Non-Liquid Margarine Price in Hungary - 2023
Contents:
- Non-Liquid Margarine Price in Hungary (CIF) - 2023
- Non-Liquid Margarine Price in Hungary (FOB) - 2023
- Non-Liquid Margarine Imports in Hungary
- Non-Liquid Margarine Exports in Hungary
Non-Liquid Margarine Price in Hungary (CIF) - 2023
In June 2023, the average non-liquid margarine import price amounted to $1,762 per ton, standing approximately at the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 11% month-to-month. Over the period under review, average import prices attained the peak figure at $1,793 per ton in April 2023; afterwards, it flattened through to June 2023.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were Austria ($2,093 per ton) and Germany ($1,971 per ton), while the price for Poland ($1,670 per ton) and Romania ($1,703 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 Poland (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Price in Hungary (FOB) - 2023
The average non-liquid margarine export price stood at $2,406 per ton in June 2023, reducing by -3.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in November 2022 an increase of 30% against the previous month. The export price peaked at $2,491 per ton in May 2023, and then shrank slightly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Croatia ($3,346 per ton), while the average price for exports to Albania ($1,196 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 Croatia (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Imports in Hungary
In 2022, approx. 58K tons of non-liquid margarine were imported into Hungary; dropping by -4.3% on the previous year's figure. In general, imports continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 26%. As a result, imports reached the peak of 61K tons, and then contracted modestly in the following year.
In value terms, non-liquid margarine imports surged to $87M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.7% 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 +82.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Non-Liquid Margarine in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 33.4 | 29.1 | 41.6 | 50.7 | 14.9% |
| Belgium | 8.9 | 5.6 | 7.2 | 9.3 | 1.5% |
| Italy | 2.2 | 3.3 | 4.7 | 8.1 | 54.4% |
| Germany | 2.2 | 1.7 | 4.2 | 8.0 | 53.8% |
| Slovakia | 1.1 | 1.6 | 3.0 | 4.7 | 62.3% |
| Austria | 3.1 | 2.4 | 2.4 | 2.4 | -8.2% |
| Lithuania | 0.5 | 0.9 | 0.8 | 1.2 | 33.9% |
| Others | 3.5 | 3.1 | 4.5 | 2.6 | -9.4% |
| Total | 54.8 | 47.6 | 68.4 | 87.0 | 16.7% |
Top Suppliers of Non-Liquid Margarine to Hungary in 2022:
- Poland (36.4K tons)
- Belgium (6.2K tons)
- Germany (4.7K tons)
- Italy (4.3K tons)
- Slovakia (2.8K tons)
- Austria (1.3K tons)
- Lithuania (1.1K tons)
Non-Liquid Margarine Exports in Hungary
After three years of growth, shipments abroad of non-liquid margarine decreased by -21.8% to 9.9K tons in 2022. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 137% against the previous year.
In value terms, non-liquid margarine exports contracted to $18M in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 156%. As a result, the exports attained the peak of $18M, and then contracted in the following year.
| Export of Non-Liquid Margarine in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 0.9 | 3.8 | 11.5 | 10.6 | 127.5% |
| Bulgaria | N/A | 1.5 | 3.6 | 3.4 | 50.6% |
| Slovenia | 2.9 | 0.8 | 1.8 | 2.0 | -11.6% |
| Croatia | 0.5 | 0.2 | 0.4 | 0.8 | 17.0% |
| Slovakia | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
| Bosnia and Herzegovina | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Others | 0.3 | 0.6 | 0.4 | 0.4 | 10.1% |
| Total | 5.0 | 7.2 | 18.4 | 17.8 | 52.7% |
Top Export Markets for Non-Liquid Margarine from Hungary in 2022:
- Romania (6.3K tons)
- Bulgaria (2.0K tons)
- Slovenia (0.8K tons)
- Croatia (0.3K tons)
- Bosnia and Herzegovina (0.2K tons)
- Slovakia (0.2K tons)
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