Hungary: Safety Headgear Market 2024

Safety Headgear Market Size in Hungary

The Hungarian safety headgear market fell to $X in 2022, shrinking by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a resilient increase 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Safety Headgear Exports

Exports from Hungary

In 2022, approx. X units of safety headgear were exported from Hungary; with a decrease of X% compared with the previous year's figure. Overall, exports saw a perceptible contraction. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, safety headgear exports dropped to $X in 2022. Over the period under review, exports, however, saw a noticeable increase. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

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

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

In value terms, Slovakia ($X) remains the key foreign market for safety headgear exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Serbia ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

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

Export Prices by Country

In 2022, the average safety headgear export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Romania ($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 Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Safety Headgear Imports

Imports into Hungary

In 2022, purchases abroad of safety headgear was finally on the rise to reach X units after four years of decline. Over the period under review, imports saw a moderate expansion. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, safety headgear imports dropped rapidly to $X in 2022. Overall, imports enjoyed a strong expansion. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest safety headgear supplier to Hungary, accounting for a X% share of total imports. Moreover, safety headgear imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. The third position in this ranking was held by France (X units), with a X% share.

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

In value terms, France ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest safety headgear suppliers to Hungary, with a combined X% share of total imports. China, the Czech Republic, Poland, Italy, Austria, Spain, Belgium, Slovakia and Slovenia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Spain, with a CAGR of X%, saw 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 safety headgear import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price, however, recorded a buoyant increase. The growth pace was the most rapid in 2020 when the average import price increased by X%. The import price peaked at $X per unit in 2021, and then contracted remarkably in the following year.

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 ($X per unit), while the price for the Netherlands ($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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