Hungary: Market for Manicure Or Pedicure Sets And Instruments 2024

Market Size for Manicure Or Pedicure Sets And Instruments in Hungary

In 2022, the Hungarian manicure or pedicure sets market decreased by -28.8% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a noticeable contraction. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Manicure Or Pedicure Sets And Instruments

Exports from Hungary

In 2022, shipments abroad of manicure or pedicure sets and instruments decreased by -6.9% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2014 when exports increased by 103%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, manicure or pedicure sets exports declined rapidly to $X in 2022. Overall, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 101% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X units), the Czech Republic (X units) and Slovakia (X units) were the main destinations of manicure or pedicure sets exports from Hungary, together accounting for 48% of total exports. Croatia, Bulgaria, Bosnia and Herzegovina, Serbia, Italy, Austria and Slovenia lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +49.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for manicure or pedicure sets exported from Hungary were Romania ($X), Slovakia ($X) and the Czech Republic ($X), with a combined 45% share of total exports. Croatia, Italy, Austria, Bulgaria, Bosnia and Herzegovina, Serbia and Slovenia lagged somewhat behind, together accounting for a further 51%.

Italy, with a CAGR of +54.7%, saw the highest growth rate of 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 manicure or pedicure sets export price amounted to $X per unit, waning by -15.7% against the previous year. Over the period under review, the export price continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2013 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Bulgaria ($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 Austria (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manicure Or Pedicure Sets And Instruments

Imports into Hungary

In 2022, purchases abroad of manicure or pedicure sets and instruments decreased by -12.8% to X units, falling for the second consecutive year after nine years of growth. Over the period under review, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 83%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, manicure or pedicure sets imports fell remarkably to $X in 2022. In general, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2014 with an increase of 55% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of manicure or pedicure sets to Hungary, with a 63% share of total imports. Moreover, manicure or pedicure sets imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Austria (X units) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.3% per year) and Austria (+24.9% per year).

In value terms, the largest manicure or pedicure sets suppliers to Hungary were Germany ($X), China ($X) and Austria ($X), together accounting for 84% of total imports.

Among the main suppliers, China, with a CAGR of +20.4%, saw 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 2022, the average manicure or pedicure sets import price amounted to $X per unit, with a decrease of -23.9% against the previous year. In general, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 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 UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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