Hungary: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in Hungary

The Hungarian market for footwear with uppers of textile materials rose notably to $X in 2022, with an increase of 12% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +1.7% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Footwear with Uppers of Textile Materials in Hungary

In value terms, production of footwear with uppers of textile materials shrank modestly to $X in 2022 estimated in export price. In general, production showed a mild expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 86% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Footwear with Uppers of Textile Materials

Exports from Hungary

Exports of footwear with uppers of textile materials from Hungary skyrocketed to X pairs in 2022, increasing by 17% compared with the previous year. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 51%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of footwear with uppers of textile materials stood at $X in 2022. In general, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2017 when exports increased by 72%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Romania (X pairs), Slovakia (X pairs) and Germany (X pairs) were the main destinations of exports of footwear with uppers of textile materials from Hungary, together comprising 43% of total exports. Poland, Bulgaria, Italy, Austria, Croatia, Spain, the Czech Republic, Serbia and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 50%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +118.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Romania ($X) were the largest markets for footwear with uppers of textile materials exported from Hungary worldwide, with a combined 52% share of total exports.

Germany, with a CAGR of +133.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 with uppers of textile materials stood at $X per pair in 2022, reducing by -12.8% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for footwear with uppers of textile materials decreased by -35.8% against 2019 indices. The growth pace was the most rapid in 2016 when the average export price increased by 18%. The export price peaked at $X per pair in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per pair), while the average price for exports to Bulgaria ($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 Serbia (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear with Uppers of Textile Materials

Imports into Hungary

In 2022, supplies from abroad of footwear with uppers of textile materials increased by 7.3% to X pairs, rising for the second year in a row after two years of decline. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 150% against the previous year. As a result, imports attained the peak of X pairs. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of footwear with uppers of textile materials expanded rapidly to $X in 2022. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2018 when imports increased by 33%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of footwear with uppers of textile materials to Hungary, with a 44% share of total imports. Moreover, imports of footwear with uppers of textile materials from China exceeded the figures recorded by the second-largest supplier, Poland (X pairs), threefold. Slovakia (X pairs) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+27.9% per year) and Slovakia (+8.5% per year).

In value terms, Poland ($X), China ($X) and Slovakia ($X) appeared to be the largest footwear with uppers of textile materials suppliers to Hungary, together accounting for 49% of total imports.

Poland, with a CAGR of +34.2%, recorded the highest growth rate of 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 2022, the average import price for footwear with uppers of textile materials amounted to $X per pair, almost unchanged from the previous year. Overall, the import price, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 68%. The import price peaked at $X per pair in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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