Price for Cereals; Rye, Other than Seed in Hungary - 2023
Contents:
- Price for Cereals; Rye, Other than Seed in Hungary (CIF) - 2022
- Price for Cereals; Rye, Other than Seed in Hungary (FOB) - 2023
- Imports of Cereals; Rye, Other than Seed in Hungary
- Exports of Cereals; Rye, Other than Seed in Hungary
Price for Cereals; Rye, Other than Seed in Hungary (CIF) - 2022
In 2022, the average import price for cereals; rye, other than seeds amounted to $306 per ton, increasing by 36% against the previous year. In general, the import price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2016 when the average import price increased by 213%. As a result, import price reached the peak level of $624 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($492 per ton), while the price for Ukraine ($270 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Rye, Other than Seed in Hungary (FOB) - 2023
In October 2023, the average export price for cereals; rye, other than seeds amounted to $204 per ton, dropping by -7.2% against the previous month. Overall, the export price continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in September 2023 an increase of 20% against the previous month. Over the period under review, the average export prices attained the peak figure at $367 per ton in December 2022; however, from January 2023 to October 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In October 2023, the countries with the highest prices were Serbia ($215 per ton) and Bosnia and Herzegovina ($213 per ton), while the average price for exports to Albania ($181 per ton) and Montenegro ($198 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Rye, Other than Seed in Hungary
In 2022, cereals; rye, other than seed imports into Hungary expanded to 6.5K tons, rising by 4.4% on 2021 figures. The total import volume increased at an average annual rate of +12.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 33%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, cereals; rye, other than seed imports soared to $2M in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Cereals; Rye, Other than Seed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 683 | 837 | 839 | 1,118 | 17.9% |
| Ukraine | N/A | N/A | N/A | 438 | 0% |
| Austria | 22.5 | 5.7 | 1.8 | 215 | 112.2% |
| Poland | N/A | N/A | N/A | 175 | 0% |
| Netherlands | 123 | 344 | 395 | 20.9 | -44.6% |
| Romania | N/A | N/A | 155 | N/A | 0% |
| Others | 2.3 | 3.6 | 14.0 | 21.3 | 110.0% |
| Total | 831 | 1,190 | 1,404 | 1,988 | 33.7% |
Top Suppliers of Cereals; Rye, Other than Seed to Hungary in 2022:
- Slovakia (3.7K tons)
- Ukraine (1.6K tons)
- Austria (0.6K tons)
- Poland (0.5K tons)
Exports of Cereals; Rye, Other than Seed in Hungary
After three years of growth, overseas shipments of cereals; rye, other than seeds decreased by -35.6% to 4.7K tons in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 37%. As a result, the exports reached the peak of 7.3K tons, and then declined dramatically in the following year.
In value terms, cereals; rye, other than seed exports dropped to $1.5M in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 77% against the previous year. As a result, the exports reached the peak of $1.7M, and then reduced in the following year.
| Export of Cereals; Rye, Other than Seed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 408 | 124 | 576 | 658 | 17.3% |
| Bosnia and Herzegovina | 59.7 | 37.1 | 144 | 201 | 49.9% |
| Slovenia | 29.3 | 19.1 | 27.4 | 195 | 88.1% |
| Germany | 14.7 | 30.3 | 49.2 | 125 | 104.1% |
| Croatia | N/A | N/A | 189 | 117 | -38.1% |
| Romania | 75.2 | 443 | 249 | 74.6 | -0.3% |
| Serbia | 17.2 | 151 | 37.2 | 73.1 | 62.0% |
| Italy | 54.2 | 61.6 | 262 | N/A | 119.9% |
| Others | 105 | 90.0 | 156 | 58.5 | -17.7% |
| Total | 763 | 956 | 1,691 | 1,502 | 25.3% |
Top Export Markets for Cereals; Rye, Other than Seed from Hungary in 2022:
- Austria (2164.3 tons)
- Bosnia and Herzegovina (614.4 tons)
- Slovenia (558.3 tons)
- Germany (366.6 tons)
- Croatia (322.9 tons)
- Romania (265.5 tons)
- Serbia (247.4 tons)
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