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Hungary - Cherries (Sour) - Market Analysis, Forecast, Size, Trends and Insights
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Hungary: Sour Cherry Market Overview 2021

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Sour Cherry Market Size in Hungary

For the fourth year in a row, the Hungarian sour cherry market recorded growth in sales value, which increased by X% to $X in 2019. Over the period under review, the total consumption indicated prominent growth from 2012 to 2019: its value increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sour Cherry Production in Hungary

In value terms, sour cherry production soared to $X in 2019 estimated in export prices. Overall, the total production indicated a strong increase from 2012 to 2019: its value increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2016 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

In 2019, the average yield of sour cherries in Hungary expanded remarkably to X tonnes per ha, with an increase of X% against 2018. The yield figure increased at an average annual rate of +X% from 2012 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. As a result, the yield reached the peak level of X tonnes per ha. From 2015 to 2019, the growth of the average sour cherry yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sour cherry harvested area in Hungary reached X ha in 2019, almost unchanged from the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X% y-o-y. As a result, the harvested area attained the peak level of X ha. From 2014 to 2019, the growth of the sour cherry harvested area remained at a somewhat lower figure.

Sour Cherry Exports

Exports from Hungary

In 2019, approx. X tonnes of sour cherries were exported from Hungary; with a decrease of -X% on the year before. Overall, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2018 to 2019, the growth exports failed to regain the momentum.

In value terms, sour cherry exports contracted to $X in 2019. In general, exports showed a deep setback. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. From 2018 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Germany (X tonnes) was the main destination for sour cherry exports from Hungary, accounting for a X% share of total exports. Moreover, sour cherry exports to Germany exceeded the volume sent to the second major destination, Poland (X tonnes), tenfold. The third position in this ranking was occupied by Serbia (X tonnes), with a X% share.

From 2012 to 2019, the average annual rate of growth in terms of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Serbia (-X% per year).

In value terms, Germany ($X) remains the key foreign market for sour cherry exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Poland ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2019, the average annual rate of growth in terms of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-X% per year) and the Netherlands (-X% per year).

Export Prices by Country

In 2019, the average sour cherry export price amounted to $X per tonne, increasing by X% against the previous year. In general, the export price, however, continues to indicate a perceptible reduction. The export price peaked at $X per tonne in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

Sour Cherry Imports

Imports into Hungary

In 2019, approx. X tonnes of sour cherries were imported into Hungary; with an increase of X% compared with the previous year. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% year-to-year. Imports peaked in 2019 and are expected to retain growth in years to come.

In value terms, sour cherry imports skyrocketed to $X in 2019. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2019 and are likely to see steady growth in years to come.

Imports by Country

In 2019, Serbia (X tonnes) constituted the largest sour cherry supplier to Hungary, accounting for a X% share of total imports. Moreover, sour cherry imports from Serbia exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), fourfold. The third position in this ranking was occupied by Austria (X tonnes), with a X% share.

From 2012 to 2019, the average annual rate of growth in terms of volume from Serbia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Austria (+X% per year).

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

From 2012 to 2019, the average annual rate of growth in terms of value from Serbia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Poland (+X% per year).

Import Prices by Country

The average sour cherry import price stood at $X per tonne in 2019, picking up by X% against the previous year. Overall, the import price, however, recorded a abrupt decrease. The growth pace was the most rapid in 2014 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average import prices failed to regain the momentum.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Austria, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sour cherries in the world?
+
The countries with the highest volumes of sour cherry consumption in 2019 were Russia (240K tonnes), Ukraine (229K tonnes) and Poland (208K tonnes), together accounting for 43% of global consumption. Turkey, the U.S., Serbia, Iran, Hungary, Uzbekistan, Azerbaijan, Belarus and Germany lagged somewhat behind, together accounting for a further 51%.
What are the largest producers of sour cherries in the world?
+
The countries with the highest volumes of sour cherry production in 2019 were Russia (231K tonnes), Ukraine (229K tonnes) and Poland (212K tonnes), together comprising 42% of global production. Turkey, the U.S., Serbia, Iran, Hungary, Uzbekistan, Azerbaijan and Belarus lagged somewhat behind, together accounting for a further 50%.
What are the leading suppliers of sour cherries to Hungary?
+
In value terms, Serbia ($1.3M) constituted the largest supplier of sour cherry to Hungary, comprising 57% of total imports. The second position in the ranking was occupied by Germany ($381K), with a 17% share of total imports. It was followed by Poland, with a 8.4% share.
What are the leading importers of sour cherries from Hungary?
+
In value terms, Germany ($8.7M) remains the key foreign market for sour cherry exports from Hungary, comprising 79% of total exports. The second position in the ranking was occupied by Poland ($521K), with a 4.8% share of total exports. It was followed by the Netherlands, with a 3.4% share.
What is the average export price for sour cherries in Hungary?
+
The average sour cherry export price stood at $1,038 per tonne in 2019, surging by 58% against the previous year.
What is the average import price for sour cherries in Hungary?
+
In 2019, the average sour cherry import price amounted to $552 per tonne, with an increase of 11% against the previous year.

Product coverage:
• FCL 530 - Sour cherries

This report provides an in-depth analysis of the sour cherry 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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