Hungary: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Hungary

The Hungarian leather sports gloves market expanded markedly to $X in 2022, with an increase of 7.6% against the previous year. In general, consumption posted a buoyant expansion. Leather sports gloves consumption peaked in 2022 and is expected to retain growth in the near future.

Leather Sports Gloves Production in Hungary

In value terms, leather sports gloves production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 35%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Leather Sports Gloves Exports

Exports from Hungary

In 2022, the amount of leather sports gloves, mittens and mitts exported from Hungary expanded to X units, picking up by 4% on 2021 figures. Overall, exports showed perceptible growth. The most prominent rate of growth was recorded in 2019 when exports increased by 188%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, leather sports gloves exports surged to $X in 2022. In general, exports continue to indicate a temperate expansion. The growth pace was the most rapid in 2019 with an increase of 342%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for leather sports gloves exports from Hungary, with a 50% share of total exports. Moreover, leather sports gloves exports to Germany exceeded the volume sent to the second major destination, France (X units), fivefold. The third position in this ranking was held by Slovakia (X units), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+22.0% per year) and Slovakia (-0.8% per year).

In value terms, Germany ($X) remains the key foreign market for leather sports gloves, mittens and mitts exports from Hungary, comprising 70% of total exports. The second position in the ranking was held by France ($X), with a 5.1% share of total exports. It was followed by Italy, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+7.2% per year) and Italy (+5.6% per year).

Export Prices by Country

In 2022, the average leather sports gloves export price amounted to $X per unit, increasing by 43% against the previous year. In general, the export price posted a mild increase. The pace of growth was the most pronounced in 2019 an increase of 53%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports into Hungary

In 2022, leather sports gloves imports into Hungary expanded markedly to X units, surging by 7.5% on the previous year's figure. Over the period under review, imports, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2020 when imports increased by 25%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, leather sports gloves imports expanded markedly to $X in 2022. In general, imports, however, recorded a mild descent. The growth pace was the most rapid in 2020 when imports increased by 72%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Pakistan (X units) constituted the largest leather sports gloves supplier to Hungary, with a 60% share of total imports. Moreover, leather sports gloves imports from Pakistan exceeded the figures recorded by the second-largest supplier, Austria (X units), fivefold. France (X units) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume from Pakistan stood at -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+17.5% per year) and France (+17.2% per year).

In value terms, Pakistan ($X) constituted the largest supplier of leather sports gloves, mittens and mitts to Hungary, comprising 47% of total imports. The second position in the ranking was taken by Austria ($X), with a 12% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Pakistan amounted to -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+14.1% per year) and France (+15.1% per year).

Import Prices by Country

The average leather sports gloves import price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, leather sports gloves import price decreased by -33.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 37%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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