Hungary: Skates Market 2024

Skates Market Size in Hungary

The Hungarian skates market reduced slightly to $X in 2021, approximately reflecting the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Skates Production in Hungary

In value terms, skates production expanded notably to $X in 2021 estimated in export price. Overall, production, however, saw a sharp contraction. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Skates Exports

Exports from Hungary

In 2021, shipments abroad of ice skates and roller skates increased by 110% to X tons, rising for the second year in a row after three years of decline. Overall, exports enjoyed a moderate increase. The pace of growth was the most pronounced in 2013 with an increase of 151%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, skates exports soared to $X in 2021. In general, exports posted a temperate increase. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Slovakia (X tons) was the main destination for skates exports from Hungary, accounting for a 50% share of total exports. Moreover, skates exports to Slovakia exceeded the volume sent to the second major destination, Serbia (X tons), twofold. The third position in this ranking was held by Austria (X tons), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume to Slovakia amounted to +96.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+104.7% per year) and Austria (+122.0% per year).

In value terms, Slovakia ($X), Serbia ($X) and Austria ($X) appeared to be the largest markets for skates exported from Hungary worldwide, with a combined 93% share of total exports. Croatia and Italy lagged somewhat behind, together comprising a further 5.8%.

Croatia, with a CAGR of +109.5%, recorded 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

In 2021, the average skates export price amounted to $X per ton, surging by 15% against the previous year. In general, the export price, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 70%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Serbia ($X per ton), while the average price for exports to Italy ($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 Romania (-1.4%), while the prices for the other major destinations experienced a decline.

Skates Imports

Imports into Hungary

In 2021, approx. X tons of ice skates and roller skates were imported into Hungary; flattening at 2020 figures. In general, imports showed a slight descent. The pace of growth appeared the most rapid in 2013 when imports increased by 46%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, skates imports skyrocketed to $X in 2021. Overall, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 29%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), France (X tons) and Austria (X tons) were the main suppliers of skates imports to Hungary, with a combined 74% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +183.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), France ($X) and Spain ($X) constituted the largest skates suppliers to Hungary, with a combined 73% share of total imports.

Among the main suppliers, Spain, with a CAGR of +154.8%, recorded the highest rates of growth with regard to 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 2021, the average skates import price amounted to $X per ton, with an increase of 24% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by 58% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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