Knitted jerseys and pullovers market in Hungary

Earlier Report Observations

The market volume for knitted jerseys and pullovers in Hungary fell sharply from 53 302 thousand units in 2018 to 15 183 thousand units in 2020, a drop of over 70%. In value terms, the decline was less pronounced, from $129.0 million to $118.2 million, suggesting a shift toward higher-priced items or changes in product mix.

By the mid-2020s, fashion trends began reshaping demand. In 2024, thicker knits and cardigans with creative decorations like feathers and fringes emerged, offering stylish options for colder seasons. The following year, the oversize trend strengthened, alongside thinner knits and layered styling, reflecting a consumer preference for comfort and individual expression.

Production knitted jerseys and pullovers in Hungary

In value, 2018-2021, K $ US

Hungary's production of knitted jerseys and pullovers declined for the second consecutive year. In 2020, output was valued at 18 699 thousand US dollars, showing only a marginal fluctuation compared to the previous year. Over the period from 2018 to 2020, production decreased by 20.7%, with a compound annual growth rate of -7.4%.

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

In kind, 2018-2021, K unit

Hungary's production volume of knitted jerseys and pullovers declined for the second consecutive year. In 2020, 839 thousand units were produced, which is 22.6% lower year-over-year. Between 2018 and 2020, production decreased by 34.2%, equating to an annualized decline of 13.0%.

Annual dynamics of production in Hungary in kind, 2018-2021, K unit

Exports knitted jerseys and pullovers from Hungary

Exports in kind, K unit

There were noticeable fluctuations in market performance during this period. Exports reached their lowest point in 2019 at 6 219 thousand units, with the largest decline of 23.9% recorded that year. In 2020, exports saw the largest increase of 74.1%, and by 2021, deliveries from Hungary amounted to 12 736 thousand units, representing a robust uptick of 17.6% compared to 2020. Overall, exports changed by a factor of two from the trough in 2019 to the peak in 2021.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, K unit

During 2018–2021, exports in kind of knitted jerseys and pullovers from Hungary were spread relatively evenly across partners. Italy accounted for 12.6% of exports, Slovakia for 11.6%, and Croatia for 11.5%, with these three countries jointly representing 35.7% of total flows.

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

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

Exports in value, M $ US

Knitted jerseys and pullovers shipments from Hungary increased for the second consecutive year. In 2021, exports amounted to 83.3 million US dollars, representing a dramatic increase of 29.1% year-over-year. The minimum value was recorded in 2019 at 57.0 million US dollars, with the largest decline of 14.8% that year. Between 2018 and 2021, exports increased by 24.5%, equating to an annualized growth rate of 7.6%.

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

In 2018–2021, Germany led the structure of exports in value terms with 28.0%, followed by Italy at 16.2% and Poland at 7.0%. Together, these three countries represented 51.2% of total flows.

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

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

Imports knitted jerseys and pullovers to Hungary

Imports in kind, K unit

The volume of knitted jerseys and pullovers imports into Hungary declined for the third consecutive year. In 2021, imports reached 23 528 thousand units, showing a moderate contraction of 6.5% compared to 2020. Between 2018 and 2021, imports decreased by 60.9%, equating to an annualized decline of 26.9%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, K unit

Throughout 2018–2021, China remained the key partner in imports in kind with 32.4%, followed by Poland at 14.7% and Turkey at 11.0%. Together, these three countries accounted for 58.1% of total flows.

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

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

Imports in value, M $ US

Hungary's import volume of knitted jerseys and pullovers increased for the second consecutive year. In 2021, import volume stood at 167.8 million US dollars, which is 2.4% higher compared to 2020. The minimum value was recorded in 2019 at 150.5 million US dollars, with the largest decline of 12.7% that year. The largest increase was recorded in 2020 at 8.9%. Between 2018 and 2021, imports decreased by 2.6%, equating to an annualized decline of 0.9%.

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

Over 2018–2021, imports in value terms of knitted jerseys and pullovers to Hungary were widely dispersed across partner countries. Poland accounted for 15.9% of imports, Germany for 13.4%, and Turkey for 13.0%, with these three countries together representing 42.3% of total flows.

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

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