Starches; Inulin Price in Hungary - 2023
Contents:
- Starches; Inulin Price in Hungary (FOB) - 2023
- Starches; Inulin Price in Hungary (CIF) - 2023
- Starches; Inulin Exports in Hungary
- Starches; Inulin Imports in Hungary
Starches; Inulin Price in Hungary (FOB) - 2023
In August 2023, the average starches; inulin export price amounted to $599 per ton, dropping by -3.2% against the previous month. In general, the export price showed a noticeable setback. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 6.7% m-o-m. Over the period under review, the average export prices attained the maximum at $885 per ton in January 2023; however, from February 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Croatia ($912 per ton), while the average price for exports to Serbia ($393 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Price in Hungary (CIF) - 2023
In August 2023, the average starches; inulin import price amounted to $1,597 per ton, waning by -6.2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. The pace of growth was the most pronounced in January 2023 when the average import price increased by 24% against the previous month. The import price peaked at $1,753 per ton in February 2023; however, from March 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($2,987 per ton), while the price for Serbia ($595 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Exports in Hungary
In 2022, the amount of starches; inulins exported from Hungary surged to 108K tons, increasing by 118% on the previous year. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 215%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, starches; inulin exports soared to $53M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Starches; Inulin in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 4.3 | 5.5 | 7.9 | 16.2 | 55.6% |
| Italy | 0.7 | 3.5 | 4.3 | 7.4 | 119.5% |
| Germany | 0.1 | 0.3 | 1.4 | 6.3 | 297.9% |
| Serbia | 0.1 | 0.1 | 2.1 | 4.3 | 250.3% |
| Netherlands | 0.2 | 1.8 | 0.7 | 4.1 | 173.7% |
| South Korea | 0.1 | 0.5 | 1.1 | 3.6 | 230.2% |
| Slovakia | 0.1 | 0.2 | 0.4 | 1.6 | 152.0% |
| Others | 3.1 | 6.0 | 6.9 | 9.4 | 44.7% |
| Total | 8.6 | 18.0 | 24.8 | 53.0 | 83.3% |
Top Export Markets for Starches; Inulin from Hungary in 2022:
- Poland (40.4K tons)
- Germany (18.1K tons)
- Italy (12.4K tons)
- Serbia (7.5K tons)
- Netherlands (6.0K tons)
- South Korea (5.9K tons)
- Slovakia (4.4K tons)
Starches; Inulin Imports in Hungary
In 2022, starches; inulin imports into Hungary surged to 12K tons, with an increase of 17% against 2021. In general, imports, however, recorded a relatively flat trend pattern.
In value terms, starches; inulin imports surged to $13M in 2022. The total import value increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.5 | 3.7 | 3.8 | 3.5 | -8.0% |
| Austria | 1.7 | 1.5 | 1.6 | 2.3 | 10.6% |
| Belgium | 1.2 | 1.3 | 1.8 | 1.8 | 14.5% |
| Netherlands | 0.5 | 0.8 | 1.0 | 1.1 | 30.1% |
| France | 0.7 | 0.4 | 0.5 | 1.0 | 12.6% |
| Czech Republic | 1.1 | 0.7 | 0.5 | 0.9 | -6.5% |
| Slovakia | 0.1 | 0.1 | 0.3 | 0.7 | 91.3% |
| Italy | 0.6 | 0.4 | 0.4 | 0.6 | 0.0% |
| Poland | 0.8 | 0.9 | 0.5 | 0.6 | -9.1% |
| Others | 0.5 | 0.5 | 0.8 | 0.8 | 17.0% |
| Total | 11.6 | 10.3 | 11.0 | 13.2 | 4.4% |
Top Suppliers of Starches; Inulin to Hungary in 2022:
- Germany (4.2K tons)
- Austria (1.7K tons)
- Czech Republic (1.3K tons)
- Netherlands (0.8K tons)
- Slovakia (0.8K tons)
- Poland (0.7K tons)
- Belgium (0.6K tons)
- France (0.5K tons)
- Italy (0.3K tons)
337
This report provides an in-depth analysis of the inulin market in Hungary.
541
This report provides an in-depth analysis of the maize starch market in Hungary.
308
This report provides an in-depth analysis of the potato starch market in Hungary.
379
This report provides an in-depth analysis of the wheat starch market in Hungary.
178
This report provides an in-depth analysis of the market for starch other than wheat, corn or potato in Hungary.
1782
This report provides an in-depth analysis of the global inulin market.
2134
This report provides an in-depth analysis of the global maize starch market.
1376
This report provides an in-depth analysis of the global potato starch market.
1400
This report provides an in-depth analysis of the global wheat starch market.
359
This report provides an in-depth analysis of the global market for starch other than wheat, corn or potato.
1167
In value terms, residues of starch manufacture imports amounted to $X in 2016. Overall, residues of starch manufacture imports continue to indicate a strong increase. Global residues of starch manu...
663
In value terms, residues of starch manufacture exports amounted to $X in 2016. In general, residues of starch manufacture exports continue to indicate a prominent expansion. Over the period under r...
242
Explore the top import markets for starch (excluding wheat, corn, or potato) with key statistics and import values. Discover the major players in the global starch trade.
1167
In value terms, residues of starch manufacture imports amounted to $X in 2016. Overall, residues of starch manufacture imports continue to indicate a strong increase. Global residues of starch manu...
663
In value terms, residues of starch manufacture exports amounted to $X in 2016. In general, residues of starch manufacture exports continue to indicate a prominent expansion. Over the period under r...
242
Explore the top import markets for starch (excluding wheat, corn, or potato) with key statistics and import values. Discover the major players in the global starch trade.
