Report Update: May 1, 2024

Hungary - Groats And Meal Of Cereals (Excluding Wheat) - Market Analysis, Forecast, Size, Trends And Insights

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Non-Wheat Groats Price in Hungary - 2023

Non-Wheat Groats Price in Hungary (FOB) - 2023

The average non-wheat groats export price stood at $649 per ton in June 2023, rising by 4% against the previous month. In general, export price indicated a perceptible expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.1% 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, non-wheat groats export price increased by +19.0% against March 2023 indices. The growth pace was the most rapid in November 2022 when the average export price increased by 14% month-to-month. Over the period under review, the average export prices attained the peak figure in June 2023.

Average prices varied somewhat for the major export markets. In June 2023, the countries with the highest prices were the Netherlands ($692 per ton) and Italy ($673 per ton), while the average price for exports to Austria ($490 per ton) and Poland ($529 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 the Netherlands (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Groats Price in Hungary (CIF) - 2023

The average non-wheat groats import price stood at $283 per ton in June 2023, with a decrease of -11.2% against the previous month. Overall, the import price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 64% m-o-m. As a result, import price attained the peak level of $644 per ton. From November 2022 to June 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($1,955 per ton), while the price for Austria ($215 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 Slovakia (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Non-Wheat Groats Exports in Hungary

In 2022, approx. 39K tons of groats and meal of cereals (excluding wheat) were exported from Hungary; picking up by 14% on 2021 figures. The total export volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-wheat groats exports skyrocketed to $19M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Non-Wheat Groats in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	2.8	2.8	5.8	8.3	43.7%
Italy	2.7	1.7	2.7	4.1	14.9%
Netherlands	N/A	N/A	0.1	1.6	1500.0%
Slovakia	0.8	0.9	0.5	1.2	14.5%
Belgium	0.2	1.7	0.5	0.7	51.8%
Cyprus	0.3	0.2	0.2	0.5	18.6%
Congo	1.5	0.6	0.3	0.4	-35.6%
Austria	0.1	0.1	0.2	0.3	44.2%
Cote d'Ivoire	0.3	0.2	0.1	N/A	-42.3%
Poland	1.4	0.6	0.1	N/A	-73.3%
Others	2.2	2.7	2.5	2.0	-3.1%
Total	12.4	11.4	13.0	19.1	15.5%

Top Export Markets for Non-Wheat Groats from Hungary in 2022:

Poland (undefinedK tons)
Romania (17.0K tons)
Italy (9.1K tons)
Netherlands (4.1K tons)
Slovakia (2.3K tons)
Belgium (1.4K tons)
Cyprus (0.9K tons)
Austria (0.7K tons)
Congo (0.5K tons)

Non-Wheat Groats Imports in Hungary

In 2022, purchases abroad of groats and meal of cereals (excluding wheat) was finally on the rise to reach 1.6K tons after two years of decline. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-wheat groats imports soared to $1.1M in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Non-Wheat Groats in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Serbia	N/A	N/A	N/A	298	0%
Romania	207	122	0.5	255	7.2%
Germany	118	134	149	201	19.4%
Slovakia	15.5	N/A	7.9	197	133.4%
Ukraine	5.2	0.3	1.1	41.3	99.5%
Poland	56.0	95.3	36.4	29.6	-19.1%
Czech Republic	2.1	3.2	9.3	18.9	108.0%
Belgium	N/A	31.7	N/A	N/A	0%
Others	15.2	5.0	50.4	11.7	-8.4%
Total	419	391	254	1,053	36.0%

Top Suppliers of Non-Wheat Groats to Hungary in 2022:

Romania (982.5 tons)
Slovakia (340.3 tons)
Germany (118.5 tons)
Ukraine (72.4 tons)
Serbia (55.0 tons)
Poland (37.4 tons)
Czech Republic (25.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the non-wheat groats 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 10613230 - Groats and meal of oats, maize, rice, rye, barley and other cereals (excluding wheat)

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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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