Hungary: Green Bean Market 2024

Green Bean Market Size in Hungary

In 2022, the Hungarian green bean market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption recorded a pronounced slump. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Green Bean Production in Hungary

In value terms, green bean production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of green beans in Hungary contracted to X tons per ha in 2022, which is down by X% compared with 2021 figures. Overall, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2022, the growth of the average green bean yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of green beans in Hungary shrank to X ha, waning by X% against the year before. Over the period under review, the harvested area saw a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the harvested area dedicated to green bean production attained the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

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Green Bean Exports

Exports from Hungary

Green bean exports from Hungary shrank to X tons in 2022, waning by X% on the previous year. In general, exports faced a dramatic setback. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, green bean exports contracted dramatically to $X in 2022. Overall, exports faced a drastic downturn. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Austria (X tons), Slovakia (X tons) and Romania (X kg) were the main destinations of green bean exports from Hungary.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Austria ($X) remains the key foreign market for green beans exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Slovakia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Romania (X% per year).

Export Prices by Country

The average green bean export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Green Bean Imports

Imports into Hungary

For the third consecutive year, Hungary recorded growth in purchases abroad of green beans, which increased by X% to X tons in 2022. Overall, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, green bean imports skyrocketed to $X in 2022. Over the period under review, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of green bean to Hungary, accounting for a X% share of total imports. Moreover, green bean imports from Poland exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and the Netherlands (X% per year).

In value terms, the largest green bean suppliers to Hungary were the Netherlands ($X), Poland ($X) and Slovakia ($X), with a combined X% share of total imports. Italy, Egypt, Belgium and France lagged somewhat behind, together comprising a further X%.

Egypt, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average green bean import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform