Hungary: Chewing Gum Market 2024

Chewing Gum Market Size in Hungary

The Hungarian chewing gum market declined sharply to $X in 2022, falling by X% against the previous year. Overall, consumption faced a dramatic setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Chewing Gum Production in Hungary

In value terms, chewing gum production amounted to $X in 2022 estimated in export price. In general, production saw a deep setback. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Chewing Gum Exports

Exports from Hungary

In 2022, overseas shipments of chewing gum increased by X% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, chewing gum exports skyrocketed to $X in 2022. In general, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Serbia (X tons) and Italy (X tons) were the main destinations of chewing gum exports from Hungary, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Poland ($X) and Slovakia ($X) were the largest markets for chewing gum exported from Hungary worldwide, together comprising X% of total exports.

Among the main countries of destination, Serbia, with a CAGR of X%, 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

The average chewing gum export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price enjoyed a measured increase. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 Serbia ($X per ton), while the average price for exports to Iraq ($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.

Chewing Gum Imports

Imports into Hungary

In 2022, after two years of growth, there was decline in overseas purchases of chewing gum, when their volume decreased by X% to X tons. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, chewing gum imports amounted to $X in 2022. In general, imports, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), North Macedonia (X tons) and Colombia (X tons) were the main suppliers of chewing gum imports to Hungary, with a combined X% share of total imports. The UK, Romania, Poland, Slovakia, the Netherlands, Cyprus, Germany, Brazil, the Czech Republic and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the UK ($X) and North Macedonia ($X) were the largest chewing gum suppliers to Hungary, together comprising X% of total imports.

Among the main suppliers, the UK, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average chewing gum import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Colombia ($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

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