Hungary: Gloves Market 2024

Gloves Market Size in Hungary

The Hungarian gloves market stood at $X in 2022, increasing by X% against the previous year. In general, consumption, however, continues to indicate a mild reduction. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Gloves Production in Hungary

In value terms, gloves production shrank notably to $X in 2022 estimated in export price. In general, production faced a deep contraction. The growth pace was the most rapid in 2018 with an increase of X%. Gloves production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Gloves Exports

Exports from Hungary

In 2022, shipments abroad of gloves, mittens and mitts was finally on the rise to reach X pairs after five years of decline. Overall, exports showed strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X pairs in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, gloves exports totaled $X in 2022. In general, exports, however, showed a mild setback. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X pairs) was the main destination for gloves exports from Hungary, accounting for a X% share of total exports. Moreover, gloves exports to Romania exceeded the volume sent to the second major destination, Greece (X pairs), threefold. Germany (X pairs) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Germany (X% per year).

In value terms, the largest markets for gloves exported from Hungary were Germany ($X), Sweden ($X) and the United States ($X), with a combined X% share of total exports. Romania, the Netherlands, Greece, France, Poland, Belgium, Slovakia, Bosnia and Herzegovina, Bulgaria and Ukraine lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Greece, with a CAGR of X%, 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

The average gloves export price stood at $X per pair in 2022, which is down by X% against the previous year. In general, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2020 an increase of X%. The export price peaked at $X per pair in 2012; however, from 2013 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 the United States ($X per pair), while the average price for exports to Greece ($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 Slovakia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Gloves Imports

Imports into Hungary

In 2022, imports of gloves, mittens and mitts into Hungary expanded significantly to X pairs, increasing by X% against 2021 figures. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X pairs. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, gloves imports stood at $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Slovenia (X pairs), Pakistan (X pairs) and the Czech Republic (X pairs) were the main suppliers of gloves imports to Hungary, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gloves suppliers to Hungary were Slovenia ($X), Pakistan ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, Pakistan, with a CAGR of X%, recorded the highest growth rate of 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 gloves import price amounted to $X per pair, dropping by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices hit record highs at $X per pair in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per pair), while the price for Pakistan ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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