Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hungary - 2023
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hungary (CIF) - 2023
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hungary (FOB) - 2022
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hungary
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hungary
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hungary (CIF) - 2023
The average import price for articles of apparel and clothing accessories, of leather or of composition leather stood at $16.1 per unit in November 2023, with an increase of 43% against the previous month. In general, import price indicated noticeable growth from November 2022 to November 2023: its price increased at an average monthly rate of +2.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for articles of apparel and clothing accessories, of leather or of composition leather increased by +42.7% against October 2023 indices. The pace of growth appeared the most rapid in February 2023 an increase of 62% month-to-month. Over the period under review, average import prices hit record highs in November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($45.5 per unit), while the price for Slovenia ($5.3 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Pakistan (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hungary (FOB) - 2022
In 2022, the average export price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $27 per unit, with an increase of 17% against the previous year. In general, the export price, however, recorded a abrupt setback. The growth pace was the most rapid in 2016 when the average export price increased by 427% against the previous year. The export price peaked at $414 per unit in 2018; however, from 2019 to 2022, the 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 Sweden ($84 per unit), while the average price for exports to Senegal ($0.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hungary
In 2022, the amount of articles of apparel and clothing accessories, of leather or of composition leather imported into Hungary expanded markedly to 1.8M units, increasing by 14% against 2021. The total import volume increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 30% against the previous year. As a result, imports reached the peak of 1.9M units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather stood at $20M in 2022. In general, imports, however, showed a abrupt decrease. Over the period under review, imports of hit record highs at $26M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.8 | 3.2 | 3.3 | 3.2 | 4.6% |
| Pakistan | 1.8 | 2.3 | 2.3 | 2.6 | 13.0% |
| Slovenia | 2.3 | 2.4 | 1.7 | 2.5 | 2.8% |
| Poland | 1.3 | 1.5 | 1.7 | 1.8 | 11.5% |
| China | 4.2 | 3.6 | 1.6 | 1.8 | -24.6% |
| Czech Republic | 1.6 | 1.1 | 1.3 | 1.1 | -11.7% |
| Sweden | 1.7 | 1.5 | 1.0 | 0.9 | -19.1% |
| Austria | 0.8 | 0.7 | 0.9 | 0.9 | 4.0% |
| France | 1.2 | 1.0 | 1.1 | 0.8 | -12.6% |
| Slovakia | 1.4 | 0.7 | 0.7 | 0.7 | -20.6% |
| Turkey | 0.5 | 0.4 | 0.1 | 0.1 | -41.5% |
| India | 0.4 | 0.3 | 0.2 | 0.1 | -37.0% |
| Others | 6.1 | 2.9 | 3.3 | 3.0 | -21.1% |
| Total | 26.3 | 21.5 | 19.2 | 19.5 | -9.5% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Hungary in 2022:
- Pakistan (499.6K units)
- Slovenia (497.2K units)
- China (150.8K units)
- Czech Republic (142.1K units)
- Poland (112.4K units)
- Germany (84.1K units)
- Sweden (58.7K units)
- Austria (54.2K units)
- Slovakia (48.0K units)
- France (23.6K units)
- India (20.2K units)
- Turkey (7.5K units)
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hungary
In 2022, overseas shipments of articles of apparel and clothing accessories, of leather or of composition leather decreased by -10.5% to 393K units, falling for the second year in a row after two years of growth. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 443%. As a result, the exports attained the peak of 450K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather expanded to $11M in 2022. Over the period under review, exports saw a abrupt descent. Over the period under review, the exports of hit record highs at $15M in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
| Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,576 | 1,762 | 1,569 | 2,872 | 3.7% |
| United States | 529 | 2,966 | 2,033 | 1,364 | 37.1% |
| Sweden | 2,147 | 2,533 | 745 | 1,260 | -16.3% |
| Czech Republic | 116 | 334 | 497 | 667 | 79.2% |
| Romania | 948 | 592 | 764 | 610 | -13.7% |
| Poland | 196 | 160 | 381 | 497 | 36.4% |
| France | 616 | 266 | 320 | 237 | -27.3% |
| Greece | 163 | 101 | 97.4 | 151 | -2.5% |
| Slovakia | 473 | 165 | 110 | 148 | -32.1% |
| Ireland | 6.8 | 4.5 | 48.2 | 99.4 | 144.5% |
| China | 162 | 56.6 | 146 | 93.4 | -16.8% |
| Bosnia and Herzegovina | 23.5 | 33.9 | 58.5 | 56.4 | 33.9% |
| Senegal | N/A | N/A | 2.9 | 5.1 | 75.9% |
| Others | 6,747 | 6,310 | 3,296 | 2,449 | -28.7% |
| Total | 14,703 | 15,284 | 10,066 | 10,509 | -10.6% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Hungary in 2022:
- Romania (86.9K units)
- Germany (85.8K units)
- Slovakia (25.5K units)
- United States (23.5K units)
- Poland (19.5K units)
- Sweden (15.0K units)
- Ireland (14.0K units)
- Czech Republic (11.5K units)
- Bosnia and Herzegovina (9.2K units)
- Senegal (8.7K units)
- Greece (7.8K units)
- France (7.4K units)
- China (6.5K units)
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