Hungary: Leather Footwear Market 2022

Leather Footwear Market Size in Hungary

The Hungarian leather footwear market fell significantly to $X in 2017, waning by -X% against the previous year. Overall, consumption showed a noticeable slump. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. from 2009 to 2017, the growth of the market remained at a lower figure.

Leather Footwear Production in Hungary

In value terms, leather footwear production shrank to $X in 2017 estimated in export prices. In general, production recorded a slight decrease. The growth pace was the most rapid in 2011 when the production volume increased by X% y-o-y. Hungary production peaked at $X in 2013; however, from 2014 to 2017, production failed to regain the momentum.

Leather Footwear Exports

Exports from Hungary

In 2017, shipments abroad of leather footwear was finally on the rise to reach X pairs after three years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X pairs in 2007; however, from 2008 to 2017, exports remained at a lower figure.

In value terms, leather footwear exports soared to $X in 2017. The total export value increased at an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the largest exporter of leather footwear in the world, with the volume of exports accounting for X pairs, which was approx. X% of total exports in 2017. It was distantly followed by Vietnam (X pairs), Italy (X pairs), India (X pairs) and Germany (X pairs), together comprising a X% share of total exports. The following exporters - Portugal (X pairs), Belgium (X pairs), Hong Kong SAR (X pairs), Spain (X pairs), France (X pairs), the Netherlands (X pairs) and Indonesia (X pairs) - together made up X% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of leather footwear. At the same time, Vietnam (+X%), France (+X%), India (+X%), the Netherlands (+X%) and Portugal (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2017. Spain and Germany experienced a relatively flat trend pattern. By contrast, Italy (-X%), Belgium (-X%), Indonesia (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Vietnam and India increased by +X% and +X% percentage points, while Indonesia (-X p.p.) and Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest leather footwear supplying countries from Hungary were China ($X), Italy ($X) and Vietnam ($X), with a combined X% share of total exports.

Vietnam recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The leather footwear export price in Hungary stood at $X per pair in 2017, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Hungary export price peaked at $X per pair in 2010; however, from 2011 to 2017, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per pair), while China ($X per pair) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Leather Footwear Imports

Imports into Hungary

For the third year in a row, Hungary recorded growth in overseas purchases of leather footwear, which increased by X% to X pairs in 2017. Overall, total imports indicated a slight increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, imports increased by +X% against 2010 indices. Over the period under review, imports reached the peak figure at X pairs in 2008; however, from 2009 to 2017, imports remained at a lower figure.

In value terms, leather footwear imports skyrocketed to $X in 2017. The total import value increased at an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. from 2009 to 2017, the growth imports failed to regain the momentum.

Imports by Country

In 2017, the United States (X pairs), distantly followed by Germany (X pairs), the UK (X pairs), France (X pairs) and Italy (X pairs) represented the key importers of leather footwear, together generating X% of total imports. Hong Kong SAR (X pairs), the Netherlands (X pairs), Belgium (X pairs), Russia (X pairs), Japan (X pairs), China (X pairs), Spain (X pairs) and Canada (X pairs) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported leather footwear into Hungary, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the United States, leather footwear imports plunged by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

In 2017, the leather footwear import price in Hungary amounted to $X per pair, which is down by -X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per pair. from 2010 to 2017, the growth in terms of the import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2017, the country with the highest price was China ($X per pair), while the UK ($X per pair) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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