Market research

Felt market in Hungary

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Hungarian felt market experienced considerable fluctuations in volume from 2018 to 2024. Starting at 1 505 t in 2018, market size declined to 1 442 t in 2019 and fell sharply to 1 155 t in 2020. A partial recovery followed, with volume reaching 1 190 t in 2021 and 1 287 t in 2022, before another drop to 1 071 t in 2023 and stabilization at 1 063 t in 2024.

In value terms, the market showed similar volatility but with different magnitude. Market value peaked at 6.0 million USD in 2018, then decreased to 4.9 million USD in 2019 and 3.7 million USD in 2020. It rebounded to 5.4 million USD in 2021, likely reflecting price adjustments, before gradually declining to 4.5 million USD in 2023 and 2024.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2024
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2024
    2. 4.1.2.2. Imports, 2018-2025
    3. 4.1.2.3. Exports, 2018-2025
    4. 4.1.2.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Hungary
  1. 5.1.1. In kind, 2018-2024, kg
  2. 5.1.2. In value, 2018-2024, $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, kg
  2. 5.2.2. In value, 2018-2024, $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production felt in Hungary

In value, 2018-2021, $ US

Hungary's felt production value increased for the second consecutive year. In 2021, output was valued at 64 250 US dollars, representing a solid 14.8% increase compared to the previous year. The minimum value was recorded in 2019 at 46 926 US dollars, which saw the largest decline of 28.9%. The largest increase occurred in 2020 at 19.3%. Over the period from 2018 to 2021, production decreased by 2.7%, equating to an annualized rate of 0.9%.

Annual dynamics of production in Hungary in value, 2018-2021, $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(28.9%)	19.3%	14.8%	(0.9%)

Source: SHEV.io

In kind, 2018-2021, kg

In 2021, Hungary produced 5 000 kg of felt, marking a 66.7% increase compared to 2020. The minimum value was recorded in 2019 at 3 000 kg, which experienced the largest decline of 25.0%. From 2018 to 2021, production increased by 25%, with a compound annual growth rate of 7.7%.

Annual dynamics of production in Hungary in kind, 2018-2021, kg

Parameter		2019	2020	2021	CAGR
1	Change from last year	(25.0%)	-	66.7%	7.7%

Source: SHEV.io

Exports felt from Hungary

Exports in kind, t

Hungary's felt export volumes increased for the third consecutive year. In 2021, exports amounted to 130 tonnes, showing a modest 8.7% rise compared to the previous year. Over the period from 2018 to 2021, exports grew by 34.9%, with a compound annual growth rate of 10.5%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	22.9%	0.9%	8.7%	10.5%

Source: SHEV.io

From 2018 to 2021, Romania, Italy, and Serbia were the main markets for Hungary's felt exports in kind. Romania accounted for 39.9% of exports, Italy for 26.4%, and Serbia for 7.1%. Together, these three countries represented 73.5% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Hungary exported 1 316 thousand US dollars worth of felt in 2021, which is 35.5% more than the previous year. The minimum value was recorded in 2020 at 971 thousand US dollars, which saw the largest decline of 3.2%. Over the period from 2018 to 2021, exports increased by 35.3%, with a compound annual growth rate of 10.6%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	3.2%	(3.2%)	35.5%	10.6%

Source: SHEV.io

From 2018 to 2021, Italy, Romania, and Austria consistently led Hungary's felt exports in value terms. Italy accounted for 26.4% of exports, Romania for 25.8%, and Austria for 12.5%. Collectively, these three markets represented 64.7% of total export flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in value, 2018-2021

Source: SHEV.io

Imports felt to Hungary

Imports in kind, t

After a two-year contraction, Hungary's felt import volumes increased. In 2021, imports totalled 1 314 tonnes, up by 3.4% compared to the previous year. The minimum value was recorded in 2020 at 1 272 tonnes, which experienced the largest decline of 18.4%. Between 2018 and 2021, imports decreased by 17.7%, equating to an annualized rate of 6.3%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(2.5%)	(18.4%)	3.4%	(6.3%)

Source: SHEV.io

From 2018 to 2021, Germany, Austria, and Slovenia were the principal sources for Hungary's felt imports in kind. Germany accounted for 55.9% of imports, Austria for 8.1%, and Slovenia for 6.9%. Together, these three countries made up 71.0% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

After a two-year decline, Hungary's felt import value increased. In 2021, import volume was recorded at 6 672 thousand US dollars, showing a significant rise of 44.8% versus the previous year. The minimum value was recorded in 2020 at 4 610 thousand US dollars, which saw the largest decline of 20.6%. Over the period from 2018 to 2021, imports decreased by 3.5%, with a compound annual growth rate of 1.2%.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US