Hungary: Footwear Making Machinery Market 2024

Footwear Making Machinery Market Size in Hungary

The Hungarian footwear making machinery market shrank notably to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, continues to indicate a perceptible expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Footwear Making Machinery Production in Hungary

In value terms, footwear making machinery production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Footwear Making Machinery Exports

Exports from Hungary

Footwear making machinery exports from Hungary plummeted to X units in 2022, waning by X% compared with 2021. In general, exports, however, showed a resilient increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, footwear making machinery exports contracted to $X in 2022. Overall, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Bosnia and Herzegovina (X units) and the Czech Republic (X units) were the main destinations of footwear making machinery exports from Hungary, together comprising X% of total exports.

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

In value terms, Bosnia and Herzegovina ($X), Germany ($X) and Ukraine ($X) constituted the largest markets for footwear making machinery exported from Hungary worldwide, with a combined X% share of total exports.

Ukraine, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 2022, the average footwear making machinery export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price recorded a slight expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to the Czech Republic ($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 Ukraine (X%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Making Machinery Imports

Imports into Hungary

In 2022, approx. X units of machinery for making or repairing footwear were imported into Hungary; which is down by X% on 2021 figures. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear making machinery imports reduced markedly to $X in 2022. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest footwear making machinery supplier to Hungary, with a X% share of total imports. Moreover, footwear making machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Austria (X units), sixfold. Bosnia and Herzegovina (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Bosnia and Herzegovina (X% per year).

In value terms, Italy ($X) constituted the largest supplier of machinery for making or repairing footwear to Hungary, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Germany (X% per year).

Import Prices by Country

The average footwear making machinery import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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