Hungary: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2024

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Hungary

After three years of growth, the Hungarian market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by -18.4% to $X in 2021. Overall, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +91.0% against 2017 indices. Consumption of peaked at $X in 2020, and then declined rapidly in the following year.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Hungary

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap reduced slightly to $X in 2021 estimated in export price. In general, production recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by 7% against the previous year. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from Hungary

In 2021, approx. X tons of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap were exported from Hungary; which is down by -23.6% against the previous year. Overall, exports, however, recorded noticeable growth. The pace of growth was the most pronounced in 2020 with an increase of 54%. As a result, the exports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap declined to $X in 2021. Over the period under review, exports, however, posted resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 42% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2020, and then declined in the following year.

Exports by Country

Poland (X tons), Italy (X tons) and Slovakia (X tons) were the main destinations of exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from Hungary, with a combined 50% share of total exports. Germany, Romania, Kosovo, Croatia, Iraq, Austria, the Czech Republic, Bosnia and Herzegovina, Serbia and Montenegro lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the biggest increases were recorded for Kosovo (with a CAGR of +120.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Slovakia ($X) were the largest markets for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exported from Hungary worldwide, together comprising 51% of total exports. Italy, the Czech Republic, Austria, Romania, Croatia, Serbia, Kosovo, Bosnia and Herzegovina, Iraq and Montenegro lagged somewhat behind, together accounting for a further 40%.

In terms of the main countries of destination, Iraq, with a CAGR of +93.7%, 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 export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per ton in 2021, surging by 18% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +11.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by +48.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 46%. The export price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Montenegro ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into Hungary

In 2021, supplies from abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by -19.6% to X tons, falling for the third year in a row after three years of growth. Over the period under review, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by 82%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap reached $X in 2021. In general, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 41% against the previous year. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Hungary, accounting for a 37% share of total imports. Moreover, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Slovakia (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+37.8% per year) and Slovakia (+1.4% per year).

In value terms, the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap suppliers to Hungary were China ($X), Slovakia ($X) and Poland ($X), together comprising 56% of total imports. These countries were followed by Germany, Spain, France, Bulgaria, the Czech Republic, Turkey and Slovenia, which together accounted for a further 29%.

Bulgaria, with a CAGR of +214.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per ton, surging by 30% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by +47.8% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 56%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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