Dried Apricot Price in Hungary - 2023

Contents:

  1. Dried Apricot Price in Hungary (CIF) - 2022
  2. Dried Apricot Price in Hungary (FOB) - 2022
  3. Dried Apricot Imports in Hungary
  4. Dried Apricot Exports in Hungary

Dried Apricot Price in Hungary (CIF) - 2022

In 2022, the average dried apricot import price amounted to $5,613 per ton, jumping by 16% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried apricot import price increased by +65.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 82% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($8,097 per ton), while the price for Slovakia ($5,017 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Dried Apricot Price in Hungary (FOB) - 2022

In 2022, the average dried apricot export price amounted to $7,797 per ton, surging by 54% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($8,094 per ton) and Croatia ($7,992 per ton), while the average price for exports to Serbia ($6,833 per ton) and North Macedonia ($6,936 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Dried Apricot Imports in Hungary

In 2022, supplies from abroad of dried apricots decreased by -46.5% to 203 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year.

In value terms, dried apricot imports fell markedly to $1.1M in 2022. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. As a result, imports attained the peak of $1.8M, and then contracted markedly in the following year.

Import of Dried Apricot in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey470401699442-2.0%
Slovakia28.848.4133257107.4%
Netherlands28.585.663.610152.5%
Germany11111515787.6-7.6%
Serbia6.733.962.585.3133.5%
France15225630868.8-23.2%
Czech Republic72.362.811638.6-18.9%
Poland40.413095.624.0-15.9%
SloveniaN/A64.41270.4-92.1%
Others26.571.979.236.611.4%
Total9361,2691,8401,1416.8%

Top Suppliers of Dried Apricot to Hungary in 2022:

  1. Turkey (81.0 tons)
  2. Slovakia (51.2 tons)
  3. Netherlands (16.2 tons)
  4. Serbia (15.2 tons)
  5. France (13.4 tons)
  6. Germany (10.8 tons)
  7. Czech Republic (6.5 tons)
  8. Poland (4.0 tons)
  9. Slovenia (0.1 tons)

Dried Apricot Exports in Hungary

In 2022, shipments abroad of dried apricots decreased by -92.1% to 8.7 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 178% against the previous year.

In value terms, dried apricot exports dropped dramatically to $68K in 2022. Over the period under review, exports showed a deep downturn. The growth pace was the most rapid in 2020 with an increase of 151%.

Export of Dried Apricot in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Croatia18.078.526034.924.7%
Serbia2.215.631.98.959.3%
Slovakia10.940.965.48.0-9.8%
Romania3.615.946.77.024.8%
Slovenia4.917.454.74.8-0.7%
Bulgaria1.53.512.42.213.6%
North MacedoniaN/A2.87.51.0-40.2%
Bosnia and Herzegovina7.722.4N/AN/A190.9%
Czech Republic41.733.0N/AN/A-20.9%
Others5.812.182.51.4-37.7%
Total96.524256168.1-11.0%

Top Export Markets for Dried Apricot from Hungary in 2022:

  1. Croatia (4.4 tons)
  2. Serbia (1.3 tons)
  3. Slovakia (1.0 tons)
  4. Romania (0.9 tons)
  5. Slovenia (0.6 tons)
  6. Bulgaria (0.3 tons)
  7. North Macedonia (0.1 tons)

Source: IndexBox Market Intelligence Platform

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