Hungary - Safflower Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSafflower Seed Price in Hungary - 2023
Contents:
- Safflower Seed Price in Hungary (CIF) - 2022
- Safflower Seed Price in Hungary (FOB) - 2022
- Safflower Seed Imports in Hungary
- Safflower Seed Exports in Hungary
Safflower Seed Price in Hungary (CIF) - 2022
The average safflower seed import price stood at $715 per ton in 2022, with an increase of 44% against the previous year. Over the period under review, the import price, however, showed a mild setback. The import price peaked at $829 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Ukraine amounted to +4.4% per year.
Safflower Seed Price in Hungary (FOB) - 2022
The average safflower seed export price stood at $1,019 per ton in 2022, growing by 21% against the previous year. Over the period under review, the export price, however, showed a mild setback. The pace of growth appeared the most rapid in 2020 when the average export price increased by 85% against the previous year. Over the period under review, the average export prices hit record highs at $1,191 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($1,217 per ton) and Slovenia ($1,080 per ton), while the average price for exports to Serbia ($920 per ton) and Bulgaria ($950 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+39.6%), while the prices for the other major destinations experienced more modest paces of growth.
Safflower Seed Imports in Hungary
In 2022, overseas purchases of safflower seed decreased by -23.1% to 220 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by 67%. As a result, imports reached the peak of 616 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, safflower seed imports expanded sharply to $157K in 2022. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 60%. As a result, imports reached the peak of $301K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Safflower Seed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 161 | 298 | 130 | 157 | -0.8% |
| Others | 27.0 | 3.1 | 12.4 | N/A | -32.2% |
| Total | 188 | 301 | 142 | 157 | -5.8% |
Top Suppliers of Safflower Seed to Hungary in 2022:
- Russia (220.0 tons)
Safflower Seed Exports in Hungary
In 2022, approx. 1 tons of safflower seed were exported from Hungary; which is down by -55.3% on 2021 figures. Over the period under review, exports showed a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 1,040% against the previous year.
In value terms, safflower seed exports shrank rapidly to $1K in 2022. In general, exports showed a precipitous contraction. The growth pace was the most rapid in 2021 when exports increased by 1,212% against the previous year.
| Export of Safflower Seed in Hungary (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | N/A | N/A | 589 | 513 | -12.9% |
| Serbia | 221 | 146 | 323 | 184 | -5.9% |
| Slovenia | N/A | N/A | 386 | 108 | -72.0% |
| Romania | N/A | N/A | 157 | 73.0 | -53.5% |
| Croatia | N/A | N/A | 83.0 | 64.0 | -22.9% |
| Bulgaria | N/A | N/A | 180 | 57.0 | -68.3% |
| Slovakia | N/A | N/A | N/A | 40.0 | 0% |
| Austria | 1,592 | N/A | N/A | N/A | 0% |
| Italy | N/A | N/A | 198 | N/A | 0% |
| Georgia | 1,260 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3,073 | 146 | 1,916 | 1,039 | -30.3% |
Top Export Markets for Safflower Seed from Hungary in 2022:
- Czech Republic (500.0 kg)
- Serbia (200.0 kg)
- Slovenia (100.0 kg)
- Romania (60.0 kg)
- Croatia (60.0 kg)
- Bulgaria (60.0 kg)
- Slovakia (40.0 kg)
This report provides an in-depth analysis of the safflower seed market 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 280 - Safflower seed
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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