Market research

Furniture locks 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 market size for furniture locks in Hungary showed considerable fluctuation between 2018 and 2024. Starting at 1 282 thousand USD in 2018, it dipped to 1 111 thousand USD in 2020 before jumping to 1 748 thousand USD in 2021. After this peak, the market contracted consistently, falling to 1 291 thousand USD in 2022, 1 067 thousand USD in 2023, and 949 thousand USD in 2024.

Market consolidation in the furniture manufacturing sector during 2023 likely reduced component demand, contributing to the decline. In 2024, heightened consumer price sensitivity and a shift toward environmentally conscious purchases further pressured the market. These factors aligned with a broader trend of regulatory tightening on product safety and compliance, as well as the emergence of new players in digitalization and e-commerce.

Global supply chain disruptions and energy cost volatility also affected production expenses and import flows throughout the period. While domestic production volumes gradually decreased, export activity strengthened, reflecting adjustments in market structure and competitive dynamics.

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 value
    1. 4.1.1.1. Production, 2018, 2020-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018, 2020-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Hungary
  1. 5.1.1. In kind, 2018, 2020-2024, unit
  2. 5.1.2. In value, 2018, 2020-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, unit
  2. 5.2.2. In value, 2018-2024, K $ 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 furniture locks in Hungary

In value, 2018-2021, K $ US

In 2021, Hungary's furniture locks production was valued at 190.5 K $ US, marking a 3.3% increase compared to the previous year. Over the period from 2018 to 2021, production decreased by 16.8%, with an annualized decline rate of 6.0%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	3.3%	(6.0%)

Source: SHEV.io

Exports furniture locks from Hungary

Exports in kind, t

Hungary's furniture locks exports declined for the second consecutive year in 2021, with shipments totaling 16.7 t, a sharp drop of 24.3% year-over-year. Between 2018 and 2021, exports decreased by 18.8%, equating to an annualized rate of 6.7%. The highest export volume was recorded in 2019 at 22.4 t, which also saw the largest annual increase of 8.5%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	8.5%	(1.2%)	(24.3%)	(6.7%)

Source: SHEV.io

From 2018 to 2021, Serbia, Italy, and Romania were the main markets for Hungary's furniture locks exports in kind, accounting for 21.4%, 18.7%, and 15.1% of total flows, respectively. Together, these three countries represented 55.1% of Hungary's total exports in this category.

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's furniture locks exports in value terms declined for the third consecutive year in 2021, amounting to 408 K $ US, down 2.0% from 2020. Over the 2018-2021 period, exports decreased by 15.8%, with an annualized decline of 5.6%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(4.3%)	(10.2%)	(2.0%)	(5.6%)

Source: SHEV.io

Between 2018 and 2021, Romania, Italy, and Serbia were the three principal markets for Hungary's furniture locks exports in value terms, collectively accounting for 51.5% of total export value.

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 furniture locks to Hungary

Imports in kind, t

In 2021, Hungary imported 101.8 t of furniture locks, a significant increase of 26.3% compared to the previous year. Over the 2018-2021 period, imports grew by 45.7%, with an annualized growth rate of 13.4%. The largest annual increase occurred in 2019 at 43.6%, while the largest decline was in 2020 at 19.7%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	43.6%	(19.7%)	26.3%	13.4%

Source: SHEV.io

From 2018 to 2021, China, Germany, and Czechia were the main sources for Hungary's furniture locks imports in kind, together accounting for 77.2% of total import volume.

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

In 2021, Hungary imported furniture locks valued at 1 343 K $ US, a rise of 46.3% from the previous year. Over the 2018-2021 period, imports increased by 27.8%, with an annualized growth rate of 8.5%. The lowest import value was recorded in 2020 at 1 343 K $ US, which also saw the largest annual decline of 21.2%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	10.9%	(21.2%)	46.3%	8.5%

Source: SHEV.io

Between 2018 and 2021, Germany, Finland, and China were the leading sources for Hungary's furniture locks imports in value terms, accounting for 37.0%, 23.0%, and 12.5% of total import value, respectively. Together, these three countries represented 72.5% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io