Hungary: Women Hosiery Market 2024

Women Hosiery Market Size in Hungary

In 2022, the Hungarian women hosiery market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption posted a prominent increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Women Hosiery Production in Hungary

In value terms, women hosiery production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Women hosiery production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Women Hosiery Exports

Exports from Hungary

In 2022, exports of socks, stockings and other women's hosiery from Hungary soared to X pairs, surging by X% compared with the previous year. In general, exports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, women hosiery exports skyrocketed to $X in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Romania (X pairs) was the main destination for women hosiery exports from Hungary, with a X% share of total exports. Moreover, women hosiery exports to Romania exceeded the volume sent to the second major destination, Slovakia (X pairs), fourfold. Croatia (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 amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Croatia (X% per year).

In value terms, Romania ($X) remains the key foreign market for socks, stockings and other women's hosiery exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with an X% share of total exports. It was followed by Croatia, with a X% share.

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

Export Prices by Country

In 2022, the average women hosiery export price amounted to $X per pair, with a decrease of X% against the previous year. Overall, the export price continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per pair in 2016; however, from 2017 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 ($X per pair), while the average price for exports to Austria ($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 Bosnia and Herzegovina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Women Hosiery Imports

Imports into Hungary

For the third year in a row, Hungary recorded growth in overseas purchases of socks, stockings and other women's hosiery, which increased by X% to X pairs in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, women hosiery imports surged to $X in 2022. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of women hosiery to Hungary, with a X% share of total imports. Moreover, women hosiery imports 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 a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled 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, China ($X), Poland ($X) and Germany ($X) were the largest women hosiery suppliers to Hungary, with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 women hosiery import price amounted to $X per pair, dropping by X% against the previous year. Over the period under review, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per pair in 2014; however, from 2015 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 France ($X per pair), while the price for Turkey ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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