Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hungary - 2023

Contents:

  1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hungary (CIF) - 2023
  2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hungary (FOB) - 2023
  3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hungary
  4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hungary

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hungary (CIF) - 2023

The average import price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $17,618 per ton in December 2023, remaining relatively unchanged against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in September 2023 an increase of 31% m-o-m. The import price peaked at $18,539 per ton in October 2023; however, from November 2023 to December 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was China ($30,145 per ton), while the price for Bosnia and Herzegovina totaled $328 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hungary (FOB) - 2023

The average export price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $21,120 per ton in December 2023, with an increase of 16% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.9%. The export price peaked at $21,289 per ton in June 2023; however, from July 2023 to December 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Bosnia and Herzegovina ($27,207 per ton), while the average price for exports to Serbia amounted to $17,266 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hungary

In 2022, supplies from abroad of footwear; parts, outer soles and heels, of rubber or plasticses increased by 10% to 1.6K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses rose markedly to $21M in 2022. Overall, imports, however, saw a mild decline.

Import of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hungary (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany10.68.39.69.3-4.3%
Czech Republic4.31.91.84.1-1.6%
Italy2.42.82.52.62.7%
Austria2.04.23.21.4-11.2%
Portugal0.90.70.70.7-8.0%
Spain0.70.20.50.70.0%
Poland0.40.20.30.40.0%
Romania0.1N/A0.10.344.2%
Others0.91.01.41.518.6%
Total22.319.220.121.1-1.8%

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Hungary in 2022:

  1. Germany (1020.1 tons)
  2. Italy (166.0 tons)
  3. Czech Republic (84.1 tons)
  4. Portugal (83.1 tons)
  5. Austria (73.2 tons)
  6. Spain (54.8 tons)
  7. Poland (42.5 tons)
  8. Romania (34.1 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hungary

In 2022, shipments abroad of footwear; parts, outer soles and heels, of rubber or plasticses was finally on the rise to reach 365 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a precipitous shrinkage.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses surged to $5.5M in 2022. In general, exports, however, showed a drastic downturn.

Export of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hungary (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bosnia and Herzegovina2.63.12.53.49.4%
Germany2.91.61.11.3-23.5%
Romania1.00.60.60.6-15.7%
Italy0.50.40.10.1-41.5%
Bulgaria0.50.1N/AN/A-80.0%
Albania1.10.9N/AN/A-18.2%
Others0.10.10.10.10.0%
Total8.86.74.45.5-14.5%

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Hungary in 2022:

  1. Bosnia and Herzegovina (191.6 tons)
  2. Germany (107.4 tons)
  3. Romania (58.4 tons)
  4. Italy (2.8 tons)

Source: IndexBox Market Intelligence Platform

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