Women's woven jackets and blazers market in Hungary

Earlier Report Observations

The Hungarian market for women's woven jackets and blazers contracted from 921.5 thousand units in 2018 to 472.2 thousand units in 2020. The decline in 2020 was driven by the COVID-19 pandemic, which altered consumer preferences and caused supply chain disruptions, reducing overall market volume.

Market volume rebounded to 542.1 thousand units in 2021 and surged to 781.7 thousand units in 2022. This growth in 2022 was supported by increased consumer demand for oversize, loose-fit blazers and jackets, alongside a rising emphasis on sustainability and quality, which encouraged higher consumption.

After a drop to 436.6 thousand units in 2023, the market recovered to 600.0 thousand units in 2024. The 2024 expansion was fueled by fashion trends favoring timeless, minimalist garments, with popularity of tweed, oversize silhouettes, and denim jackets as wardrobe staples.

Production women's woven jackets and blazers in Hungary

In value, 2018-2021, K $ US

In 2019, Hungary's production of women's woven jackets and blazers reached its peak value at 7 641 K $ US. However, in 2020, it experienced the largest decline of 36.6%, dropping to a minimum of 4 843 K $ US. By 2021, production rebounded to 5 421 K $ US, marking an 11.9% increase compared to the previous year. The largest increase was recorded in 2019 at 38.1%.

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

In kind, 2018-2021, K unit

Hungary's production of women's woven jackets and blazers has grown for the second consecutive year. In 2019, production hit its lowest point at 126.7 K units, with a slight decline of 2.0%. By 2021, output rose to 189.9 K units, reflecting a significant 31.2% increase from the previous year. Over the period from 2018 to 2021, production expanded by 47%, translating to an annualized growth rate of 13.7%.

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

Exports women's woven jackets and blazers from Hungary

Exports in kind, K unit

Hungary's exports of women's woven jackets and blazers in kind have been declining. In 2020, exports saw the largest increase of 4.6%. However, by 2021, foreign supplies dropped to 107.0 K units, indicating a substantial year-over-year decline of 21.8%. From 2018 to 2021, exports decreased by 34.6%, with a compound annual growth rate of -13.2%.

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

Between 2018 and 2021, Germany, Austria, and Italy were the primary markets for Hungary's exports in kind. Germany accounted for 28.5% of exports, Austria for 20.3%, and Italy for 14.1%. Together, these three countries represented 62.9% of total export 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, K $ US

Hungary's exports of women's woven jackets and blazers in value terms have declined for the third consecutive year. In 2021, exports amounted to 5 195 K $ US, showing a significant 17.5% decrease compared to 2020. Over the period from 2018 to 2021, exports fell by 40%, equating to an annualized decline of 15.6%.

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

From 2018 to 2021, Germany, Austria, and Italy dominated Hungary's exports in value terms. Germany held a 37.6% share, Austria 21.9%, and Italy 14.3%. Collectively, these three markets comprised 73.8% of total export 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 women's woven jackets and blazers to Hungary

Imports in kind, K unit

Hungary's imports of women's woven jackets and blazers in kind have decreased for the third year in a row. In 2021, imports stood at 459.2 K units, reflecting a slight 1.1% drop from the previous year. Between 2018 and 2021, imports fell by 52%, with a compound annual growth rate of -21.7%.

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

During 2018–2021, Poland, China, and Slovakia were the leading sources for Hungary's imports in kind. Poland contributed 22.7% of imports, China 21.5%, and Slovakia 10.9%. Together, these three countries accounted for 55.2% of total import 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, K $ US

In 2019, Hungary's imports of women's woven jackets and blazers in value terms reached their highest point at 9 277 K $ US. The following year, in 2020, imports fell to a minimum of 7 634 K $ US, marking the largest decline of 17.7%. By 2021, imports rebounded to 8 422 K $ US, showing a substantial 10.3% increase compared to 2020. Over the period from 2018 to 2021, imports decreased by 2.4%, with a compound annual growth rate of -0.8%.

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

Throughout 2018–2021, Poland, Spain, and Germany formed the core group of markets for Hungary's imports in value terms. Poland accounted for 25.4% of imports, Spain for 17.1%, and Germany for 15.2%. Combined, these three countries represented 57.7% of total import flows.

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

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