Woven swimwear market in Hungary

Earlier Report Observations

The Hungarian woven swimwear market experienced considerable volatility in value between 2018 and 2024. After a modest dip in 2019, the market contracted sharply in 2020 to 1.34 million USD. It then rebounded strongly the following year, reaching a peak of 2.22 million USD in 2021.

Following the 2021 peak, the market size declined over the next two observed years, settling at 1.93 million USD in 2024. This overall movement was driven by a collapse in domestic production value, which fell from 716 000 USD in 2018 to just 4 000 USD by 2024, coupled with generally rising import values that exceeded export fluctuations.

Production woven swimwear in Hungary

In value, 2018-2021, K $ US

Hungary's woven swimwear production has declined for the third year in a row. In 2021, output was valued at 89.0 thousand US dollars, marking a 28.8% drop compared to 2020. From 2018 to 2021, production fell by 87.6%, which translates to an average annual decrease of 50.1%.

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

In kind, 2018-2021, K unit

The market showed an unstable trend over this period. Import levels varied significantly, with a 168-fold difference between the peak in 2018 and the low in 2020. In 2021, Hungary produced 8.5 thousand units of woven swimwear, a 400.7% increase year-over-year. The lowest production was in 2020, at 1.7 thousand units, with the largest decline that year at 95.3%.

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

Exports woven swimwear from Hungary

Exports in kind, K unit

In 2021, Hungary exported 125 thousand units of woven swimwear, a sharp decrease of 25.3% from the previous year. From 2018 to 2021, exports fell by 39.4%, averaging an annual decline of 15.4%. The largest drop occurred in 2019 at 31.9%, while the biggest increase was in 2020 at 19.1%.

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

Between 2018 and 2021, Slovakia, Croatia, and the Netherlands were the top buyers of Hungarian woven swimwear in terms of volume. Slovakia accounted for 31.4% of exports, Croatia for 14.2%, and the Netherlands for 10.5%, together making up 56.1% of total exports.

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

In 2021, Hungary's woven swimwear exports were valued at 654 thousand US dollars, showing a significant decrease of 23.7% compared to 2020. Over the 2018-2021 period, exports dropped by 54.5%, with an average annual decline of 23.1%. The largest fall was in 2019 at 41.8%, while the highest increase was in 2020 at 2.5%.

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

From 2018 to 2021, the export structure in value terms was balanced rather than concentrated. The Netherlands, Slovakia, and Italy were key partners, with the Netherlands at 22.3%, Slovakia at 10.9%, and Italy at 9.9% of total exports, together representing 43.2%. Many other countries accounted for the remaining 56.8%.

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

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

Imports woven swimwear to Hungary

Imports in kind, K unit

The market was volatile during these years. Import volumes peaked in 2018 and hit their lowest point in 2020, with a 3.7-fold difference between these years. In 2021, Hungary imported 473 thousand units of woven swimwear, a slight increase of 3.2% from the previous year. The minimum was in 2020 at 458 thousand units, with the largest decline in 2019 at 71.7%.

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

From 2018 to 2021, China, Slovakia, and France were the main sources of woven swimwear imports to Hungary in volume terms. China contributed 49.3%, Slovakia 14.6%, and France 14.6%, together accounting for 78.6% of total imports.

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 two years of decline, Hungary's woven swimwear imports increased. In 2021, imports totaled 2,788 thousand US dollars, up 34.4% from the previous year. Over the 2018-2021 period, imports rose by 7.2%, with an average annual growth of 2.4%. The lowest value was in 2020 at 2,074 thousand US dollars, and the largest drop was in 2019 at 15.8%.

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

The import market in value terms from 2018 to 2021 was broad-based. France, Slovakia, and China were significant contributors, with France at 18.0%, Slovakia at 15.9%, and China at 14.2% of total imports, together making up 48.1%. The remaining 51.9% was distributed among many other countries.

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

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