Hungary: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2024

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Hungary

In 2022, the Hungarian market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by X% to $X, falling for the fourth consecutive year after three years of growth. Over the period under review, consumption, however, recorded prominent growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Hungary

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap rose slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from Hungary

In 2022, the amount of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exported from Hungary rose notably to X pairs, increasing by X% compared with the year before. Over the period under review, exports showed buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of X pairs. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap soared to $X in 2022. In general, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Slovakia (X pairs), Poland (X pairs) and Romania (X pairs) were the main destinations of exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from Hungary, together accounting for X% of total exports. Germany, Italy, Austria, Iraq, Croatia, the Czech Republic, Kosovo, Serbia, Bulgaria and Bosnia and Herzegovina lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per pair, jumping by X% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by X% against 2019 indices. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per pair), while the average price for exports to Iraq ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into Hungary

In 2022, supplies from abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by X% to X pairs, falling for the fourth consecutive year after three years of growth. In general, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports attained the peak of X pairs. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap expanded rapidly to $X in 2022. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X pairs) constituted the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap supplier to Hungary, accounting for a X% share of total imports. Moreover, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from China exceeded the figures recorded by the second-largest supplier, Slovakia (X pairs), twofold. Poland (X pairs) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Poland (X% per year).

In value terms, the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap suppliers to Hungary were Slovakia ($X), Poland ($X) and Germany ($X), with a combined X% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per pair, rising by X% against the previous year. Over the period under review, the import price saw a pronounced expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per pair in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per pair), while the price for Turkey ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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