Market research

Leather articles market in Hungary

Release date: Mar 29, 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 market for leather articles contracted significantly from 2018 to 2023. Production value dropped from $427 million to $256 million, while the market size fell from $135 million to $73 million. The COVID-19 pandemic disrupted supply chains and altered consumer spending patterns during this period, contributing to the downturn.

By 2024, the market size showed a modest recovery to $80 million, although production continued to decline to $236 million. Emerging consumer trends such as skinimalism and a focus on sustainable solutions began shaping preferences, potentially influencing demand for leather goods by 2025.

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
1. 4.1. In value
  1. 4.1.1. Production, 2018, 2023-2024
  2. 4.1.2. Imports, 2018-2025
  3. 4.1.3. Exports, 2018-2025
  4. 4.1.4. Market size, 2018, 2023-2024
5. Production
1. 5.1. Production in Hungary
  1. 5.1.1. In value, 2018, 2023-2024, M $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In value, 2018-2024, M $ 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, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, M $ 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, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, M $ 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, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, M $ 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, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, M $ 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, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, M $ 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 leather articles in Hungary

In value, 2018-2021, M $ US

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Exports leather articles from Hungary

Exports in kind, t

Hungary's exports of leather articles in kind saw a two-year decline before rebounding in 2021. That year, the country exported 4 170 tonnes, marking a significant 15.2% increase compared to 2020. Looking at the period from 2018 to 2021, exports decreased by 6.5% overall, which translates to an annualized decline of 2.2%. The lowest point was in 2020, with 3 618 tonnes exported, and the sharpest drop occurred that same year at 15.1%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(4.4%)	(15.1%)	15.2%	(2.2%)

Source: SHEV.io

From 2018 to 2021, Hungary's exports of leather articles in kind were not heavily concentrated on just a few markets. The top three destinations—Romania with 27.8% of exports, Czechia with 13.4%, and Serbia with 8.6%—collectively accounted for only 49.8% of total 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, M $ US

After a two-year drop, Hungary's exports of leather articles in value terms increased in 2021. That year, exports reached 202.8 million US dollars, showing a modest rise of 1.1% compared to 2020. Over the 2018–2021 period, exports fell by 41.8% in total, equating to an annualized decrease of 16.5%. The minimum value was recorded in 2020 at 200.6 million US dollars, and the largest decline also occurred that year at 27.3%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(20.8%)	(27.3%)	1.1%	(16.5%)

Source: SHEV.io

Throughout 2018–2021, the core of Hungary's exports of leather articles in value terms was formed by three key markets: Romania with 26.3% of exports, Czechia with 15.2%, and Serbia with 12.4%. Together, these countries accounted for 53.9% of total 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 leather articles to Hungary

Imports in kind, t

Hungary's imports of leather articles in kind rose in 2021, reaching approximately 1 955 tonnes, which was a 15.5% increase compared to the previous year. Between 2018 and 2021, imports decreased by 3.1% overall, or an annualized rate of 1.1%. The lowest volume was in 2020 at 1 692 tonnes, while the peak was in 2019 with 2 107 tonnes. The most substantial decline occurred 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	4.4%	(19.7%)	15.5%	(1.1%)

Source: SHEV.io

In the 2018–2021 period, three main markets—Slovenia, Germany, and Croatia—together absorbed 71.2% of Hungary's total imports of leather articles in kind.

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, M $ US

Following a two-year decline, Hungary's imports of leather articles in value terms increased in 2021. That year, import volume stood at 48.6 million US dollars, representing a year-on-year gain of 15.3%. From 2018 to 2021, imports decreased by 14.2% in total, which corresponds to an annualized drop of 5.0%. The minimum value was recorded in 2020 at 42.1 million US dollars, and the largest decline also took place that year at 25.5%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(0.1%)	(25.5%)	15.3%	(5.0%)

Source: SHEV.io

From 2018 to 2021, Germany, Slovenia, and Croatia were the largest contributors to Hungary's imports of leather articles in value terms, with shares of 24.3%, 23.5%, and 22.4%, respectively. Together, they comprised 70.2% of total 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