Hungary: Footwear Treatments Market 2024

Footwear Treatments Market Size in Hungary

After two years of growth, the Hungarian footwear treatments market decreased by -1.3% to $X in 2022. Overall, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +58.3% against 2012 indices. Footwear treatments consumption peaked at $X in 2021, and then declined in the following year.

Footwear Treatments Production in Hungary

In value terms, footwear treatments production rose to $X in 2022 estimated in export price. Overall, production showed a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 37%. Footwear treatments production peaked at $X in 2020; afterwards, it flattened through to 2022.

Footwear Treatments Exports

Exports from Hungary

After three years of growth, overseas shipments of polishes and creams for footwear or leather decreased by -25.8% to X tons in 2022. Overall, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 1,036%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, footwear treatments exports declined sharply to $X in 2022. Over the period under review, exports, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2014 with an increase of 732%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Germany (X tons) and Slovenia (X tons) were the main destinations of footwear treatments exports from Hungary, together accounting for 71% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +104.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for polishes and creams for footwear or leather exports from Hungary, comprising 35% of total exports. The second position in the ranking was held by Slovenia ($X), with a 13% share of total exports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +75.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+48.3% per year) and the Netherlands (-1.5% per year).

Export Prices by Country

The average footwear treatments export price stood at $X per ton in 2022, dropping by -3.6% against the previous year. Overall, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2013 when the average export price increased by 35% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.

Footwear Treatments Imports

Imports into Hungary

Footwear treatments imports into Hungary dropped to X tons in 2022, declining by -14.8% against the year before. Overall, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.2% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 51% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, footwear treatments imports declined to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 36%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Poland (X tons) and Austria (X tons) were the main suppliers of footwear treatments imports to Hungary, with a combined 71% share of total imports. Slovakia, the Netherlands, Turkey, Romania and the Czech Republic lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +19.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest footwear treatments suppliers to Hungary were Austria ($X), Poland ($X) and Germany ($X), with a combined 71% share of total imports. Slovakia, the Netherlands, Turkey, Romania and the Czech Republic lagged somewhat behind, together comprising a further 21%.

Among the main suppliers, the Netherlands, with a CAGR of +11.4%, 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

The average footwear treatments import price stood at $X per ton in 2022, surging by 11% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 30%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average 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 Austria ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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