Hungary: Jersey Market 2024

Jersey Market Size in Hungary

The Hungarian jersey market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption showed buoyant growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Jersey Production in Hungary

In value terms, jersey production dropped dramatically to $X in 2022 estimated in export price. Over the period under review, production faced a deep downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Jersey Exports

Exports from Hungary

In 2022, overseas shipments of jerseys, pullovers, cardigans and similar articles increased by X% to X units, rising for the fourth year in a row after three years of decline. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, jersey exports skyrocketed to $X in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its value 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, exports increased by X% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X units) was the main destination for jersey exports from Hungary, accounting for a X% share of total exports. Moreover, jersey exports to Romania exceeded the volume sent to the second major destination, Croatia (X units), twofold. Slovakia (X units) ranked third in terms of total exports with an X% share.

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

In value terms, the largest markets for jersey exported from Hungary were Romania ($X), Germany ($X) and Italy ($X), together comprising X% of total exports. The Czech Republic, Croatia, Slovakia, Poland, Bulgaria, Spain, Serbia and France lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average jersey export price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 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 Germany ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

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

Jersey Imports

Imports into Hungary

After three years of decline, purchases abroad of jerseys, pullovers, cardigans and similar articles increased by X% to X units in 2022. Overall, imports enjoyed a strong expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, jersey imports soared to $X in 2022. In general, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X units), China (X units) and Belgium (X units) were the main suppliers of jersey imports to Hungary, together comprising X% of total imports. Slovakia, Germany, Bangladesh, India, France, Spain, Turkey and Austria lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest jersey suppliers to Hungary were Poland ($X), Belgium ($X) and Germany ($X), together comprising X% of total imports. China, Slovakia, Spain, France, Bangladesh, Turkey, India and Austria lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Bangladesh, 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

The average jersey import price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Austria ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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