Hungary: Market for Leather Further Prepared After Tanning or Crusting 2025

Market Size for Leather Further Prepared After Tanning or Crusting in Hungary

In 2021, after seven years of decline, there was significant growth in the Hungarian market for leather further prepared after tanning or crusting, when its value increased by 15% to $X. In general, consumption, however, recorded a abrupt curtailment. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Leather Further Prepared After Tanning or Crusting in Hungary

In value terms, production of leather further prepared after tanning or crusting soared to $X in 2021 estimated in export price. Over the period under review, production, however, faced a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 18%. Production of peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Leather Further Prepared After Tanning or Crusting

Exports from Hungary

In 2021, shipments abroad of leather further prepared after tanning or crusting decreased by -32.8% to X tons, falling for the eighth consecutive year after two years of growth. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 5.3%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of leather further prepared after tanning or crusting fell remarkably to $X in 2021. Over the period under review, exports showed a drastic downturn. The growth pace was the most rapid in 2013 with an increase of 26%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Ukraine (X tons), Bosnia and Herzegovina (X tons) and Romania (X tons) were the main destinations of exports of leather further prepared after tanning or crusting from Hungary, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bosnia and Herzegovina (with a CAGR of +10.3%), while the other leaders experienced a decline.

In value terms, the largest markets for leather further prepared after tanning or crusting exported from Hungary were Ukraine ($X), Bosnia and Herzegovina ($X) and Romania ($X), together accounting for 98% of total exports.

Among the main countries of destination, Bosnia and Herzegovina, with a CAGR of +23.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for leather further prepared after tanning or crusting amounted to $X per ton, with an increase of 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 20%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Ukraine ($X per ton) and Bosnia and Herzegovina ($X per ton), while the average price for exports to Romania ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Leather Further Prepared After Tanning or Crusting

Imports into Hungary

In 2021, purchases abroad of leather further prepared after tanning or crusting decreased by -4.8% to X tons, falling for the eighth year in a row after two years of growth. Overall, imports faced a deep slump. The pace of growth was the most pronounced in 2013 when imports increased by 1.3% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of leather further prepared after tanning or crusting dropped to $X in 2021. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 8.2%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of leather further prepared after tanning or crusting to Hungary, with a 76% share of total imports. Moreover, imports of leather further prepared after tanning or crusting from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. The third position in this ranking was taken by Austria (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+7.1% per year) and Austria (-11.9% per year).

In value terms, Germany ($X) constituted the largest supplier of leather further prepared after tanning or crusting to Hungary, comprising 77% of total imports. The second position in the ranking was held by Poland ($X), with a 13% share of total imports. It was followed by Austria, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+6.2% per year) and Austria (-9.5% per year).

Import Prices by Country

In 2021, the average import price for leather further prepared after tanning or crusting amounted to $X per ton, waning by -5.6% against the previous year. Over the period under review, the import price showed a slight decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 6.9% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and Germany ($X per ton), while the price for Austria ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform