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Hungary - Footwear with uppers of textile materials - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Market for Footwear with Uppers of Textile Materials 2023

Market Size for Footwear with Uppers of Textile Materials in Hungary

The Hungarian market for footwear with uppers of textile materials stood at $X in 2021, picking up by 13% against the previous year. In general, consumption, however, enjoyed a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Footwear with Uppers of Textile Materials in Hungary

In value terms, production of footwear with uppers of textile materials rose slightly to $X in 2021 estimated in export price. In general, production saw a modest increase. The growth pace was the most rapid in 2016 with an increase of 86%. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Footwear with Uppers of Textile Materials

Exports from Hungary

In 2021, exports of footwear with uppers of textile materials from Hungary skyrocketed to X tons, increasing by 28% against 2020. The total export volume increased at an average annual rate of +28.3% from 2020 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of footwear with uppers of textile materials stood at $X in 2021. The total export value increased at an average annual rate of +3.2% from 2020 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons) was the main destination for exports of footwear with uppers of textile materials from Hungary, accounting for a 40% share of total exports. Moreover, exports of footwear with uppers of textile materials to Romania exceeded the volume sent to the second major destination, Germany (X tons), threefold. Croatia (X tons) ranked third in terms of total exports with a 12% share.

From 2020 to 2021, the average annual rate of growth in terms of volume to Romania totaled +79.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-13.1% per year) and Croatia (+24.0% per year).

In value terms, Romania ($X), Germany ($X) and Austria ($X) constituted the largest markets for footwear with uppers of textile materials exported from Hungary worldwide, together accounting for 61% of total exports.

In terms of the main countries of destination, Austria, with a CAGR of +413.8%, recorded 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 export price for footwear with uppers of textile materials amounted to $X per ton, which is down by -19.6% against the previous year. In general, the export price continues to indicate a abrupt decline. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then fell significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Austria ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+9.0%), while the prices for the other major destinations experienced a decline.

Imports of Footwear with Uppers of Textile Materials

Imports into Hungary

In 2021, the amount of footwear with uppers of textile materials imported into Hungary rose rapidly to X tons, growing by 12% against 2020 figures. The total import volume increased at an average annual rate of +11.7% over the period from 2020 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of footwear with uppers of textile materials surged to $X in 2021. The total import value increased at an average annual rate of +25.9% from 2020 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Greece (X tons) and Slovakia (X tons) were the main suppliers of imports of footwear with uppers of textile materials to Hungary, together accounting for 56% of total imports. Poland, France, Romania, Germany, the Czech Republic, Austria, Slovenia, the Netherlands, Italy and Spain lagged somewhat behind, together comprising a further 42%.

From 2020 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +557.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest footwear with uppers of textile materials suppliers to Hungary were Poland ($X), China ($X) and Slovakia ($X), together comprising 41% of total imports. Germany, Romania, the Czech Republic, France, the Netherlands, Greece, Slovenia, Italy, Austria and Spain lagged somewhat behind, together comprising a further 57%.

Romania, with a CAGR of +798.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for footwear with uppers of textile materials stood at $X per ton in 2021, picking up by 13% against the previous year. Over the last one-year period, it increased at an average annual rate of +12.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+67.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for footwear with uppers of textile materials in the world?

The country with the largest volume of consumption of footwear with uppers of textile materials was the United States, comprising approx. 32% of total volume. Moreover, consumption of footwear with uppers of textile materials in the United States exceeded the figures recorded by the second-largest consumer, Russia, fivefold. The third position in this ranking was taken by Japan, with a 5.3% share.

What are the largest producers of footwear with uppers of textile materials in the world?

The country with the largest volume of production of footwear with uppers of textile materials was China, accounting for 69% of total volume. Moreover, production of footwear with uppers of textile materials in China exceeded the figures recorded by the second-largest producer, Vietnam, sixfold. The third position in this ranking was taken by Turkey, with a 3.1% share.

What are the leading suppliers of footwear with uppers of textile materials to Hungary?

In value terms, Poland, China and Slovakia were the largest footwear with uppers of textile materials suppliers to Hungary, with a combined 41% share of total imports. Germany, Romania, the Czech Republic, France, the Netherlands, Greece, Slovenia, Italy, Austria and Spain lagged somewhat behind, together accounting for a further 57%.

What are the leading importers of footwear with uppers of textile materials from Hungary?

In value terms, Romania, Germany and Austria appeared to be the largest markets for footwear with uppers of textile materials exported from Hungary worldwide, together comprising 61% of total exports.

What is the average export price for footwear with uppers of textile materials in Hungary?

The average export price for footwear with uppers of textile materials stood at $20,445 per ton in 2021, declining by -19.6% against the previous year.

What is the average import price for footwear with uppers of textile materials in Hungary?

In 2021, the average import price for footwear with uppers of textile materials amounted to $16,628 per ton, picking up by 13% against the previous year.

This report provides an in-depth analysis of the market for footwear with uppers of textile materials 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 2030.

Product coverage:

• Prodcom 15201444 - Slippers and other indoor footwear (including dancing and bedroom slippers, mules) with uppers of textile materials

• Prodcom 15201445 - Footwear with rubber, plastic or leather outer soles and textile uppers (excluding slippers and other indoor footwear, sports footwear)

• Prodcom 15201446 - Footwear with textile uppers (excluding slippers and other indoor footwear as well as footwear with outer soles of rubber, plastics, leather or composition leather)

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

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance