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Hungary - Almonds - Market Analysis, Forecast, Size, Trends and Insights
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Hungary: Almond Market Overview 2021

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Almond Market Size in Hungary

In 2019, the Hungarian almond market was finally on the rise to reach $X for the first time since 2015, thus ending a three-year declining trend. Over the period under review, consumption recorded a abrupt setback. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.

Almond Production in Hungary

In value terms, almond production skyrocketed to $X in 2019 estimated in export prices. In general, production showed a abrupt contraction. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2009 to 2019, production growth remained at a somewhat lower figure.

In 2019, the average almond yield in Hungary declined to X kg per ha, shrinking by -X% on 2018 figures. Over the period under review, the yield showed a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. The almond yield peaked at X kg per ha in 2007; however, from 2008 to 2019, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The almond harvested area in Hungary expanded slightly to X ha in 2019, growing by X% compared with the previous year. Over the period under review, the total harvested area indicated a pronounced expansion from 2007 to 2019: its figure increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, almond harvested area increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X% y-o-y. The almond harvested area peaked in 2019 and is expected to retain growth in years to come.

Almond Exports

Exports from Hungary

In 2019, approx. X tonnes of almonds were exported from Hungary; with a decrease of -X% against the year before. In general, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

In value terms, almond exports totaled $X in 2019. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

Exports by Country

Romania (X tonnes), Canada (X tonnes) and Croatia (X kg) were the main destinations of almond exports from Hungary.

From 2007 to 2019, the biggest increases were in Croatia (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) emerged as the key foreign market for almond exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Croatia ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Romania amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+X% per year) and Canada (X% per year).

Export Prices by Country

The average almond export price stood at $X per tonne in 2019, jumping by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Croatia ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Croatia, while the prices for the other major destinations experienced mixed trend patterns.

Almond Imports

Imports into Hungary

In 2019, approx. X tonnes of almonds were imported into Hungary; with a decrease of -X% compared with the year before. In general, imports saw a precipitous decline. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2010; however, from 2011 to 2019, imports stood at a somewhat lower figure.

In value terms, almond imports reduced remarkably to $X in 2019. Overall, imports faced a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, the Czech Republic (X tonnes) was the main almond supplier to Hungary, accounting for a X% share of total imports. Moreover, almond imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Spain (X kg), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume from the Czech Republic amounted to +X%.

In value terms, the Czech Republic ($X) constituted the largest supplier of almond to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from the Czech Republic totaled +X%.

Import Prices by Country

In 2019, the average almond import price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the import price, however, showed a moderate increase. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2016; however, from 2017 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was the Czech Republic ($X per tonne), while the price for Spain totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Czech Republic.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in the world?
+
The U.S. (1.7M tonnes) constituted the country with the largest volume of almond consumption, comprising approx. 54% of total volume. Moreover, almond consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Spain (269K tonnes), sixfold. India (162K tonnes) ranked third in terms of total consumption with a 5% share.
What are the largest producers of almonds in the world?
+
The country with the largest volume of almond production was the U.S. (1.9M tonnes), comprising approx. 60% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (272K tonnes), sevenfold. Iran (138K tonnes) ranked third in terms of total production with a 4.2% share.
What are the leading suppliers of almonds to Hungary?
+
In value terms, the Czech Republic ($11K) constituted the largest supplier of almond to Hungary, comprising 96% of total imports. The second position in the ranking was occupied by Spain ($320), with a 2.9% share of total imports.
What are the leading importers of almonds from Hungary?
+
In value terms, Romania ($11K) emerged as the key foreign market for almond exports from Hungary, comprising 64% of total exports. The second position in the ranking was occupied by Croatia ($3.3K), with a 19% share of total exports.
What is the average export price for almonds in Hungary?
+
The average almond export price stood at $5,563 per tonne in 2019, increasing by 244% against the previous year.
What is the average import price for almonds in Hungary?
+
The average almond import price stood at $7,618 per tonne in 2019, with a decrease of -15% against the previous year.

Product coverage:
• FCL 221 - Almonds

This report provides an in-depth analysis of the almond 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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