Hungary: Waterproof Footwear Market 2024

Waterproof Footwear Market Size in Hungary

After two years of growth, the Hungarian waterproof footwear market decreased by -12.5% to $X in 2022. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +35.5% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Waterproof Footwear Production in Hungary

In value terms, waterproof footwear production contracted slightly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when the production volume increased by 6.5% against the previous year. Waterproof footwear production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Waterproof Footwear Exports

Exports from Hungary

In 2022, overseas shipments of waterproof footwear increased by 12% to X pairs, rising for the third year in a row after two years of decline. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 24%. As a result, the exports attained the peak of X pairs. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, waterproof footwear exports contracted to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 29% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Slovakia (X pairs), Romania (X pairs) and the Czech Republic (X pairs) were the main destinations of waterproof footwear exports from Hungary, with a combined 66% share of total exports. Serbia, Bulgaria, Croatia, Spain, Poland, China, Italy, Slovenia and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +136.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for waterproof footwear exported from Hungary were Romania ($X), Slovakia ($X) and China ($X), together comprising 62% of total exports.

In terms of the main countries of destination, China, with a CAGR of +161.8%, recorded the highest growth rate of 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 waterproof footwear export price stood at $X per pair in 2022, which is down by -19.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 51%. Over the period under review, the average export prices reached the maximum at $X per pair in 2019; however, from 2020 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 China ($X per pair), while the average price for exports to Bulgaria ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Waterproof Footwear Imports

Imports into Hungary

After two years of growth, overseas purchases of waterproof footwear decreased by -21.4% to X pairs in 2022. Overall, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 57% against the previous year. Over the period under review, imports attained the peak figure at X pairs in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, waterproof footwear imports contracted modestly to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +9.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 59%. Over the period under review, imports hit record highs at $X in 2021, and then shrank slightly in the following year.

Imports by Country

Poland (X pairs), China (X pairs) and Slovakia (X pairs) were the main suppliers of waterproof footwear imports to Hungary, with a combined 53% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +30.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and France ($X) constituted the largest waterproof footwear suppliers to Hungary, with a combined 47% share of total imports.

Among the main suppliers, Poland, with a CAGR of +31.5%, recorded 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

In 2022, the average waterproof footwear import price amounted to $X per pair, increasing by 27% against the previous year. Overall, the import price showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per pair in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 France ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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