Key Market Indicators
Hungarian wool imports are projected to decrease by almost 16% over the next five years, from $24.6 million in 2021 to $9.3 million in 2026. Since 1997, Hungarian demand has declined by 7% annually. In 2021, it ranked 45th in the world, overtaken by Malaysia at $24.6 million. Italy, Germany and the UK were ranked 2nd, 3rd and 4th respectively. Hungarian wool exports are expected to drop by 2.2% on average between 2021 and 2026, from $27.8 million to $24.5 million. Since 1997, Hungarian supply has declined by 2.3% each year. In 2021, it was 37th in the world, surpassed by the Netherlands at $27.8 million. China, Italy and Germany were ranked 2nd, 3rd and 4th respectively.
