Hungary - Malt (Not Roasted) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Hungary - Malt (Not Roasted) - Market Analysis, Forecast, Size, Trends And Insights

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Malt Price in Hungary - 2023

Contents:

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

Malt Price in Hungary (FOB) - 2023

The average malt export price stood at $772 per ton in June 2023, falling by -4.5% against the previous month. In general, export price indicated moderate growth from June 2022 to June 2023: its price increased at an average monthly rate of +3.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, malt export price decreased by -4.5% against May 2023 indices. The pace of growth was the most pronounced in January 2023 an increase of 18% month-to-month. The export price peaked at $809 per ton in May 2023, and then fell slightly in the following month.

Average prices varied somewhat for the major export markets. In June 2023, the highest price was recorded for prices to Serbia ($955 per ton) and Bulgaria ($877 per ton), while the average price for exports to Croatia ($675 per ton) and Italy ($766 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Malt Price in Hungary (CIF) - 2023

In June 2023, the average malt import price amounted to $718 per ton, with a decrease of -10.4% against the previous month. In general, the import price, however, continues to indicate a perceptible increase. The pace of growth was the most pronounced in April 2023 an increase of 51% m-o-m. The import price peaked at $801 per ton in May 2023, and then contracted in the following month.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Slovakia ($824 per ton) and Poland ($738 per ton), while the price for Romania ($678 per ton) and Austria ($685 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Romania (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Malt Exports in Hungary

After three years of growth, shipments abroad of malt (not roasted) decreased by -7.1% to 37K tons in 2022. In general, exports showed a slight slump. The most prominent rate of growth was recorded in 2020 when exports increased by 4% against the previous year.

In value terms, malt exports expanded sharply to $20M in 2022. The total export value increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Malt in Hungary (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Romania15.916.915.011.7-9.7%
Italy0.90.80.93.963.0%
Croatia0.1N/A0.12.9207.2%
BelgiumN/AN/A1.70.5-70.6%
BulgariaN/AN/AN/A0.50%
SloveniaN/AN/AN/A0.20%
Others0.10.10.30.458.7%
Total16.917.918.020.16.0%

Top Export Markets for Malt from Hungary in 2022:

  1. Romania (21.6K tons)
  2. Italy (6.9K tons)
  3. Croatia (5.3K tons)
  4. Belgium (1.0K tons)
  5. Bulgaria (1.0K tons)
  6. Slovenia (0.6K tons)

Malt Imports in Hungary

In 2022, the amount of malt (not roasted) imported into Hungary soared to 40K tons, increasing by 46% compared with the year before. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.7% 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 +59.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, malt imports soared to $18M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.4% 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 +72.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Malt in Hungary (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Slovakia9.29.59.612.310.2%
Austria2.30.40.45.029.5%
Czech Republic0.30.21.00.838.7%
Others0.80.60.60.4-20.6%
Total12.710.711.718.513.4%

Top Suppliers of Malt to Hungary in 2022:

  1. Slovakia (26.8K tons)
  2. Austria (10.5K tons)
  3. Czech Republic (1.5K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the malt 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 11061030 - Malt, not roasted (excluding alcohol duty)

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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