Hungary - Lentils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLentil Price in Hungary - 2023
Contents:
- Lentil Price in Hungary (CIF) - 2023
- Lentil Price in Hungary (FOB) - 2023
- Lentil Imports in Hungary
- Lentil Exports in Hungary
Lentil Price in Hungary (CIF) - 2023
The average lentil import price stood at $1,628 per ton in June 2023, jumping by 33% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($3,029 per ton), while the price for Canada ($1,151 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Lentil Price in Hungary (FOB) - 2023
In June 2023, the average lentil export price amounted to $2,897 per ton, growing by 128% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Slovenia ($3,322 per ton), while the average price for exports to the UK ($2,178 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Lentil Imports in Hungary
In 2022, the amount of lentils imported into Hungary surged to 4.3K tons, increasing by 42% compared with the previous year. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.2% against 2020 indices.
In value terms, lentil imports soared to $5.6M in 2022. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 66% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Lentil in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 574 | 1,384 | 1,074 | 2,446 | 62.1% |
| Slovakia | 255 | 295 | 80.9 | 690 | 39.3% |
| Poland | 110 | 155 | 95.8 | 447 | 59.6% |
| Russia | 213 | 411 | 383 | 375 | 20.7% |
| Turkey | 82.9 | 175 | 231 | 310 | 55.2% |
| France | 90.3 | 225 | 317 | 245 | 39.5% |
| Czech Republic | 228 | 205 | 306 | 211 | -2.5% |
| Italy | 93.8 | 47.7 | 143 | 178 | 23.8% |
| China | N/A | 70.6 | 225 | 169 | 54.7% |
| Netherlands | 25.1 | 102 | 74.4 | 163 | 86.6% |
| Austria | 27.4 | 52.5 | 80.0 | 128 | 67.2% |
| Bulgaria | N/A | N/A | 73.6 | 82.4 | 12.0% |
| Ukraine | 182 | 108 | 2.9 | N/A | -87.4% |
| Others | 355 | 493 | 612 | 178 | -20.6% |
| Total | 2,237 | 3,725 | 3,699 | 5,623 | 36.0% |
Top Suppliers of Lentil to Hungary in 2022:
- Canada (1994.4 tons)
- Slovakia (527.0 tons)
- Poland (292.5 tons)
- Russia (290.5 tons)
- Turkey (250.1 tons)
- Czech Republic (167.5 tons)
- Netherlands (138.5 tons)
- Italy (133.5 tons)
- France (126.6 tons)
- China (100.0 tons)
- Austria (77.8 tons)
- Bulgaria (66.0 tons)
Lentil Exports in Hungary
For the third consecutive year, Hungary recorded decline in overseas shipments of lentils, which decreased by -13.6% to 153 tons in 2022. Over the period under review, exports recorded a abrupt setback. The smallest decline of -10.9% was in 2021.
In value terms, lentil exports fell to $392K in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. As a result, the exports attained the peak of $460K, and then reduced in the following year.
| Export of Lentil in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 56.4 | 72.6 | 86.0 | 68.2 | 6.5% |
| Romania | 56.4 | 59.9 | 60.2 | 59.8 | 2.0% |
| Slovakia | 107 | 82.3 | 82.2 | 45.4 | -24.9% |
| Slovenia | 47.3 | 54.5 | 61.0 | 40.4 | -5.1% |
| Czech Republic | 52.1 | 48.5 | 56.3 | 40.2 | -8.3% |
| Serbia | 14.3 | 21.7 | 30.7 | 39.2 | 40.0% |
| Ukraine | N/A | N/A | N/A | 35.0 | 0% |
| Bosnia and Herzegovina | 14.6 | 16.3 | 23.3 | 23.5 | 17.2% |
| Others | 27.3 | 40.6 | 60.6 | 39.9 | 13.5% |
| Total | 376 | 396 | 460 | 392 | 1.4% |
Top Export Markets for Lentil from Hungary in 2022:
- Romania (32.6 tons)
- Croatia (24.0 tons)
- Ukraine (16.1 tons)
- Slovakia (15.5 tons)
- Serbia (15.0 tons)
- Czech Republic (14.0 tons)
- Slovenia (13.4 tons)
- Bosnia and Herzegovina (8.4 tons)
This report provides an in-depth analysis of the lentil 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 201 - Lentils, dry
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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