Hungary: Canned Mushroom Market 2024

Canned Mushroom Market Size in Hungary

The Hungarian canned mushroom market skyrocketed to $X in 2022, growing by 23% against the previous year. Overall, consumption showed a strong expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Canned Mushroom Production in Hungary

In value terms, canned mushroom production stood at $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 110,382,600%. Canned mushroom production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Canned Mushroom Exports

Exports from Hungary

In 2022, approx. X tons of canned mushrooms were exported from Hungary; shrinking by -14.5% on 2021. In general, exports, however, posted slight growth. The pace of growth appeared the most rapid in 2013 when exports increased by 95% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, canned mushroom exports contracted to $X in 2022. Over the period under review, exports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2013 with an increase of 61% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for canned mushroom exports from Hungary, with a 81% share of total exports. Moreover, canned mushroom exports to Romania exceeded the volume sent to the second major destination, Israel (X tons), more than tenfold. Greece (X tons) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania amounted to +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+1,409,000.0% per year) and Greece (+10.1% per year).

In value terms, Romania ($X) remains the key foreign market for canned mushrooms exports from Hungary, comprising 58% of total exports. The second position in the ranking was taken by Greece ($X), with a 7.6% share of total exports. It was followed by Israel, with a 7% share.

From 2012 to 2022, the average annual growth rate of value to Romania amounted to +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+24.1% per year) and Israel (+1,134,620.0% per year).

Export Prices by Country

The average canned mushroom export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 88% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 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 the Czech Republic ($X per ton), while the average price for exports to Romania ($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 Cyprus (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Mushroom Imports

Imports into Hungary

For the third consecutive year, Hungary recorded growth in overseas purchases of canned mushrooms, which increased by 12% to X tons in 2022. Overall, imports posted resilient growth. The growth pace was the most rapid in 2017 with an increase of 49%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, canned mushroom imports rose remarkably to $X in 2022. Over the period under review, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 47%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Poland (X tons) were the main suppliers of canned mushroom imports to Hungary, together comprising 73% of total imports. Belgium, Slovakia, France and the Czech Republic lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +43.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest canned mushroom suppliers to Hungary were Poland ($X), the Netherlands ($X) and Germany ($X), with a combined 66% share of total imports. Belgium, France, Slovakia and the Czech Republic lagged somewhat behind, together accounting for a further 30%.

Among the main suppliers, Belgium, with a CAGR of +50.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average canned mushroom import price stood at $X per ton in 2022, waning by -5.1% against the previous year. Overall, the import price showed a perceptible setback. The pace of growth appeared the most rapid in 2019 when the average import price increased by 26% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 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 France ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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