Price for Vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumption in Hungary - 2023

Contents:

  1. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Hungary (CIF) - 2022
  2. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Hungary (FOB) - 2022
  3. Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Hungary
  4. Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Hungary

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Hungary (CIF) - 2022

In 2022, the average import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $6,258 per ton, surging by 96% against the previous year. In general, the import price showed prominent growth. The pace of growth was the most pronounced in 2018 an increase of 169% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($10,542 per ton), while the price for Greece ($2,142 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Hungary (FOB) - 2022

In 2021, the average export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $1,485 per ton, therefore, remained relatively stable against the previous year. In general, the export price faced a deep contraction. The pace of growth appeared the most rapid in 2019 an increase of 16%. The export price peaked at $4,341 per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Austria.

From 2012 to 2021, the rate of growth in terms of prices for the Czech Republic amounted to -3.0% per year.

Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Hungary

In 2022, the amount of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia imported into Hungary declined dramatically to 1.4 tons, which is down by -72.6% on the previous year. Overall, imports recorded a sharp descent. The smallest decline of -10% was in 2020.

In value terms, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia shrank markedly to $8.5K in 2022. In general, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of $16K, and then shrank significantly in the following year.

Import of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GermanyN/AN/A1.05.5450.0%
Italy0.30.10.61.881.7%
Greece7.1N/A6.31.2-44.7%
Spain0.60.1N/AN/A-83.3%
AustriaN/A4.33.4N/A-20.9%
FranceN/AN/A2.5N/A0%
PolandN/A6.92.0N/A-71.0%
Czech Republic4.4N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total12.511.315.88.5-12.1%

Top Suppliers of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption to Hungary in 2022:

  1. Greece (551.0 kg)
  2. Germany (522.0 kg)
  3. Italy (284.0 kg)

Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Hungary

In 2021, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia from Hungary stood at 15 tons, remaining constant against the previous year's figure. Over the period under review, exports enjoyed a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $23K in 2021. In general, exports saw significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

Export of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Hungary (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
AustriaN/AN/A22.70%
Romania2.0N/A0.1-77.6%
Slovakia2.2N/AN/A0%
Czech Republic3.8N/AN/A0%
Others2.1N/A0.2-69.1%
Total10.1N/A23.050.9%

Top Export Markets for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption from Hungary in 2022:

  1. Austria (15.5 tons)

Source: IndexBox Market Intelligence Platform

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