Hungary - Bananas and Plantains - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBanana and Plantain Price in Hungary - 2023
Contents:
- Banana and Plantain Price in Hungary (CIF) - 2022
- Banana and Plantain Price in Hungary (FOB) - 2023
- Banana and Plantain Imports in Hungary
- Banana and Plantain Exports in Hungary
Banana and Plantain Price in Hungary (CIF) - 2022
In 2022, the average banana and plantain import price amounted to $830 per ton, increasing by 4.2% against the previous year. Over the period under review, the import price, however, showed a slight contraction. The growth pace was the most rapid in 2014 when the average import price increased by 11%. As a result, import price attained the peak level of $1,009 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Austria ($1,061 per ton) and Poland ($960 per ton), while the price for Slovakia ($735 per ton) and France ($788 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+1.5%), while the prices for the other major suppliers experienced a decline.
Banana and Plantain Price in Hungary (FOB) - 2023
The average banana and plantain export price stood at $1,198 per ton in July 2023, flattening at the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +3.6%. The growth pace was the most rapid in August 2022 when the average export price increased by 13% month-to-month. The export price peaked at $1,272 per ton in April 2023; however, from May 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Slovenia ($1,617 per ton), while the average price for exports to Romania ($710 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Banana and Plantain Imports in Hungary
Banana and plantain imports into Hungary was estimated at 83K tons in 2022, with an increase of 7.6% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 13% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, banana and plantain imports rose significantly to $69M in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Banana and Plantain in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 23.4 | 18.1 | 15.3 | 14.1 | -15.5% |
| Belgium | 7.0 | 5.3 | 11.6 | 13.3 | 23.9% |
| Germany | 0.2 | 5.2 | 2.3 | 11.1 | 281.4% |
| Poland | N/A | 2.9 | 3.7 | 10.1 | 86.6% |
| Romania | N/A | N/A | 2.0 | 6.3 | 215.0% |
| Italy | 1.6 | 0.7 | 1.7 | 4.0 | 35.7% |
| Slovenia | 6.3 | 7.3 | 7.6 | 3.5 | -17.8% |
| Netherlands | 1.1 | 1.2 | 2.5 | 2.4 | 29.7% |
| Austria | 4.0 | 2.5 | 2.1 | 2.0 | -20.6% |
| France | 12.5 | 14.0 | 7.5 | 1.3 | -53.0% |
| Czech Republic | 2.5 | 5.3 | 5.4 | 1.1 | -23.9% |
| Others | 0.1 | 0.3 | 0.1 | 0.1 | 0.0% |
| Total | 58.7 | 62.8 | 61.8 | 69.3 | 5.7% |
Top Suppliers of Banana and Plantain to Hungary in 2022:
- Slovakia (19.2K tons)
- Belgium (16.9K tons)
- Germany (13.0K tons)
- Poland (10.5K tons)
- Romania (7.4K tons)
- Italy (5.0K tons)
- Slovenia (3.7K tons)
- Netherlands (2.8K tons)
- Austria (1.9K tons)
- France (1.6K tons)
- Czech Republic (1.3K tons)
Banana and Plantain Exports in Hungary
In 2022, the amount of bananas and plantains exported from Hungary fell modestly to 22K tons, approximately equating 2021 figures. Overall, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 87%. As a result, the exports reached the peak of 22K tons, and then shrank modestly in the following year.
In value terms, banana and plantain exports rose remarkably to $20M in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 94%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Banana and Plantain in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 2.8 | 7.1 | 7.3 | 9.2 | 48.7% |
| Romania | 6.6 | 1.5 | 10.1 | 6.7 | 0.5% |
| Croatia | 1.3 | 0.3 | N/A | 2.2 | 19.2% |
| Poland | N/A | N/A | N/A | 1.5 | 0% |
| Others | N/A | N/A | N/A | 0.3 | 0% |
| Total | 10.7 | 8.9 | 17.3 | 19.8 | 22.8% |
Top Export Markets for Banana and Plantain from Hungary in 2022:
- Czech Republic (10.9K tons)
- Romania (7.3K tons)
- Croatia (1.9K tons)
- Poland (1.5K tons)
This report provides an in-depth analysis of the banana and plantain market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 486 - Bananas
- FCL 489 - Plantains
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the banana and plantain market in Hungary.
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This report provides an in-depth analysis of the plantain market in Hungary.
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This report provides an in-depth analysis of the banana and plantain market in Hungary.
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This report provides an in-depth analysis of the plantain market in Hungary.
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