Hungary - Breakfast Cereals - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBreakfast Cereal Price in Hungary - 2023
Contents:
- Breakfast Cereal Price in Hungary (CIF) - 2023
- Breakfast Cereal Price in Hungary (FOB) - 2023
- Breakfast Cereal Imports in Hungary
- Breakfast Cereal Exports in Hungary
Breakfast Cereal Price in Hungary (CIF) - 2023
The average breakfast cereal import price stood at $3,173 per ton in August 2023, rising by 6.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 25% against the previous month. As a result, import price reached the peak level of $3,585 per ton. From May 2023 to August 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($5,497 per ton), while the price for Turkey ($615 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Breakfast Cereal Price in Hungary (FOB) - 2023
In August 2023, the average breakfast cereal export price amounted to $4,636 per ton, stabilizing at the previous month. Over the last twelve months, it increased at an average monthly rate of +2.9%. The growth pace was the most rapid in May 2023 an increase of 20% m-o-m. As a result, the export price reached the peak level of $5,111 per ton. From June 2023 to August 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($8,524 per ton), while the average price for exports to Italy ($2,301 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Breakfast Cereal Imports in Hungary
In 2022, the amount of breakfast cereals imported into Hungary rose modestly to 22K tons, increasing by 3% against the previous year's figure. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 12%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, breakfast cereal imports skyrocketed to $58M in 2022. The total import value increased at an average annual rate of +12.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Breakfast Cereal in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 12.9 | 14.5 | 16.4 | 17.6 | 10.9% |
| Germany | 9.2 | 10.0 | 9.8 | 11.5 | 7.7% |
| Czech Republic | 8.3 | 8.9 | 9.2 | 11.1 | 10.2% |
| Austria | 1.3 | 1.5 | 1.9 | 2.1 | 17.3% |
| Spain | 1.1 | 1.0 | 1.1 | 1.8 | 17.8% |
| Romania | 1.4 | 1.5 | 1.5 | 1.6 | 4.6% |
| France | 1.4 | 1.8 | 1.3 | 1.6 | 4.6% |
| Bulgaria | 0.3 | N/A | 0.1 | 1.6 | 74.7% |
| Turkey | 0.3 | 0.5 | 0.6 | 1.5 | 71.0% |
| Netherlands | 0.6 | 0.7 | 1.2 | 1.5 | 35.7% |
| Belgium | 0.9 | 0.9 | 1.1 | 1.4 | 15.9% |
| Slovakia | 0.9 | 0.9 | 1.2 | 1.0 | 3.6% |
| Ukraine | 0.4 | 0.6 | 0.6 | 0.2 | -20.6% |
| Others | 2.1 | 2.3 | 2.8 | 3.2 | 15.1% |
| Total | 41.0 | 45.1 | 48.8 | 57.7 | 12.1% |
Top Suppliers of Breakfast Cereal to Hungary in 2022:
- Poland (6.8K tons)
- Germany (3.9K tons)
- Czech Republic (3.1K tons)
- Turkey (1.9K tons)
- Spain (1.0K tons)
- Romania (0.8K tons)
- Netherlands (0.7K tons)
- Austria (0.7K tons)
- Belgium (0.7K tons)
- France (0.4K tons)
- Slovakia (0.4K tons)
- Bulgaria (0.4K tons)
- Ukraine (0.2K tons)
Breakfast Cereal Exports in Hungary
In 2022, the amount of breakfast cereals exported from Hungary expanded rapidly to 4.8K tons, surging by 8.6% compared with the year before. The total export volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 17%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, breakfast cereal exports soared to $18M in 2022. The total export value increased at an average annual rate of +13.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Breakfast Cereal in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 2.4 | 2.6 | 2.8 | 3.6 | 14.5% |
| Germany | 1.7 | 1.5 | 1.6 | 2.2 | 9.0% |
| Slovakia | 0.8 | 2.1 | 1.3 | 1.6 | 26.0% |
| Czech Republic | 0.9 | 1.2 | 1.0 | 1.4 | 15.9% |
| Serbia | 0.7 | 0.8 | 1.1 | 1.4 | 26.0% |
| Croatia | 0.7 | 1.1 | 1.0 | 1.4 | 26.0% |
| Italy | 0.7 | 0.8 | 1.0 | 1.0 | 12.6% |
| Poland | 1.1 | 1.0 | 1.0 | 1.0 | -3.1% |
| Slovenia | 0.5 | 0.5 | 0.5 | 0.7 | 11.9% |
| Greece | 0.7 | 0.5 | 0.5 | 0.6 | -5.0% |
| Bulgaria | 0.2 | 0.3 | 0.4 | 0.5 | 35.7% |
| Austria | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| Bosnia and Herzegovina | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Others | 1.3 | 1.7 | 1.9 | 1.9 | 13.5% |
| Total | 12.4 | 14.7 | 14.7 | 18.0 | 13.2% |
Top Export Markets for Breakfast Cereal from Hungary in 2022:
- Romania (1048.0 tons)
- Italy (527.0 tons)
- Czech Republic (494.1 tons)
- Croatia (427.2 tons)
- Slovakia (416.0 tons)
- Serbia (402.1 tons)
- Germany (223.6 tons)
- Poland (193.5 tons)
- Greece (173.0 tons)
- Slovenia (168.7 tons)
- Bulgaria (156.6 tons)
- Bosnia and Herzegovina (106.8 tons)
- Austria (87.9 tons)
This report provides an in-depth analysis of the breakfast cereal 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:
- Prodcom 10613351 - Muesli type preparations based on unroasted cereal flakes
- Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)
- Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals
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
- 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 VOLUME AND VALUE
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
- 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
- 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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