Hungary: Sheepskin And Lambskin Market 2024

Sheepskin And Lambskin Market Size in Hungary

In 2021, after two years of growth, there was decline in the Hungarian sheepskin and lambskin market, when its value decreased by -2.5% to $X. Over the period under review, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +95.5% against 2016 indices. Over the period under review, the market hit record highs at $X in 2020, and then fell slightly in the following year.

Sheepskin And Lambskin Production in Hungary

In value terms, sheepskin and lambskin production surged to $X in 2021 estimated in export price. In general, production showed a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 42%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

In 2021, the average yield of sheep or lamb skins (without wool) in Hungary shrank remarkably to X kg per head, with a decrease of -24.7% compared with the previous year's figure. In general, the yield, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2020 with an increase of 69%. As a result, the yield attained the peak level of X kg per head, and then dropped remarkably in the following year.

The number of animals slaughtered for sheepskin and lambskin production in Hungary surged to X heads in 2021, jumping by 27% compared with 2020 figures. Over the period under review, the total number of producing animals indicated moderate growth from 2012 to 2021: its figure increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, number of animals slaughtered for sheepskin and lambskin production decreased by -18.8% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. The number of animals slaughtered for sheepskin and lambskin production peaked at X heads in 2018; however, from 2019 to 2021, producing animals remained at a lower figure.

Sheepskin And Lambskin Exports

Exports from Hungary

In 2021, shipments abroad of sheep or lamb skins (without wool) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt shrinkage. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, sheepskin and lambskin exports surged to $X in 2021. In general, exports, however, saw a precipitous slump. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for sheepskin and lambskin exports from Hungary, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey totaled -5.9%.

From 2012 to 2021, the average annual growth rate of value to Turkey amounted to -14.4%.

Export Prices by Country

The average sheepskin and lambskin export price stood at $X per ton in 2021, waning by -87.4% against the previous year. In general, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 an increase of 347%. As a result, the export price reached the peak level of $X per ton, and then fell remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to +1.8% per year.

Sheepskin And Lambskin Imports

Imports into Hungary

In 2021, the amount of sheep or lamb skins (without wool) imported into Hungary soared to X kg, jumping by 64% on the year before. Overall, imports, however, recorded a sharp reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 188% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, sheepskin and lambskin imports surged to $X in 2021. In general, imports, however, showed a sharp descent. The most prominent rate of growth was recorded in 2016 with an increase of 113% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Austria (X kg) constituted the largest supplier of sheepskin and lambskin to Hungary, with a 74% share of total imports. Moreover, sheepskin and lambskin imports from Austria exceeded the figures recorded by the second-largest supplier, Italy (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Austria totaled -15.8%.

In value terms, Austria ($X) and Italy ($X) were the largest sheepskin and lambskin suppliers to Hungary.

Austria, with a CAGR of -8.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2021, the average sheepskin and lambskin import price amounted to $X per ton, jumping by 30% against the previous year. In general, the import price enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2017 an increase of 76% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Austria stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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