Price for Homogenised Composite Food Preparations in Hungary - 2023

Contents:

1. Price for Homogenised Composite Food Preparations in Hungary (FOB) - 2023
2. Price for Homogenised Composite Food Preparations in Hungary (CIF) - 2022
3. Exports of Homogenised Composite Food Preparations in Hungary
4. Imports of Homogenised Composite Food Preparations in Hungary

Price for Homogenised Composite Food Preparations in Hungary (FOB) - 2023

In April 2023, the average homogenised composite food preparations export price amounted to $3,556 per ton, surging by 2.4% against the previous month. Over the period from April 2022 to April 2023, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in January 2023 when the average export price increased by 13% against the previous month. Over the period under review, the average export prices attained the maximum in April 2023.

There were significant differences in the average prices for the major foreign markets. In April 2023, the country with the highest price was the UK ($5,218 per ton), while the average price for exports to the Czech Republic ($2,912 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Homogenised Composite Food Preparations in Hungary (CIF) - 2022

The average homogenised composite food preparations import price stood at $2,915 per ton in 2022, dropping by -7% against the previous year. Overall, the import price, however, showed mild growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 11% against the previous year. The import price peaked at $3,134 per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,915 per ton), while the price for Poland ($1,847 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced a decline.

Exports of Homogenised Composite Food Preparations in Hungary

In 2022, approx. 6.8K tons of homogenised composite food preparationses were exported from Hungary; increasing by 17% compared with the year before. The total export volume increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some 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.

In value terms, homogenised composite food preparations exports expanded markedly to $20M in 2022. The total export value increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Homogenised Composite Food Preparations from Hungary in 2022:

1. Germany (3239.2 tons)
2. Austria (634.1 tons)
3. Poland (585.5 tons)
4. Croatia (383.8 tons)
5. Slovakia (336.0 tons)
6. Bulgaria (295.9 tons)
7. Czech Republic (235.2 tons)
8. Serbia (228.3 tons)
9. United Kingdom (213.7 tons)
10. Bosnia and Herzegovina (162.8 tons)
11. Slovenia (120.0 tons)
12. Netherlands (17.2 tons)

Imports of Homogenised Composite Food Preparations in Hungary

In 2022, the amount of homogenised composite food preparationses imported into Hungary soared to 3.1K tons, with an increase of 22% against the previous year. The total import volume increased at an average annual rate of +10.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, homogenised composite food preparations imports expanded markedly to $9M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 27%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Homogenised Composite Food Preparations to Hungary in 2022:

1. Germany (2652.5 tons)
2. Czech Republic (210.2 tons)
3. Poland (115.6 tons)