Hungary - Men's Or Boys' Clothing (Knitted Or Crocheted) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMen Knitwear Price in Hungary - 2023
Contents:
- Men Knitwear Price in Hungary (CIF) - 2022
- Men Knitwear Price in Hungary (FOB) - 2023
- Men Knitwear Imports in Hungary
- Men Knitwear Exports in Hungary
Men Knitwear Price in Hungary (CIF) - 2022
The average men knitwear import price stood at $4.2 per unit in 2022, dropping by -20.8% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 20% against the previous year. The import price peaked at $11 per unit in 2012; however, from 2013 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 Turkey ($8 per unit), while the price for Germany ($2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Men Knitwear Price in Hungary (FOB) - 2023
In June 2023, the average men knitwear export price amounted to $4.4 per unit, picking up by 21% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in January 2023 an increase of 30% month-to-month. Over the period under review, the average export prices hit record highs at $5.4 per unit in February 2023; however, from March 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($5.7 per unit), while the average price for exports to Romania ($3.5 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Men Knitwear Imports in Hungary
For the fourth consecutive year, Hungary recorded growth in overseas purchases of men's or boys' clothing (knitted or crocheted), which increased by 58% to 15M units in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 72% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, men knitwear imports skyrocketed to $63M in 2022. The total import value increased at an average annual rate of +14.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Men Knitwear in Hungary (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 3.2 | 7.7 | 6.5 | 9.1 | 41.7% |
Poland | 8.4 | 15.7 | 11.9 | 8.4 | 0.0% |
China | 5.5 | 2.8 | 2.2 | 5.8 | 1.8% |
India | N/A | 0.1 | 0.9 | 5.7 | 655.0% |
Bangladesh | 0.2 | 0.5 | 0.3 | 5.0 | 192.4% |
Belgium | 3.3 | 3.4 | 3.6 | 4.7 | 12.5% |
Austria | 3.3 | 2.5 | 3.7 | 4.2 | 8.4% |
Spain | 2.8 | 2.1 | 2.7 | 3.4 | 6.7% |
Slovakia | 1.9 | 2.2 | 2.9 | 3.0 | 16.4% |
Italy | 1.4 | 1.1 | 1.7 | 2.4 | 19.7% |
Turkey | 9.0 | 6.9 | 6.8 | 2.0 | -39.4% |
France | 0.8 | 0.7 | 0.7 | 0.8 | 0.0% |
Others | 2.6 | 3.3 | 6.6 | 8.5 | 48.4% |
Total | 42.5 | 49.1 | 50.5 | 63.0 | 14.0% |
Top Suppliers of Men Knitwear to Hungary in 2022:
- Germany (4.6M units)
- India (1.7M units)
- Poland (1.6M units)
- Bangladesh (1.3M units)
- Slovakia (1.3M units)
- China (1.0M units)
- Austria (0.9M units)
- Belgium (0.7M units)
- Spain (0.5M units)
- Italy (0.3M units)
- Turkey (0.2M units)
- France (0.2M units)
Men Knitwear Exports in Hungary
In 2022, exports of men's or boys' clothing (knitted or crocheted) from Hungary reached 2.9M units, stabilizing at 2021 figures. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 125% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, men knitwear exports soared to $55M in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Men Knitwear in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 0.4 | 1.1 | 7.4 | 16.5 | 245.5% |
Italy | 6.7 | 3.6 | 4.4 | 9.5 | 12.3% |
Germany | 3.7 | 3.4 | 3.6 | 4.5 | 6.7% |
Slovakia | 1.4 | 1.1 | 1.8 | 3.7 | 38.3% |
Croatia | 2.1 | 5.0 | 9.4 | 3.6 | 19.7% |
Serbia | N/A | 0.1 | 1.1 | 3.5 | 491.6% |
Austria | 1.0 | 1.1 | 0.8 | 2.3 | 32.0% |
Czech Republic | 0.3 | 0.1 | 1.1 | 1.0 | 49.4% |
Poland | 1.0 | 2.4 | 1.6 | 0.3 | -33.1% |
Others | 3.7 | 7.1 | 5.1 | 10.5 | 41.6% |
Total | 20.3 | 25.1 | 36.2 | 55.4 | 39.7% |
Top Export Markets for Men Knitwear from Hungary in 2022:
- Croatia (701.3K units)
- Romania (565.2K units)
- Germany (406.6K units)
- Serbia (297.1K units)
- Italy (250.0K units)
- Czech Republic (247.2K units)
- Austria (157.8K units)
- Slovakia (100.2K units)
- Poland (81.6K units)
This report provides an in-depth analysis of the men knitwear market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 14131110 - Men
- Prodcom 14131120 - Men
- Prodcom 14131230 - Men
- Prodcom 14131260 - Men
- Prodcom 14131270 - Men
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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