Hungary: T-Shirt Market Overview 2020

T-Shirt Market Size in Hungary

The revenue of the t-shirt market in Hungary amounted to $X in 2018, waning by -X% against the previous year. Overall, t-shirt consumption, however, continues to indicate extraordinary growth. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. T-shirt consumption peaked at $X in 2017, and then declined slightly in the following year.

T-Shirt Production in Hungary

In value terms, t-shirt production amounted to $X in 2018 estimated in export prices. Overall, t-shirt production, however, continues to indicate a deep drop. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, t-shirt production attained its peak figure level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

T-Shirt Exports

Exports from Hungary

In 2018, approx. X tonnes of t-shirts were exported from Hungary; jumping by X% against the previous year. Over the period under review, t-shirt exports, however, continue to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, t-shirt exports attained their peak figure at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, t-shirt exports stood at $X in 2018. In general, t-shirt exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, t-shirt exports attained their maximum at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

Germany (X tonnes), Croatia (X tonnes) and Romania (X tonnes) were the main destinations of t-shirt exports from Hungary, with a combined X% share of total exports. Italy, the Czech Republic, Slovenia, Switzerland, Serbia, Poland, Austria, Greece and France lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and Italy ($X) constituted the largest markets for t-shirt exported from Hungary worldwide, together comprising X% of total exports. Croatia, Switzerland, Austria, Slovenia, France, the Czech Republic, Serbia, Greece and Poland lagged somewhat behind, together comprising a further X (+X% per year) experienced the highest growth rate of exports, among the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average t-shirt export price amounted to $X per tonne, waning by -X% against the previous year. In general, the export price indicated a strong increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, t-shirt export price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. In that year, the average export prices for t-shirts attained their peak level of $X per tonne, and then declined slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Austria ($X per tonne), while the average price for exports to the Czech Republic ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Austria, while the prices for the other major destinations experienced more modest paces of growth.

T-Shirt Imports

Imports into Hungary

In 2018, the amount of t-shirts imported into Hungary amounted to X tonnes, dropping by -X% against the previous year. In general, t-shirt imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Over the period under review, t-shirt imports reached their peak figure at X tonnes in 2017, and then declined slightly in the following year.

In value terms, t-shirt imports amounted to $X in 2018. In general, t-shirt imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. In that year, t-shirt imports attained their peak of $X, and then declined slightly in the following year.

Imports by Country

The UK (X tonnes), Turkey (X tonnes) and Belgium (X tonnes) were the main suppliers of t-shirt imports to Hungary, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the UK, while the other leaders experienced more modest paces of growth.

In value terms, the largest t-shirt suppliers to Hungary were Turkey ($X), Germany ($X) and the UK ($X), with a combined X% share of total imports.

The UK experienced the highest rates of growth with regard to imports, among the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average t-shirt import price stood at $X per tonne in 2018, coming down by -X% against the previous year. In general, the t-shirt import price continues to indicate a measured reduction. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. The import price peaked at $X per tonne in 2009; however, from 2010 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Austria ($X per tonne), while the price for the UK ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Slovakia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform