Hungary - Poppy Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPoppy Seed Price in Hungary - 2023
Contents:
- Poppy Seed Price in Hungary (FOB) - 2023
- Poppy Seed Price in Hungary (CIF) - 2022
- Poppy Seed Exports in Hungary
- Poppy Seed Imports in Hungary
Poppy Seed Price in Hungary (FOB) - 2023
The average poppy seed export price stood at $2,816 per ton in July 2023, picking up by 12% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 26% m-o-m. As a result, the export price reached the peak level of $3,066 per ton. From May 2023 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was the United States ($4,115 per ton), while the average price for exports to Slovakia ($2,147 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Poppy Seed Price in Hungary (CIF) - 2022
In 2022, the average poppy seed import price amounted to $2,317 per ton, rising by 5.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 89%. As a result, import price reached the peak level of $3,165 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($3,361 per ton), while the price for the UK ($1,715 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Poppy Seed Exports in Hungary
In 2022, shipments abroad of poppy seed decreased by -34% to 3.1K tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a pronounced setback. The growth pace was the most rapid in 2020 when exports increased by 60%. As a result, the exports attained the peak of 5.6K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, poppy seed exports dropped notably to $8.1M in 2022. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 24% against the previous year. As a result, the exports attained the peak of $14M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Poppy Seed in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 3.0 | 1.9 | 0.4 | 2.6 | -4.7% |
| United States | 0.4 | 1.1 | 0.8 | 1.6 | 58.7% |
| Austria | 1.0 | 1.7 | 2.1 | 0.8 | -7.2% |
| Ukraine | 2.2 | 2.6 | 1.6 | 0.7 | -31.7% |
| Romania | 0.6 | 0.7 | 0.7 | 0.7 | 5.3% |
| Czech Republic | 0.1 | 1.5 | 1.1 | 0.5 | 71.0% |
| Slovakia | 2.2 | 2.9 | 2.8 | 0.5 | -39.0% |
| Serbia | 1.0 | 0.6 | 0.2 | 0.1 | -53.6% |
| Others | 0.7 | 0.9 | 1.0 | 0.7 | 0.0% |
| Total | 11.3 | 13.9 | 10.8 | 8.1 | -10.5% |
Top Export Markets for Poppy Seed from Hungary in 2022:
- Russia (1134.0 tons)
- United States (460.0 tons)
- Austria (313.7 tons)
- Ukraine (299.0 tons)
- Czech Republic (212.3 tons)
- Slovakia (190.7 tons)
- Romania (180.7 tons)
- Serbia (59.0 tons)
Poppy Seed Imports in Hungary
In 2022, imports of poppy seed into Hungary stood at 2.4K tons, growing by 7.3% on 2021. Over the period under review, imports, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2020 when imports increased by 39% against the previous year. As a result, imports attained the peak of 3.6K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, poppy seed imports stood at $5.5M in 2022. In general, imports, however, saw a abrupt setback.
| Import of Poppy Seed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 2,551 | 2,852 | 2,050 | 2,842 | 3.7% |
| Austria | 1,242 | 1,700 | 810 | 752 | -15.4% |
| Czech Republic | 1,186 | 661 | 206 | 607 | -20.0% |
| United Kingdom | 1,189 | 1,356 | 1,072 | 394 | -30.8% |
| Spain | 139 | 1,309 | 48.0 | 338 | 34.5% |
| France | 58.6 | 4.4 | 248 | 131 | 30.8% |
| Serbia | N/A | 56.3 | 253 | 129 | 51.4% |
| Poland | 592 | 4.6 | 1.9 | 65.4 | -52.0% |
| Others | 717 | 249 | 157 | 216 | -33.0% |
| Total | 7,675 | 8,191 | 4,846 | 5,475 | -10.6% |
Top Suppliers of Poppy Seed to Hungary in 2022:
- Slovakia (1241.4 tons)
- Czech Republic (248.6 tons)
- United Kingdom (230.0 tons)
- Austria (223.8 tons)
- Spain (192.0 tons)
- France (72.0 tons)
- Serbia (48.0 tons)
- Poland (29.3 tons)
This report provides an in-depth analysis of the poppy seed 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 296 - Poppy seed
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
- 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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The global poppy seed market was estimated at X tons in 2016, which was X% more than in the previous year.
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Global poppy seed imports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
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