Over the period under review, exports, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 571%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

France (X kg), Poland (X kg) and Slovakia (X kg) were the main destinations of artificial fur exports from Hungary, with a combined 81% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +153.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Poland ($X) and Slovakia ($X) appeared to be the largest markets for artificial fur exported from Hungary worldwide, with a combined 85% share of total exports.

Among the main countries of destination, Poland, with a CAGR of +193.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average artificial fur export price stood at $X per ton in 2022, surging by 27% against the previous year. Overall, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 211%. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Romania ($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 Italy (+36.0%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Fur Imports

Imports into Hungary

After three years of decline, overseas purchases of artificial fur increased by 29% to X tons in 2022. Over the period under review, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 137% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, artificial fur imports soared to $X in 2022. In general, imports showed a tangible expansion. The pace of growth was the most pronounced in 2018 with an increase of 191%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Greece (X tons), China (X tons) and Poland (X tons) were the main suppliers of artificial fur imports to Hungary, with a combined 77% share of total imports. Hong Kong SAR, Slovakia, France, Germany and Italy lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +40.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and Poland ($X) constituted the largest artificial fur suppliers to Hungary, together accounting for 64% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +34.0%, saw the highest growth rate of 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 artificial fur import price stood at $X per ton in 2022, rising by 19% against the previous year. In general, the import price, however, continues to indicate a mild decrease. The growth pace was the most rapid in 2021 when the average import price increased by 29% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Germany ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+60.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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