Machinery for making or repairing footwear other than sewing machines market in Hungary

Earlier Report Observations

The Hungarian market for footwear making and repair machinery expanded from $6.5 million in 2018 to $7.9 million in 2019, a 21% increase. This initial growth was driven by the adoption of CAD systems in specialized machine manufacturing, which streamlined design processes and increased the need for expanded production capacity and optimized machinery.

Market volume plunged to $4.4 million in 2020, a 44% drop, before rebounding to $6.7 million in 2021 and rising further to $7.3 million in 2022. A strong surge followed in 2023, with the market reaching a peak of $11.4 million, a 56% annual increase and the highest value in the observed period.

In 2024, the market contracted by 31% to $7.8 million. This decline coincided with a downturn in European industrial activity, particularly in machinery and automotive sectors, which reduced demand for new equipment. Simultaneously, increased buyer preference for cost-effective used machinery further dampened sales of new footwear manufacturing machines in Hungary.

Production footwear making and repair machinery in Hungary

In value, 2017-2020, K $ US

Hungary's production of machinery for making or repairing footwear (excluding sewing machines) declined after two years of growth. In 2019, output peaked at 7 026 K $ US, but by 2020, it had fallen sharply to 3 807 K $ US, marking a 45.8% decrease from the previous year. Over the 2017-2020 period, production dropped by 16.2%, with an average annual decline of 5.7%. The largest year-on-year increase occurred in 2019, at 28.9%.

Annual dynamics of production in Hungary in value, 2017-2020, K $ US

In kind, 2017-2020, unit

In 2020, Hungary produced 32.00 units of machinery for making or repairing footwear (excluding sewing machines), representing a sharp 31.9% decline from 2019. Production peaked in 2019 at 47.00 units. Between 2017 and 2020, output fell by 23.8%, equating to an average annual decrease of 8.7%. The largest year-on-year increase was recorded in 2019, at 14.6%.

Annual dynamics of production in Hungary in kind, 2017-2020, unit

Exports footwear making and repair machinery from Hungary

Exports in kind, unit

Exports of machinery for making or repairing footwear (excluding sewing machines) from Hungary showed significant fluctuations during the period. In 2018, deliveries reached a peak of 583.4 units, but by 2020, they had plummeted to 5.2 units, a 95.5% drop from 2019. This resulted in a 112-fold swing between the highest and lowest points. The largest year-on-year increase occurred in 2018, at 980.3%.

Annual dynamics of product's exports from Hungary in kind, 2017-2020, unit

From 2017 to 2020, Ukraine, Germany, and Romania were the three largest markets for Hungary's exports of this machinery in kind, collectively accounting for 91.5% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Hungary in kind, 2017-2020

Exports in value, K $ US

Hungary's exports of machinery for making or repairing footwear (excluding sewing machines) declined for the third consecutive year. In 2020, exports amounted to 40 K $ US, a steep 69.9% decrease from the previous year. Over the 2017-2020 period, exports fell by 78.1%, with an average annual decline of 39.7%.

Annual dynamics of product's exports from Hungary in value, 2017-2020, K $ US

Between 2017 and 2020, Germany, Ukraine, and Romania were the main destinations for Hungary's exports of this machinery in value terms. Germany accounted for 43.6% of exports, Ukraine for 25.4%, and Romania for 10.1%, together making up 79.1% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Hungary in value, 2017-2020

Imports footwear making and repair machinery to Hungary

Imports in kind, unit

Imports of machinery for making or repairing footwear (excluding sewing machines) into Hungary exhibited volatility over the observed period. In 2017, imports hit their lowest point, but by 2018, they had surged to a peak of 5 074.3 units, resulting in a 36-fold difference between these years. In 2020, imports dropped to 580.2 units, down 78.2% from the prior year. The largest year-on-year increase was recorded in 2018, at 3,502.5%.

Annual dynamics of product's imports to Hungary in kind, 2017-2020, unit

From 2017 to 2020, Italy and Germany dominated Hungary's imports of this machinery in kind, jointly representing 95.7% of total flows, with other markets accounting for the remainder.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Hungary in kind, 2017-2020

Imports in value, K $ US

Hungary's imports of machinery for making or repairing footwear (excluding sewing machines) declined for the second consecutive year. In 2020, imports totaled 593 K $ US, a sharp 38.8% decrease from the previous year. Over the 2017-2020 period, imports fell by 37.9%, with an average annual decline of 14.7%. The peak value was recorded in 2018 at 1 198 K $ US, and the largest year-on-year increase occurred that same year, at 25.6%.

Annual dynamics of product's imports to Hungary in value, 2017-2020, K $ US

Between 2017 and 2020, Italy and Germany were the dominant sources for Hungary's imports of this machinery in value terms, jointly accounting for 85.0% of total flows, while smaller markets made up the rest.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Hungary in value, 2017-2020