Hungary: Skis Market 2024

Skis Market Size in Hungary

The Hungarian skis market contracted dramatically to $X in 2021, falling by -79% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a dramatic descent. Skis consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Skis Exports

Exports from Hungary

In 2021, the amount of skis for winter sports exported from Hungary shrank to X tons, which is down by -7.8% compared with 2020. In general, exports, however, continue to indicate a measured expansion. The pace of growth was the most pronounced in 2013 when exports increased by 144% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, skis exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2013 when exports increased by 100%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons) was the main destination for skis exports from Hungary, accounting for a 47% share of total exports. Moreover, skis exports to Slovakia exceeded the volume sent to the second major destination, the United States (X kg), fourfold. Serbia (X kg) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovakia stood at +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+24.5% per year) and Serbia (-11.4% per year).

In value terms, Slovakia ($X) emerged as the key foreign market for skis for winter sports exports from Hungary, comprising 56% of total exports. The second position in the ranking was held by Turkey ($X), with a 13% share of total exports. It was followed by Serbia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Slovakia stood at +29.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-12.1% per year) and Serbia (-9.3% per year).

Export Prices by Country

In 2021, the average skis export price amounted to $X per ton, surging by 66% against the previous year. Over the period under review, the export price enjoyed prominent growth. The growth pace was the most rapid in 2014 when the average export price increased by 113%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Turkey ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Skis Imports

Imports into Hungary

Skis imports into Hungary dropped markedly to X tons in 2021, reducing by -67.9% against 2020. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 29% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, skis imports reduced markedly to $X in 2021. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2014 when imports increased by 46% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Austria (X tons), France (X tons) and Spain (X kg) were the main suppliers of skis imports to Hungary, with a combined 85% share of total imports. These countries were followed by Belgium, Germany, the Czech Republic, China and Slovakia, which together accounted for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +340.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest skis suppliers to Hungary were Austria ($X), France ($X) and Spain ($X), together comprising 94% of total imports. These countries were followed by Germany, the Czech Republic, Belgium, China and Slovakia, which together accounted for a further 4.8%.

In terms of the main suppliers, Belgium, with a CAGR of +275.4%, recorded the highest growth rate of 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 skis import price stood at $X per ton in 2021, dropping by -2.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.6%. The most prominent rate of growth was recorded in 2014 an increase of 34% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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