Hungary - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPeanut Butter Price in Hungary - 2023
Contents:
- Peanut Butter Price in Hungary (FOB) - 2023
- Peanut Butter Price in Hungary (CIF) - 2023
- Peanut Butter Exports in Hungary
- Peanut Butter Imports in Hungary
Peanut Butter Price in Hungary (FOB) - 2023
In August 2023, the average peanut butter export price amounted to $3,312 per ton, standing approximately at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 14% against the previous month. Over the period under review, the average export prices reached the peak figure at $3,439 per ton in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Germany ($7,705 per ton), while the average price for exports to Slovenia ($2,664 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Peanut Butter Price in Hungary (CIF) - 2023
The average peanut butter import price stood at $3,399 per ton in August 2023, therefore, remained relatively stable against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.9%. The most prominent rate of growth was recorded in February 2023 an increase of 19% month-to-month. As a result, import price reached the peak level of $3,544 per ton. From March 2023 to August 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Czech Republic ($6,087 per ton), while the price for Poland ($2,851 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Peanut Butter Exports in Hungary
In 2022, shipments abroad of peanut butter and prepared or preserved groundnuts decreased by -4.6% to 2.7K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 12% against the previous year. As a result, the exports reached the peak of 2.8K tons, and then fell slightly in the following year.
In value terms, peanut butter exports dropped to $7.2M in 2022. The total export value increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 14%. As a result, the exports reached the peak of $7.9M, and then contracted in the following year.
| Export of Peanut Butter in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 4,250 | 4,380 | 4,859 | 4,569 | 2.4% |
| Croatia | 448 | 358 | 422 | 361 | -6.9% |
| Germany | 114 | 202 | 168 | 281 | 35.1% |
| Bosnia and Herzegovina | 197 | 221 | 258 | 234 | 5.9% |
| Slovenia | 78.4 | 131 | 155 | 188 | 33.8% |
| Slovakia | 153 | 164 | 223 | 180 | 5.6% |
| Serbia | 56.9 | 140 | 188 | 172 | 44.6% |
| Italy | 97.4 | 156 | 207 | 161 | 18.2% |
| Ukraine | 104 | 158 | 118 | 157 | 14.7% |
| Poland | 98.8 | 139 | 134 | 150 | 14.9% |
| Others | 500 | 902 | 1,205 | 734 | 13.7% |
| Total | 6,098 | 6,951 | 7,936 | 7,188 | 5.6% |
Top Export Markets for Peanut Butter from Hungary in 2022:
- Romania (1875.5 tons)
- Croatia (130.4 tons)
- Slovenia (84.8 tons)
- Bosnia and Herzegovina (81.7 tons)
- Germany (70.4 tons)
- Poland (63.0 tons)
- Serbia (60.7 tons)
- Italy (51.8 tons)
- Ukraine (51.5 tons)
- Slovakia (42.7 tons)
Peanut Butter Imports in Hungary
After three years of growth, supplies from abroad of peanut butter and prepared or preserved groundnuts decreased by -15.7% to 2.2K tons in 2022. In general, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 6.5% against the previous year. As a result, imports reached the peak of 2.6K tons, and then fell notably in the following year.
In value terms, peanut butter imports shrank notably to $5.8M in 2022. Over the period under review, imports saw a perceptible shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 11%. As a result, imports reached the peak of $7.5M, and then shrank significantly in the following year.
| Import of Peanut Butter in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 3.5 | 3.3 | 3.3 | 2.4 | -11.8% |
| Germany | 1.5 | 1.8 | 2.4 | 1.6 | 2.2% |
| Slovakia | 0.2 | 0.6 | 0.8 | 0.7 | 51.8% |
| Netherlands | 0.2 | 0.3 | 0.3 | 0.4 | 26.0% |
| Czech Republic | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| Austria | 0.1 | 0.4 | 0.4 | 0.1 | 0.0% |
| Others | 0.3 | 0.2 | 0.2 | 0.1 | -30.7% |
| Total | 6.2 | 6.8 | 7.5 | 5.8 | -2.2% |
Top Suppliers of Peanut Butter to Hungary in 2022:
- Poland (1092.5 tons)
- Germany (548.8 tons)
- Slovakia (312.6 tons)
- Netherlands (138.2 tons)
- Czech Republic (69.6 tons)
- Austria (25.3 tons)
This report provides an in-depth analysis of the peanut butter 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 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)
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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This report provides an in-depth analysis of the peanut butter market in Hungary.
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This report provides an in-depth analysis of the market for nuts (prepared or preserved) in Hungary.
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This report provides an in-depth analysis of the canned pineapple market in Hungary.
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This report provides an in-depth analysis of the global peanut butter market.
8784
In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
1998
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
1162
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad
8784
In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
1998
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
1162
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad
