Hungary - Dry Vegetable - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Hungary - Dry Vegetable - Market Analysis, Forecast, Size, Trends and Insights

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Dry Vegetable Price in Hungary - 2023

Contents:

  1. Dry Vegetable Price in Hungary (CIF) - 2023
  2. Dry Vegetable Price in Hungary (FOB) - 2023
  3. Dry Vegetable Imports in Hungary
  4. Dry Vegetable Exports in Hungary

Dry Vegetable Price in Hungary (CIF) - 2023

In August 2023, the average dry vegetable import price amounted to $3,479 per ton, which is down by -10.9% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 83% month-to-month. As a result, import price attained the peak level of $9,133 per ton. From May 2023 to August 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Egypt ($4,982 per ton), while the price for Italy ($1,070 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 Egypt (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Dry Vegetable Price in Hungary (FOB) - 2023

The average dry vegetable export price stood at $5,612 per ton in August 2023, surging by 2.2% against the previous month. Over the period under review, export price indicated a notable expansion from August 2022 to August 2023: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, dry vegetable export price decreased by -22.2% against April 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 46% m-o-m. Over the period under review, the average export prices reached the maximum at $7,209 per ton in April 2023; however, from May 2023 to August 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($8,747 per ton), while the average price for exports to the Netherlands ($3,702 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 Switzerland (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Vegetable Imports in Hungary

In 2022, approx. 14K tons of dry vegetables were imported into Hungary; with an increase of 36% on the previous year. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dry vegetable imports surged to $48M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Dry Vegetable in Hungary (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands2.32.74.78.755.8%
China3.13.95.27.333.0%
India2.72.82.94.821.1%
Serbia3.03.13.24.111.0%
France4.24.04.13.6-5.0%
Germany3.93.83.43.5-3.5%
Poland1.52.32.83.026.0%
Egypt0.81.11.71.933.4%
Spain0.10.20.71.5146.6%
Slovakia0.10.10.21.1122.4%
Romania0.10.10.20.9108.0%
Belgium0.20.30.30.535.7%
Slovenia0.30.30.70.410.1%
Others6.06.14.36.42.2%
Total28.230.734.247.619.1%

Top Suppliers of Dry Vegetable to Hungary in 2022:

  1. Netherlands (2740.9 tons)
  2. India (2221.8 tons)
  3. China (2187.3 tons)
  4. Serbia (1096.3 tons)
  5. Poland (1047.9 tons)
  6. Germany (741.9 tons)
  7. Egypt (674.0 tons)
  8. Spain (480.8 tons)
  9. Romania (252.9 tons)
  10. Belgium (249.2 tons)
  11. France (227.8 tons)
  12. Slovakia (227.7 tons)
  13. Slovenia (216.0 tons)

Dry Vegetable Exports in Hungary

Dry vegetable exports from Hungary rose sharply to 8.6K tons in 2022, growing by 12% against the previous year's figure. The total export volume increased at an average annual rate of +10.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, dry vegetable exports soared to $37M in 2022. The total export value increased at an average annual rate of +12.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Dry Vegetable in Hungary (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany6.67.49.310.215.6%
United States4.55.76.88.121.6%
Romania1.31.11.62.320.9%
France1.61.82.11.95.9%
Spain1.01.01.81.719.3%
Italy1.41.11.21.52.3%
Poland1.01.31.51.411.9%
Netherlands0.50.80.71.026.0%
United Kingdom0.10.10.10.8100.0%
Austria0.60.30.40.60.0%
Croatia0.20.70.80.644.2%
Switzerland0.80.40.40.4-20.6%
Mexico1.00.80.20.2-41.5%
Others5.66.05.16.55.1%
Total26.528.432.337.312.1%

Top Export Markets for Dry Vegetable from Hungary in 2022:

  1. Germany (3125.6 tons)
  2. United States (1603.1 tons)
  3. Romania (618.2 tons)
  4. France (378.3 tons)
  5. Spain (338.8 tons)
  6. Poland (271.7 tons)
  7. Italy (263.5 tons)
  8. Netherlands (232.9 tons)
  9. United Kingdom (224.6 tons)
  10. Croatia (156.5 tons)
  11. Austria (124.9 tons)
  12. Switzerland (106.8 tons)
  13. Mexico (44.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the dry vegetable 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 469 - Vegetables, Dehydrated

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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