Price for Cereals; Oats, Other than Seed in Hungary - 2023
Contents:
- Price for Cereals; Oats, Other than Seed in Hungary (FOB) - 2022
- Price for Cereals; Oats, Other than Seed in Hungary (CIF) - 2022
- Exports of Cereals; Oats, Other than Seed in Hungary
- Imports of Cereals; Oats, Other than Seed in Hungary
Price for Cereals; Oats, Other than Seed in Hungary (FOB) - 2022
The average export price for cereals; oats, other than seeds stood at $309 per ton in 2022, growing by 8.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($387 per ton), while the average price for exports to Austria ($224 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Oats, Other than Seed in Hungary (CIF) - 2022
In 2022, the average import price for cereals; oats, other than seeds amounted to $289 per ton, picking up by 10% against the previous year. Overall, the import price, however, recorded a slight descent. The pace of growth was the most pronounced in 2014 an increase of 105%. As a result, import price attained the peak level of $616 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($2,900 per ton), while the price for Poland ($248 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+32.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereals; Oats, Other than Seed in Hungary
In 2022, cereals; oats, other than seed exports from Hungary skyrocketed to 3.1K tons, rising by 15% against the previous year's figure. Over the period under review, exports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 27% against the previous year. As a result, the exports reached the peak of 4.3K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cereals; oats, other than seed exports soared to $963K in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -19.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 54% against the previous year. As a result, the exports attained the peak of $1.2M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Cereals; Oats, Other than Seed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 51.5 | 116 | 18.6 | 349 | 89.2% |
| Germany | 67.8 | 595 | 384 | 292 | 62.7% |
| Italy | 146 | 124 | 120 | 102 | -11.3% |
| Austria | 113 | 103 | 110 | 59.7 | -19.2% |
| Bosnia and Herzegovina | 245 | 24.2 | 33.4 | 55.0 | -39.2% |
| Slovakia | 25.2 | 23.5 | 0.2 | 45.4 | 21.7% |
| Romania | N/A | 89.6 | 45.8 | 24.9 | -47.3% |
| Slovenia | 128 | 99.2 | 56.5 | 11.6 | -55.1% |
| Others | N/A | 19.5 | 4.8 | 24.5 | 12.1% |
| Total | 777 | 1,195 | 774 | 963 | 7.4% |
Top Export Markets for Cereals; Oats, Other than Seed from Hungary in 2022:
- Serbia (1138.0 tons)
- Germany (753.5 tons)
- Italy (361.9 tons)
- Austria (266.9 tons)
- Bosnia and Herzegovina (214.9 tons)
- Slovakia (191.3 tons)
- Romania (69.9 tons)
- Slovenia (39.2 tons)
Imports of Cereals; Oats, Other than Seed in Hungary
In 2022, after three years of growth, there was significant decline in overseas purchases of cereals; oats, other than seeds, when their volume decreased by -50.3% to 2K tons. Over the period under review, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 148%. As a result, imports reached the peak of 4.1K tons, and then declined sharply in the following year.
In value terms, cereals; oats, other than seed imports shrank rapidly to $588K in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 127%. As a result, imports attained the peak of $1.1M, and then dropped markedly in the following year.
| Import of Cereals; Oats, Other than Seed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 107 | 172 | 330 | 442 | 60.5% |
| Poland | 2.1 | 2.6 | 337 | 78.5 | 234.4% |
| Ukraine | 118 | 290 | 403 | 62.3 | -19.2% |
| Austria | 59.8 | N/A | 4.1 | N/A | -73.8% |
| Others | 52.1 | 9.5 | 1.5 | 5.1 | -53.9% |
| Total | 339 | 475 | 1,076 | 588 | 20.2% |
Top Suppliers of Cereals; Oats, Other than Seed to Hungary in 2022:
- Slovakia (1518.7 tons)
- Poland (316.3 tons)
- Ukraine (198.0 tons)
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