Hungary - Maize (Corn) Starch - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMaize Starch Price in Hungary - 2023
Contents:
- Maize Starch Price in Hungary (FOB) - 2023
- Maize Starch Price in Hungary (CIF) - 2022
- Maize Starch Exports in Hungary
- Maize Starch Imports in Hungary
Maize Starch Price in Hungary (FOB) - 2023
The average maize starch export price stood at $947 per ton in May 2023, with a decrease of -6.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 15% against the previous month. Over the period under review, the average export prices reached the maximum at $1,010 per ton in April 2023, and then declined in the following month.
There were significant differences in the average prices for the major export markets. In May 2023, the country with the highest price was Romania ($1,974 per ton), while the average price for exports to Italy ($862 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Maize Starch Price in Hungary (CIF) - 2022
In 2022, the average maize starch import price amounted to $1,175 per ton, increasing by 23% against the previous year. In general, the import price recorded mild growth. As a result, import price attained 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 2022, amid the top importers, the country with the highest price was Germany ($2,192 per ton), while the price for Romania ($800 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Maize Starch Exports in Hungary
Maize starch exports from Hungary skyrocketed to 35K tons in 2022, increasing by 16% against 2021 figures. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +25.9% 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 +99.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 78%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, maize starch exports surged to $22M in 2022. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Maize Starch in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.7 | 3.3 | 4.1 | 7.6 | 121.4% |
| Poland | 4.2 | 4.8 | 5.9 | 6.9 | 18.0% |
| Netherlands | 0.2 | 1.2 | N/A | 3.9 | 169.2% |
| Croatia | 0.9 | 1.5 | 1.3 | 2.3 | 36.7% |
| Slovakia | N/A | 0.1 | 0.3 | 0.5 | 123.6% |
| Austria | 0.1 | 0.8 | 0.3 | 0.3 | 44.2% |
| Slovenia | 1.2 | 0.5 | 0.1 | 0.2 | -45.0% |
| Others | 0.7 | 0.4 | 0.8 | 0.4 | -17.0% |
| Total | 8.0 | 12.6 | 12.8 | 21.9 | 39.9% |
Top Export Markets for Maize Starch from Hungary in 2022:
- Poland (13.9K tons)
- Italy (11.7K tons)
- Netherlands (4.1K tons)
- Croatia (3.2K tons)
- Austria (0.8K tons)
- Slovakia (0.6K tons)
- Slovenia (0.2K tons)
Maize Starch Imports in Hungary
In 2022, imports of maize (corn) starch into Hungary totaled 2.7K tons, surging by 2.1% compared with 2021 figures. The total import volume increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, maize starch imports skyrocketed to $3.2M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.2% 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 +53.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Maize Starch in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 514 | 398 | 385 | 620 | 6.4% |
| Slovakia | 42.7 | 82.6 | 150 | 587 | 139.6% |
| Netherlands | 197 | 208 | 82.5 | 366 | 22.9% |
| Germany | 398 | 403 | 388 | 365 | -2.8% |
| Serbia | 103 | 207 | 506 | 302 | 43.1% |
| France | 402 | 257 | 242 | 270 | -12.4% |
| Belgium | 164 | 200 | 406 | 221 | 10.5% |
| Austria | 231 | 684 | 278 | 220 | -1.6% |
| Romania | 4.4 | 18.2 | 21.8 | 127 | 206.7% |
| Czech Republic | 3.0 | 34.9 | 33.7 | 71.4 | 187.6% |
| Others | 31.3 | 25.4 | 55.2 | 48.6 | 15.8% |
| Total | 2,090 | 2,518 | 2,548 | 3,198 | 15.2% |
Top Suppliers of Maize Starch to Hungary in 2022:
- Slovakia (640.4 tons)
- Italy (500.6 tons)
- Serbia (333.8 tons)
- Netherlands (280.1 tons)
- France (204.1 tons)
- Belgium (199.0 tons)
- Germany (166.6 tons)
- Romania (158.5 tons)
- Austria (141.8 tons)
- Czech Republic (48.2 tons)
This report provides an in-depth analysis of the maize starch 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 10621113 - Maize (corn) starch
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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