Hungary - Buttermilk And Buttermilk Powder - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Buttermilk and Buttermilk Powder in Hungary - 2023
Contents:
- Price for Buttermilk and Buttermilk Powder in Hungary (CIF) - 2023
- Price for Buttermilk and Buttermilk Powder in Hungary (FOB) - 2023
- Imports of Buttermilk and Buttermilk Powder in Hungary
- Exports of Buttermilk and Buttermilk Powder in Hungary
Price for Buttermilk and Buttermilk Powder in Hungary (CIF) - 2023
In July 2023, the average buttermilk and buttermilk powder import price amounted to $1,696 per ton, remaining stable against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +3.4%. The growth pace was the most rapid in December 2022 when the average import price increased by 12% m-o-m. The import price peaked at $1,836 per ton in April 2023; however, from May 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($1,938 per ton), while the price for Slovakia ($1,201 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Austria (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Buttermilk and Buttermilk Powder in Hungary (FOB) - 2023
The average buttermilk and buttermilk powder export price stood at $2,412 per ton in August 2023, shrinking by -2.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 16% against the previous month. Over the period under review, the average export prices reached the maximum at $2,994 per ton in May 2023; however, from June 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Slovakia ($2,983 per ton), while the average price for exports to Croatia ($1,509 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 Croatia (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Buttermilk and Buttermilk Powder in Hungary
After three years of growth, purchases abroad of buttermilk and buttermilk powder decreased by -10.1% to 24K tons in 2022. The total import volume increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year.
In value terms, buttermilk and buttermilk powder imports reduced to $31M in 2022. The total import value increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 20%.
| Import of Buttermilk and Buttermilk Powder in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 10.2 | 12.5 | 14.1 | 16.1 | 16.4% |
| Germany | 12.1 | 12.1 | 11.9 | 11.5 | -1.7% |
| Austria | 0.4 | 0.7 | 1.1 | 1.4 | 51.8% |
| Romania | N/A | N/A | N/A | 0.5 | 0% |
| Slovakia | 0.4 | 0.4 | 0.6 | 0.5 | 7.7% |
| Belgium | 1.4 | 3.8 | 5.3 | N/A | 94.6% |
| Others | 0.4 | 0.4 | 0.4 | 0.7 | 20.5% |
| Total | 24.9 | 29.9 | 33.3 | 30.7 | 7.2% |
Top Suppliers of Buttermilk and Buttermilk Powder to Hungary in 2022:
- Belgium (undefinedK tons)
- Poland (13.2K tons)
- Germany (8.4K tons)
- Austria (1.1K tons)
- Romania (0.7K tons)
- Slovakia (0.5K tons)
Exports of Buttermilk and Buttermilk Powder in Hungary
In 2022, shipments abroad of buttermilk and buttermilk powder was finally on the rise to reach 8.9K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a perceptible decrease.
In value terms, buttermilk and buttermilk powder exports surged to $18M in 2022. The total export value increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Buttermilk and Buttermilk Powder in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 15.4 | 15.5 | 12.8 | 17.3 | 4.0% |
| Slovakia | 0.5 | 0.5 | 0.5 | 0.5 | 0.0% |
| Croatia | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Serbia | 0.2 | 0.4 | 0.3 | 0.2 | 0.0% |
| Others | 0.3 | 0.3 | 0.3 | 0.1 | -30.7% |
| Total | 16.8 | 16.8 | 14.2 | 18.4 | 3.1% |
Top Export Markets for Buttermilk and Buttermilk Powder from Hungary in 2022:
- Romania (8.3K tons)
- Croatia (0.3K tons)
- Slovakia (0.2K tons)
- Serbia (0.1K tons)
This report provides an in-depth analysis of the market for buttermilk and buttermilk powder 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 893 - Buttermilk, Curdled Milk, Acidified Milk
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
- 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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