Price for Frozen Concentrated Orange Juice in Hungary - 2023
Contents:
- Price for Frozen Concentrated Orange Juice in Hungary (CIF) - 2023
- Price for Frozen Concentrated Orange Juice in Hungary (FOB) - 2022
- Imports of Frozen Concentrated Orange Juice in Hungary
- Exports of Frozen Concentrated Orange Juice in Hungary
Price for Frozen Concentrated Orange Juice in Hungary (CIF) - 2023
In May 2023, the average frozen concentrated orange juice import price amounted to $2,802 per ton, with a decrease of -20% against the previous month. Overall, import price indicated a mild expansion from May 2022 to May 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, frozen concentrated orange juice import price decreased by -24.8% against February 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 54% m-o-m. As a result, import price attained the peak level of $3,728 per ton. From March 2023 to May 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 May 2023, the country with the highest price was France ($3,242 per ton), while the price for Austria amounted to $1,783 per ton.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by France (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Concentrated Orange Juice in Hungary (FOB) - 2022
The average frozen concentrated orange juice export price stood at $763 per ton in 2022, shrinking by -77.4% against the previous year. In general, the export price, however, showed a prominent increase. The growth pace was the most rapid in 2020 when the average export price increased by 802% against the previous year. The export price peaked at $3,930 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($1,604 per ton), while the average price for exports to Romania stood at $367 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+0.1%).
Imports of Frozen Concentrated Orange Juice in Hungary
In 2022, purchases abroad of frozen concentrated orange juice was finally on the rise to reach 1.1K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a drastic downturn.
In value terms, frozen concentrated orange juice imports expanded to $2.6M in 2022. Overall, imports, however, showed a abrupt setback.
| Import of Frozen Concentrated Orange Juice in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3,465 | 2,018 | 1,887 | 1,737 | -20.6% |
| Austria | 11.2 | 315 | 487 | 281 | 192.7% |
| Greece | N/A | N/A | N/A | 239 | 0% |
| Netherlands | 0.9 | N/A | 113 | 196 | 501.6% |
| Ireland | N/A | N/A | N/A | 81.2 | 0% |
| Czech Republic | N/A | N/A | 19.7 | 28.4 | 44.2% |
| United Kingdom | 33.0 | 64.0 | 7.8 | 10.8 | -31.1% |
| Poland | 32.2 | N/A | N/A | N/A | 0% |
| Others | 97.6 | 96.9 | 7.1 | 4.3 | -64.7% |
| Total | 3,640 | 2,493 | 2,522 | 2,578 | -10.9% |
Top Suppliers of Frozen Concentrated Orange Juice to Hungary in 2022:
- France (726.3 tons)
- Austria (131.4 tons)
- Greece (94.1 tons)
- Netherlands (86.5 tons)
- Ireland (43.0 tons)
- United Kingdom (35.5 tons)
- Czech Republic (21.2 tons)
Exports of Frozen Concentrated Orange Juice in Hungary
Frozen concentrated orange juice exports from Hungary shrank dramatically to 811 kg in 2022, reducing by -68.8% on the previous year. Over the period under review, exports faced a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 89% against the previous year.
In value terms, frozen concentrated orange juice exports fell sharply to $619 in 2022. Overall, exports faced a dramatic decrease. The pace of growth was the most pronounced in 2021 when exports increased by 131%. As a result, the exports reached the peak of $8.8K, and then declined markedly in the following year.
| Export of Frozen Concentrated Orange Juice in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 0.5 | N/A | 0.4 | -10.6% |
| Romania | 2.4 | N/A | 0.1 | 0.2 | -56.3% |
| Norway | N/A | 3.1 | N/A | N/A | 0% |
| Austria | 3.1 | N/A | N/A | N/A | 0% |
| France | N/A | N/A | 8.6 | N/A | 0% |
| Others | 0.1 | 0.2 | 0.1 | N/A | 0.0% |
| Total | 5.6 | 3.8 | 8.8 | 0.6 | -52.5% |
Top Export Markets for Frozen Concentrated Orange Juice from Hungary in 2022:
- Romania (551.0 kg)
- Germany (260.0 kg)
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