Hungary - Olives - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOlive Price in Hungary - 2023
Contents:
- Olive Price in Hungary (FOB) - 2022
- Olive Price in Hungary (CIF) - 2022
- Olive Exports in Hungary
- Olive Imports in Hungary
Olive Price in Hungary (FOB) - 2022
In 2022, the average olive export price amounted to $3,799 per ton, surging by 52% against the previous year. In general, the export price enjoyed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($4,647 per ton), while the average price for exports to Slovakia amounted to $2,141 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+2.6%), while the prices for the other major destinations experienced a decline.
Olive Price in Hungary (CIF) - 2022
In 2022, the average olive import price amounted to $2,196 per ton, growing by 63% against the previous year. In general, the import price, however, saw a perceptible decline. The growth pace was the most rapid in 2019 when the average import price increased by 97% against the previous year. Over the period under review, average import prices attained the maximum at $4,083 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Greece ($2,933 per ton), while the price for Austria amounted to $1,611 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+19.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Olive Exports in Hungary
In 2022, shipments abroad of olives decreased by -75.7% to 3.1 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 3,005% against the previous year. As a result, the exports reached the peak of 25 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, olive exports shrank rapidly to $12K in 2022. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 3,723% against the previous year. As a result, the exports attained the peak of $56K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Olive in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | N/A | N/A | N/A | 9.6 | 0% |
| Slovakia | 1.4 | 1.8 | 2.2 | 2.3 | 18.0% |
| Romania | N/A | 54.0 | 30.0 | N/A | -44.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.5 | 55.9 | 32.2 | 11.9 | 99.4% |
Top Export Markets for Olive from Hungary in 2022:
- Austria (2.1 tons)
- Slovakia (1.1 tons)
Olive Imports in Hungary
In 2022, supplies from abroad of olives decreased by -89.7% to 2.5 tons, falling for the second year in a row after two years of growth. In general, imports saw a precipitous slump. The growth pace was the most rapid in 2020 with an increase of 182%. As a result, imports reached the peak of 26 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, olive imports shrank rapidly to $5.6K in 2022. Overall, imports faced a sharp setback. The pace of growth appeared the most rapid in 2020 when imports increased by 60%. As a result, imports reached the peak of $57K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Olive in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | N/A | 49.7 | 25.5 | 3.3 | -74.2% |
| Austria | 3.5 | 2.9 | 2.5 | 2.3 | -13.1% |
| Germany | 26.3 | N/A | N/A | N/A | 0% |
| Others | 5.7 | 4.2 | 5.2 | N/A | -4.5% |
| Total | 35.5 | 56.8 | 33.3 | 5.6 | -46.0% |
Top Suppliers of Olive to Hungary in 2022:
- Austria (1415.0 kg)
- Greece (1119.0 kg)
This report provides an in-depth analysis of the olive 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 260 - Olives
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
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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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