Hungary: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2024

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Hungary

The Hungarian knitted shawl and scarf market dropped dramatically to $X in 2022, declining by -66.1% against the previous year. In general, consumption saw a abrupt slump. Knitted shawl and scarf consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Hungary

In value terms, knitted shawl and scarf production reduced remarkably to $X in 2022 estimated in export price. Overall, production, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 417% against the previous year. As a result, production reached the peak level of $X, and then reduced dramatically in the following year.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports from Hungary

In 2022, approx. X units of shawls, scarves and the like of knitted or crocheted textiles were exported from Hungary; jumping by 134% compared with the previous year. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 3,182% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, knitted shawl and scarf exports skyrocketed to $X in 2022. In general, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 2,094%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units), Romania (X units) and Slovakia (X units) were the main destinations of knitted shawl and scarf exports from Hungary, together comprising 51% of total exports. The UK, Italy, the United States, Bulgaria, Serbia, Croatia, Poland, Austria, the Czech Republic and France lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +171.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for knitted shawl and scarf exported from Hungary were Germany ($X), Romania ($X) and the UK ($X), with a combined 51% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +166.1%, saw the highest growth rate of the value of exports, 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 knitted shawl and scarf export price amounted to $X per unit, which is down by -45.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 91%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per unit) and Bulgaria ($X per unit), while the average price for exports to Slovakia ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports into Hungary

In 2022, imports of shawls, scarves and the like of knitted or crocheted textiles into Hungary soared to X units, growing by 36% against the previous year. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 55% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, knitted shawl and scarf imports reached $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 34% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Slovakia (X units) and Poland (X units) were the main suppliers of knitted shawl and scarf imports to Hungary, with a combined 57% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +24.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest knitted shawl and scarf suppliers to Hungary were China ($X), Slovakia ($X) and Poland ($X), together accounting for 57% of total imports.

China, with a CAGR of +14.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average knitted shawl and scarf import price stood at $X per unit in 2022, falling by -26.4% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 22% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per unit) and Romania ($X per unit), while the price for Slovakia ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-7.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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