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

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Asparagus Market Size in Hungary

The Hungarian asparagus market declined to $X in 2019, which is down by -X% against the previous year. In general, consumption, however, continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.

Asparagus Production in Hungary

In value terms, asparagus production rose significantly to $X in 2019 estimated in export prices. Over the period under review, the total production indicated a moderate expansion from 2007 to 2019: its value 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. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, production attained the peak level of $X. From 2015 to 2019, production growth remained at a somewhat lower figure.

The average yield of asparagus in Hungary totaled X tonnes per ha in 2019, remaining constant against 2018 figures. In general, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, the average asparagus yield reached the maximum level at X tonnes per ha in 2014; however, from 2015 to 2019, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the asparagus harvested area in Hungary amounted to X ha, remaining stable against the year before. The harvested area increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to asparagus production attained the maximum in 2019 and is likely to see steady growth in the immediate term.

Asparagus Exports

Exports from Hungary

In 2019, approx. X tonnes of asparagus were exported from Hungary; picking up by X% against 2018 figures. The total export volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2012 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum in 2019 and are expected to retain growth in the immediate term.

In value terms, asparagus exports skyrocketed to $X in 2019. Over the period under review, total exports indicated a tangible expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tonnes) was the main destination for asparagus exports from Hungary, with a X% share of total exports. Moreover, asparagus exports to Germany exceeded the volume sent to the second major destination, Finland (X tonnes), twofold. Switzerland (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and Switzerland (+X% per year).

In value terms, Germany ($X), Switzerland ($X) and Finland ($X) appeared to be the largest markets for asparagus exported from Hungary worldwide, together comprising X% of total exports. These countries were followed by Sweden, Austria, the Czech Republic and the Netherlands, which together accounted for a further X the main countries of destination, the Netherlands recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average asparagus export price amounted to $X per tonne, increasing by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The export price peaked at $X per tonne in 2010; however, from 2011 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Switzerland ($X per tonne), while the average price for exports to the Netherlands ($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 the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Asparagus Imports

Imports into Hungary

In 2019, the amount of asparagus imported into Hungary reduced slightly to X tonnes, with a decrease of -X% compared with 2018 figures. In general, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2018, and then declined in the following year.

In value terms, asparagus imports amounted to $X in 2019. Over the period under review, imports, however, saw resilient growth. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, imports reached the maximum in 2019 and are likely to continue growth in the near future.

Imports by Country

In 2019, Germany (X tonnes) constituted the largest asparagus supplier to Hungary, accounting for a X% share of total imports. Moreover, asparagus imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tonnes), threefold. Belgium (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Belgium (+X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Poland (X% per year).

Import Prices by Country

In 2019, the average asparagus import price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, import price indicated a slight increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, asparagus import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked at $X per tonne in 2011; afterwards, it flattened through to 2019.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per tonne), while the price for the Czech Republic ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for asparagus in the world?
+
The country with the largest volume of asparagus consumption was China (8.2M tonnes), accounting for 87% of total volume. It was followed by the U.S. (249K tonnes), with a 2.7% share of total consumption. Peru (232K tonnes) ranked third in terms of total consumption with a 2.5% share.
What are the largest producers of asparagus in the world?
+
The country with the largest volume of asparagus production was China (8.2M tonnes), comprising approx. 87% of total volume. Moreover, asparagus production in China exceeded the figures recorded by the second-largest producer, Peru (369K tonnes), more than tenfold.
What are the leading suppliers of asparagus to Hungary?
+
In value terms, Germany ($204K) constituted the largest supplier of asparagus to Hungary, comprising 53% of total imports. The second position in the ranking was occupied by Spain ($61K), with a 16% share of total imports. It was followed by Poland, with a 14% share.
What are the leading importers of asparagus from Hungary?
+
In value terms, the largest markets for asparagus exported from Hungary were Germany ($4.3M), Switzerland ($2.9M) and Finland ($1.7M), together comprising 76% of total exports. These countries were followed by Sweden, Austria, the Czech Republic and the Netherlands, which together accounted for a further 22%.
What is the average export price for asparagus in Hungary?
+
In 2019, the average asparagus export price amounted to $3,453 per tonne, picking up by 5.2% against the previous year.
What is the average import price for asparagus in Hungary?
+
In 2019, the average asparagus import price amounted to $5,224 per tonne, growing by 3.5% against the previous year.

Product coverage:
• FCL 367 - Asparagus

This report provides an in-depth analysis of the asparagus 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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