Man-made fibre knitted jerseys and pullovers market in Hungary

Earlier Report Observations

From 2018 to 2020, the Hungarian market for man-made fibre knitted jerseys and pullovers contracted sharply. Market volume fell from 34 274 thousand units to 5 992 thousand units, while market value dropped from $68.5 million to $37.2 million. Domestic production declined, and imports plummeted from 38 980 thousand units to 11 207 thousand units over the same period.

After 2020, imports began to recover, reaching 17 180 thousand units by 2025. Exports also increased, particularly in value terms, rising from $29.2 million in 2018 to $48.5 million in 2025. The value of imports grew to $130.0 million by 2025, indicating higher unit prices or a shift toward more expensive products.

Overall, the market experienced a significant downturn in the early years, followed by a rebound in import volumes, though market size remained well below the peak levels of 2018.

Production man-made fibre knitted jerseys and pullovers in Hungary

In value, 2018-2021, K $ US

In 2020, Hungary's production of man-made fibre knitted jerseys and pullovers was valued at 4,455 thousand US dollars, marking a significant 31.9% increase from the previous year. Looking at the period from 2018 to 2020, production grew by 7.7%, which translates to an annualized growth rate of 2.5%. The lowest value in this timeframe was recorded in 2019 at 3,376 thousand US dollars, when production experienced its largest decline of 18.4%.

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

In kind, 2018-2021, K unit

Hungary's production volume of man-made fibre knitted jerseys and pullovers declined for the second year in a row. In 2020, the country produced 259.0 thousand units, representing an 8.6% decrease compared to the prior year. Over the three-year span from 2018 to 2020, production fell by 22.6%, averaging an annual decline of 8.2%.

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

Exports man-made fibre knitted jerseys and pullovers from Hungary

Exports in kind, K unit

Hungary's exports of man-made fibre knitted jerseys and pullovers increased for the second consecutive year. In 2021, the country exported 5,972 thousand units, up 9.1% year-over-year. From 2018 to 2021, exports rose by 18.5%, with an annualized growth rate of 5.8%. The lowest export volume was in 2019 at 3,624 thousand units, which saw the largest decline of 28.1%. In contrast, the biggest increase occurred in 2020, with a 51.0% jump.

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

Between 2018 and 2021, Hungary exported man-made fibre knitted jerseys and pullovers to numerous countries. Even the top three destinations—Slovakia, Italy, and Romania—combined accounted for only 37.3% of total exports in volume terms.

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, K $ US

Hungary's export value of man-made fibre knitted jerseys and pullovers grew for the second year in a row. In 2021, exports reached 36,926 thousand US dollars, reflecting a robust 23.4% increase compared to the previous year. Over the period from 2018 to 2021, export value rose by 26.5%, with a compound annual growth rate of 8.1%. The lowest value was recorded in 2019 at 24,937 thousand US dollars, when exports saw their largest decline of 14.6%.

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

From 2018 to 2021, Hungary's export partners for man-made fibre knitted jerseys and pullovers in value terms were quite diverse. The top three countries—Germany (20.6% of export value), Italy (10.4%), and Romania (9.0%)—together made up just 40.0% of total exports.

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

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

Imports man-made fibre knitted jerseys and pullovers to Hungary

Imports in kind, K unit

Following a two-year decline, Hungary's imports of man-made fibre knitted jerseys and pullovers rebounded. In 2021, the country imported 11,207 thousand units, a 2.5% increase from the previous year. Over the four-year period from 2018 to 2021, imports decreased by 70.5%, with an annualized decline rate of 33.5%. The lowest import volume was in 2020 at 11,207 thousand units, while the largest drop occurred in 2019, with a 66.0% decrease.

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

Between 2018 and 2021, three key markets—China, Poland, and Slovakia—collectively accounted for 65.2% of Hungary's total imports of man-made fibre knitted jerseys and pullovers in volume terms.

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, K $ US

After a two-year downturn, Hungary's import value of man-made fibre knitted jerseys and pullovers increased. In 2021, imports totaled 75,933 thousand US dollars, showing a strong 21.1% rise over the past year. From 2018 to 2021, import value fell by 18.9%, with a compound annual decline rate of 6.7%. The lowest value was in 2020 at 62,707 thousand US dollars, and the largest decrease was in 2019, with a 22.1% drop.

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

Over the 2018–2021 period, Hungary's imports of man-made fibre knitted jerseys and pullovers in value terms were sourced from a wide array of countries. The top three partners—Poland (19.3% of import value), China (15.7%), and Slovakia (12.0%)—together represented only 47.0% of total imports.

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

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