Hungary: Market for Coffee (Decaffeinated or Roasted) 2024

Market Size for Coffee (Decaffeinated or Roasted) in Hungary

In 2022, the Hungarian decaffeinated or roasted coffee market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption showed buoyant growth. Decaffeinated or roasted coffee consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Coffee (Decaffeinated or Roasted) in Hungary

In value terms, decaffeinated or roasted coffee production skyrocketed to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Coffee (Decaffeinated or Roasted)

Exports from Hungary

In 2022, overseas shipments of coffee (decaffeinated or roasted) increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a deep setback. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, decaffeinated or roasted coffee exports surged to $X in 2022. In general, exports, however, saw a abrupt decrease. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons), Slovakia (X tons) and Germany (X tons) were the main destinations of decaffeinated or roasted coffee exports from Hungary, with a combined X% share of total exports. The Czech Republic, Poland, Serbia, Lithuania and Ukraine lagged somewhat behind, together comprising a further X%.

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, Romania ($X), Slovakia ($X) and the Czech Republic ($X) appeared to be the largest markets for decaffeinated or roasted coffee exported from Hungary worldwide, together accounting for X% of total exports. Germany, Poland, Serbia, Ukraine and Lithuania lagged somewhat behind, together comprising a further X%.

Serbia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average decaffeinated or roasted coffee export price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Germany ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coffee (Decaffeinated or Roasted)

Imports into Hungary

In 2022, purchases abroad of coffee (decaffeinated or roasted) increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; afterwards, it flattened through to 2022.

In value terms, decaffeinated or roasted coffee imports skyrocketed to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value 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 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest decaffeinated or roasted coffee supplier to Hungary, accounting for a X% share of total imports. Moreover, decaffeinated or roasted coffee imports from Slovakia exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Poland (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 Slovakia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

In value terms, the largest decaffeinated or roasted coffee suppliers to Hungary were Slovakia ($X), Germany ($X) and Poland ($X), together comprising X% of total imports. Italy, Austria, France, Bulgaria and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Bulgaria, with a CAGR of X%, recorded 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

The average decaffeinated or roasted coffee import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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