Hungary: Men Knitwear Market 2025

Men Knitwear Market Size in Hungary

The Hungarian men knitwear market skyrocketed to $X in 2022, picking up by 137% against the previous year. Overall, consumption continues to indicate a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Men Knitwear Production in Hungary

In value terms, men knitwear production surged to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 35%. Men knitwear production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Men Knitwear Exports

Exports from Hungary

For the third year in a row, Hungary recorded growth in shipments abroad of men's or boys' clothing (knitted or crocheted), which increased by 0.5% to X units in 2022. In general, exports posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 125%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, men knitwear exports surged to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 64%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Croatia (X units), Romania (X units) and Germany (X units) were the main destinations of men knitwear exports from Hungary, with a combined 57% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +76.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Italy ($X) and Germany ($X) appeared to be the largest markets for men knitwear exported from Hungary worldwide, with a combined 55% share of total exports. Croatia, Serbia, Austria, the Czech Republic and Poland lagged somewhat behind, together accounting for a further 20%.

Serbia, with a CAGR of +60.8%, recorded the highest rates of growth with regard to 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

The average men knitwear export price stood at $X per unit in 2022, growing by 52% against the previous year. In general, the export price, however, continues to indicate a perceptible decrease. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat 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 Italy ($X per unit), while the average price for exports to the Czech Republic ($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 Poland (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Men Knitwear Imports

Imports into Hungary

In 2022, approx. X units of men's or boys' clothing (knitted or crocheted) were imported into Hungary; jumping by 58% on 2021. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2013 when imports increased by 77%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, men knitwear imports soared to $X in 2022. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 58%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of men knitwear to Hungary, accounting for a 31% share of total imports. Moreover, men knitwear imports from Germany exceeded the figures recorded by the second-largest supplier, India (X units), threefold. Poland (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +44.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+121.1% per year) and Poland (+60.1% per year).

In value terms, Germany ($X), Poland ($X) and China ($X) constituted the largest men knitwear suppliers to Hungary, together accounting for 37% of total imports. India, Bangladesh, Belgium, Austria, Spain, Slovakia, Turkey and France lagged somewhat behind, together accounting for a further 46%.

Among the main suppliers, Bangladesh, with a CAGR of +142.2%, 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 men knitwear import price amounted to $X per unit, waning by -20.8% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of 20%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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