Key Market Indicators
Sales of Hungarian leather goods are forecast to reach nearly €550 million by 2026, up from €492 million in 2021. This growth rate of 0% year on year is slightly lower than the average since 2010, which saw a 6.6% decrease year on year. In 2021, Hungary ranked 12th, with Austria overtaking at €492 million. France, Spain and Germany came up at numbers 2, 3 and 4 respectively. Hungarian leather goods exports are expected to reach $13 million by 2026, down from $15 million in 2021. This rate of 2.4% year on year is lower than the average since 1997, which saw a 4.9% decrease year on year. Imports of Hungarian leather goods are forecast to reach $27 million by 2026, up from $26 million in 2021. This rate of 1.1% year on year is lower than the average since 1997, which saw a 0.3% decrease year on year. In 2021, Hungary ranked 34th, with Greece overtaking at $26 million. Germany, France and Italy respectively were numbers 2, 3 and 4 in this ranking.
