Price for Clothing; Parts, Knitted or Crocheted in Hungary - 2023
Contents:
- Price for Clothing; Parts, Knitted or Crocheted in Hungary (CIF) - 2022
- Price for Clothing; Parts, Knitted or Crocheted in Hungary (FOB) - 2022
- Imports of Clothing; Parts, Knitted or Crocheted in Hungary
- Exports of Clothing; Parts, Knitted or Crocheted in Hungary
Price for Clothing; Parts, Knitted or Crocheted in Hungary (CIF) - 2022
The average import price for clothing; parts, knitted or crocheted stood at $66,762 per ton in 2022, picking up by 22% against the previous year. Over the period under review, the import price, however, recorded a deep setback. The pace of growth was the most pronounced in 2021 when the average import price increased by 29%. Over the period under review, average import prices reached the maximum at $146,285 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($79,173 per ton), while the price for Turkey ($18,068 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Clothing; Parts, Knitted or Crocheted in Hungary (FOB) - 2022
In 2022, the average export price for clothing; parts, knitted or crocheted amounted to $31,839 per ton, with a decrease of -27% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 28% against the previous year. The export price peaked at $62,761 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($181,565 per ton), while the average price for exports to Italy ($8,993 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clothing; Parts, Knitted or Crocheted in Hungary
In 2022, supplies from abroad of clothing; parts, knitted or crocheted decreased by -20.9% to 42 tons, falling for the second year in a row after two years of growth. Overall, imports saw a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 31%. As a result, imports reached the peak of 107 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, clothing; parts, knitted or crocheted imports declined slightly to $2.8M in 2022. Over the period under review, imports continue to indicate a abrupt decline.
| Import of Clothing; Parts, Knitted or Crocheted in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,646 | 3,291 | 1,781 | 2,288 | -14.4% |
| Italy | 284 | 201 | 312 | 354 | 7.6% |
| Turkey | 8.3 | 305 | 7.8 | 39.6 | 68.3% |
| Denmark | 808 | 566 | 714 | N/A | -6.0% |
| Others | 683 | 172 | 98.3 | 116 | -44.6% |
| Total | 5,428 | 4,535 | 2,913 | 2,798 | -19.8% |
Top Suppliers of Clothing; Parts, Knitted or Crocheted to Hungary in 2022:
- Germany (28.9 tons)
- Italy (9.1 tons)
- Turkey (2.2 tons)
Exports of Clothing; Parts, Knitted or Crocheted in Hungary
In 2022, approx. 8.6 tons of clothing; parts, knitted or crocheted were exported from Hungary; growing by 36% compared with the previous year. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 54%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, clothing; parts, knitted or crocheted exports fell modestly to $273K in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, the exports attained the peak of $276K, leveling off in the following year.
| Export of Clothing; Parts, Knitted or Crocheted in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 6.3 | 6.9 | 4.5 | 53.3 | 103.8% |
| Bulgaria | 30.1 | 15.0 | 102 | 51.7 | 19.8% |
| Turkey | 10.7 | 7.5 | 71.1 | 51.4 | 68.7% |
| Vietnam | N/A | N/A | N/A | 47.1 | 0% |
| Germany | 36.6 | 31.4 | 24.9 | 20.1 | -18.1% |
| Italy | 18.7 | 11.4 | 28.7 | 16.0 | -5.1% |
| Ukraine | 26.2 | 3.8 | 27.9 | 6.0 | -38.8% |
| United Kingdom | N/A | 64.7 | 0.4 | N/A | -99.4% |
| Serbia | 47.4 | 5.7 | N/A | N/A | -88.0% |
| Others | 19.7 | 29.4 | 16.6 | 27.5 | 11.8% |
| Total | 196 | 176 | 276 | 273 | 11.7% |
Top Export Markets for Clothing; Parts, Knitted or Crocheted from Hungary in 2022:
- Romania (3762.0 kg)
- Italy (1774.0 kg)
- Turkey (1046.0 kg)
- Vietnam (909.0 kg)
- Germany (395.0 kg)
- Bulgaria (285.0 kg)
- Ukraine (179.0 kg)
- United Kingdom (1.0 kg)
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