Hungary: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Hungary

The Hungarian walking-sticks and whips market declined modestly to $X in 2021, leveling off at the previous year. Overall, consumption enjoyed noticeable growth. Walking-sticks and whips consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Walking-Sticks And Whips Production in Hungary

In value terms, walking-sticks and whips production dropped notably to $X in 2021 estimated in export price. Overall, production showed a pronounced reduction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 251% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Walking-Sticks And Whips Exports

Exports from Hungary

For the third year in a row, Hungary recorded growth in overseas shipments of walking-sticks, seat-sticks, whips and riding-crops, which increased by 95% to X tons in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 1,458%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, walking-sticks and whips exports surged to $X in 2021. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 978%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Slovakia (X tons), Serbia (X tons) and Romania (X tons) were the main destinations of walking-sticks and whips exports from Hungary, together comprising 67% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +121.9%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Serbia ($X) and Austria ($X) were the largest markets for walking-sticks and whips exported from Hungary worldwide, with a combined 65% share of total exports. The Czech Republic, Romania, Poland, the United States, Croatia, Germany, Bulgaria and Turkey lagged somewhat behind, together comprising a further 29%.

In terms of the main countries of destination, Croatia, with a CAGR of +122.5%, saw the highest rates of growth with regard to 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 2021, the average walking-sticks and whips export price amounted to $X per ton, increasing by 25% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average export price increased by 80% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Turkey ($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 Serbia (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports into Hungary

In 2021, imports of walking-sticks, seat-sticks, whips and riding-crops into Hungary surged to X tons, increasing by 41% compared with 2020. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 296%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, walking-sticks and whips imports soared to $X in 2021. Overall, imports showed a prominent increase. The growth pace was the most rapid in 2014 when imports increased by 249%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of walking-sticks and whips to Hungary, with a 71% share of total imports. Moreover, walking-sticks and whips imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. The third position in this ranking was held by Spain (X tons), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +64.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+14.2% per year) and Spain (+45.0% per year).

In value terms, China ($X), France ($X) and Spain ($X) appeared to be the largest walking-sticks and whips suppliers to Hungary, together comprising 72% of total imports.

China, with a CAGR of +52.9%, saw the highest growth rate of 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

In 2021, the average walking-sticks and whips import price amounted to $X per ton, which is down by -4.3% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 32%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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