Hungary - Dried Onions - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDried Onion Price in Hungary - 2023
Contents:
- Dried Onion Price in Hungary (CIF) - 2023
- Dried Onion Price in Hungary (FOB) - 2023
- Dried Onion Imports in Hungary
- Dried Onion Exports in Hungary
Dried Onion Price in Hungary (CIF) - 2023
The average dried onion import price stood at $2,863 per ton in May 2023, with an increase of 11% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in June 2022 when the average import price increased by 14% month-to-month. Over the period under review, average import prices attained the peak figure at $3,050 per ton in August 2022; however, from September 2022 to May 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Germany ($4,873 per ton), while the price for Slovenia ($2,128 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Dried Onion Price in Hungary (FOB) - 2023
In May 2023, the average dried onion export price amounted to $3,784 per ton, rising by 5.7% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 9.8% month-to-month. The export price peaked in May 2023.
Average prices varied noticeably for the major export markets. In May 2023, the countries with the highest prices were the Netherlands ($4,180 per ton) and Sweden ($4,087 per ton), while the average price for exports to Germany ($3,703 per ton) and Poland ($3,703 per ton) were amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Dried Onion Imports in Hungary
For the fourth consecutive year, Hungary recorded growth in overseas purchases of dried onions, which increased by 43% to 5.8K tons in 2022. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, dried onion imports soared to $16M in 2022. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Dried Onion in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.6 | 2.6 | 2.7 | 4.7 | 21.8% |
| China | 1.1 | 1.8 | 2.4 | 4.2 | 56.3% |
| Netherlands | 0.1 | 0.5 | 2.0 | 3.2 | 217.5% |
| Egypt | 0.4 | 0.7 | 1.3 | 1.3 | 48.1% |
| Germany | 1.2 | 1.1 | 0.9 | 0.7 | -16.4% |
| Spain | 0.1 | 0.2 | 0.4 | 0.7 | 91.3% |
| Serbia | 0.6 | 0.5 | 0.3 | 0.5 | -5.9% |
| France | 0.3 | 0.7 | 0.5 | 0.1 | -30.7% |
| United Kingdom | 1.0 | 0.9 | N/A | N/A | -10.0% |
| Others | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
| Total | 7.6 | 9.1 | 10.7 | 15.6 | 27.1% |
Top Suppliers of Dried Onion to Hungary in 2022:
- United Kingdom (undefined tons)
- India (2141.2 tons)
- Netherlands (1262.9 tons)
- China (1228.0 tons)
- Egypt (523.7 tons)
- Spain (237.7 tons)
- Germany (207.6 tons)
- Serbia (82.4 tons)
- France (38.7 tons)
Dried Onion Exports in Hungary
Dried onion exports from Hungary skyrocketed to 3K tons in 2022, increasing by 37% against 2021 figures. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 65% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, dried onion exports soared to $8.9M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Dried Onion in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,556 | 2,797 | 4,754 | 5,605 | 16.4% |
| Romania | 130 | 194 | 307 | 807 | 83.8% |
| Poland | 637 | 514 | 529 | 564 | -4.0% |
| Netherlands | N/A | 1.4 | 85.0 | 354 | 1490.1% |
| Sweden | 378 | 401 | 353 | 351 | -2.4% |
| Austria | 282 | 261 | 267 | 271 | -1.3% |
| Switzerland | 568 | 87.7 | 64.8 | 227 | -26.3% |
| Slovakia | 63.9 | 172 | 183 | 220 | 51.0% |
| Portugal | 40.0 | 3.1 | 28.4 | 140 | 51.8% |
| Others | 282 | 162 | 255 | 364 | 8.9% |
| Total | 5,937 | 4,594 | 6,827 | 8,901 | 14.5% |
Top Export Markets for Dried Onion from Hungary in 2022:
- Germany (1925.9 tons)
- Romania (255.6 tons)
- Poland (168.2 tons)
- Netherlands (111.4 tons)
- Sweden (107.0 tons)
- Austria (80.4 tons)
- Switzerland (73.6 tons)
- Slovakia (65.5 tons)
- Portugal (47.8 tons)
This report provides an in-depth analysis of the dried onion 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 10391330 - Dried onions, whole, cut, sliced, broken or in powder, but not further prepared
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
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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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