Hungary: T-Shirt Market Overview 2021

T-Shirt Market Size in Hungary

In 2020, the Hungarian t-shirt market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, recorded a temperate expansion. The pace of growth was the most pronounced in 2018 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2019 to 2020, the growth of the market failed to regain the momentum.

T-Shirt Production in Hungary

In value terms, t-shirt production shrank modestly to $X in 2020 estimated in export prices. Overall, production continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% against the previous year. T-shirt production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

T-Shirt Exports

Exports from Hungary

In 2020, the amount of t-shirts exported from Hungary skyrocketed to X units, growing by X% against 2019. Over the period under review, exports recorded a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, exports reached the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, t-shirt exports expanded rapidly to $X in 2020. In general, total exports indicated a measured increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in the near future.

Exports by Country

Croatia (X units), Bulgaria (X units) and Poland (X units) were the main destinations of t-shirt exports from Hungary, with a combined X% share of total exports. Germany, Slovenia, the Czech Republic, Romania, Italy, Switzerland, Ireland, Slovakia and Austria lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Ireland (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for t-shirt exported from Hungary were Switzerland ($X), Germany ($X) and Croatia ($X), together accounting for X% of total exports. Bulgaria, Poland, Slovenia, the Czech Republic, Austria, Italy, Romania, Ireland and Slovakia lagged somewhat behind, together comprising a further X the main countries of destination, Ireland (+X% per year) saw 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

In 2020, the average t-shirt export price amounted to $X per unit, reducing by -X% against the previous year. Overall, the export price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per unit in 2009; however, from 2010 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland, while the prices for the other major destinations experienced mixed trend patterns.

T-Shirt Imports

Imports into Hungary

In 2020, supplies from abroad of t-shirts decreased by -X% to X units, falling for the second consecutive year after nine years of growth. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, t-shirt imports rose to $X in 2020. In general, imports, however, recorded a moderate expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

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

From 2007 to 2020, the biggest increases were in the UK, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Germany ($X) and Poland ($X) were the largest t-shirt suppliers to Hungary, together comprising X% of total imports. The UK, Slovakia, France and Spain lagged somewhat behind, together comprising a further X terms of the main suppliers, the UK saw 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 2020, the average t-shirt import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The import price peaked at $X per unit in 2009; however, from 2010 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for t-shirts in the world?

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The countries with the highest volumes of t-shirt consumption in 2020 were China (3.4B units), the U.S. (2.1B units) and India (1.4B units), with a combined 37% share of global consumption. Pakistan, Indonesia, Germany, Bangladesh, Japan, Mexico, the UK, Spain, Turkey and Ethiopia lagged somewhat behind, together comprising a further 27%.

What are the largest producers of t-shirts in the world?

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China (5.9B units) constituted the country with the largest volume of t-shirt production, comprising approx. 30% of total volume. Moreover, t-shirt production in China exceeded the figures recorded by the second-largest producer, Bangladesh (2.6B units), twofold. India (1.7B units) ranked third in terms of total production with a 8.6% share.

What are the leading suppliers of t-shirts to Hungary?

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In value terms, the largest t-shirt suppliers to Hungary were Turkey ($45M), Germany ($37M) and Poland ($34M), with a combined 54% share of total imports. These countries were followed by the UK, Slovakia, France and Spain, which together accounted for a further 27%.

What are the leading importers of t-shirts from Hungary?

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In value terms, Switzerland ($15M), Germany ($14M) and Croatia ($12M) were the largest markets for t-shirt exported from Hungary worldwide, with a combined 45% share of total exports. These countries were followed by Bulgaria, Poland, Slovenia, the Czech Republic, Austria, Italy, Romania, Ireland and Slovakia, which together accounted for a further 44%.

What is the average export price for t-shirts in Hungary?

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The average t-shirt export price stood at $2.1 per unit in 2020, which is down by -25.6% against the previous year.

What is the average import price for t-shirts in Hungary?

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The average t-shirt import price stood at $2.5 per unit in 2020, with an increase of 7.9% against the previous year.