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Hungary - Apparel Of Leather Or Of Composition Leather - Market Analysis, Forecast, Size, Trends and Insights
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Hungary: Leather Apparel Market Overview 2021

Leather Apparel Market Size in Hungary

The Hungarian leather apparel market dropped notably to $X in 2020, waning by -X% against the previous year. Overall, consumption recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Leather Apparel Production in Hungary

In value terms, leather apparel production contracted to $X in 2020 estimated in export prices. Overall, production, however, continues to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

Leather Apparel Exports

Exports from Hungary

In 2020, the amount of apparel of leather or of composition leather exported from Hungary declined notably to X units, shrinking by -X% compared with the year before. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at X units in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, leather apparel exports fell significantly to $X in 2020. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2014 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Germany (X units) was the main destination for leather apparel exports from Hungary, with a X% share of total exports. Moreover, leather apparel exports to Germany exceeded the volume sent to the second major destination, Spain (X units), threefold. The third position in this ranking was occupied by Italy (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Italy (-X% per year).

In value terms, Germany ($X), Italy ($X) and Spain ($X) appeared to be the largest markets for leather apparel exported from Hungary worldwide, together accounting for X% of total exports.

Among the main countries of destination, Spain recorded the highest growth rate of 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 2020, the average leather apparel export price amounted to $X per unit, declining by -X% against the previous year. Overall, the export price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. As a result, export price reached the peak level of $X per unit. From 2014 to 2020, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina, while the prices for the other major destinations experienced more modest paces of growth.

Leather Apparel Imports

Imports into Hungary

In 2020, leather apparel imports into Hungary shrank dramatically to X units, dropping by -X% on the previous year. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Imports peaked at X units in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, leather apparel imports dropped dramatically to $X in 2020. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

Slovenia (X units), Germany (X units) and Spain (X units) were the main suppliers of leather apparel imports to Hungary, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in Slovenia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of leather apparel to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Slovakia (+X% per year).

Import Prices by Country

In 2020, the average leather apparel import price amounted to $X per unit, reducing by -X% against the previous year. Overall, import price indicated a temperate increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, leather apparel import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for apparel of leather or of composition leather in the world?
+
China (115M units) constituted the country with the largest volume of leather apparel consumption, accounting for 54% of total volume. Moreover, leather apparel consumption in China exceeded the figures recorded by the second-largest consumer, India (9.9M units), more than tenfold. The third position in this ranking was occupied by the U.S. (8.8M units), with a 4.1% share.
What are the largest producers of apparel of leather or of composition leather in the world?
+
China (118M units) remains the largest leather apparel producing country worldwide, accounting for 54% of total volume. Moreover, leather apparel production in China exceeded the figures recorded by the second-largest producer, India (15M units), eightfold. The third position in this ranking was occupied by Pakistan (9.3M units), with a 4.3% share.
What are the leading suppliers of apparel of leather or of composition leather to Hungary?
+
In value terms, Germany ($1.4M) constituted the largest supplier of leather apparel to Hungary, comprising 41% of total imports. The second position in the ranking was occupied by Spain ($538K), with a 15% share of total imports. It was followed by Slovakia, with a 7.6% share.
What are the leading importers of apparel of leather or of composition leather from Hungary?
+
In value terms, Germany ($194K), Italy ($153K) and Spain ($60K) constituted the largest markets for leather apparel exported from Hungary worldwide, with a combined 63% share of total exports.
What is the average export price for apparel of leather or of composition leather in Hungary?
+
In 2020, the average leather apparel export price amounted to $78 per unit, with a decrease of -12.6% against the previous year.
What is the average import price for apparel of leather or of composition leather in Hungary?
+
The average leather apparel import price stood at $54 per unit in 2020, shrinking by -1.6% against the previous year.

Product coverage:
• Prodcom 14111000 - Articles of apparel of leather or of composition leather (including coats and overcoats) (excluding clothing accessories, headgear, footwear)

This report provides an in-depth analysis of the leather apparel market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Hungary

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hungary
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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