Report Update Apr 1, 2024

Hungary - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Crude Groundnut Oil Market 2024

Crude Groundnut Oil Market Size in Hungary

In 2022, the Hungarian crude groundnut oil market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, saw significant growth. Crude groundnut oil consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Crude Groundnut Oil Production in Hungary

In value terms, crude groundnut oil production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X,700%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

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Crude Groundnut Oil Exports

Exports from Hungary

In 2022, the amount of crude groundnut oil exported from Hungary surged to X kg, rising by X% compared with the previous year's figure. Over the period under review, exports recorded a resilient increase. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X kg. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, crude groundnut oil exports skyrocketed to $X in 2022. In general, exports recorded a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X kg) was the main destination for crude groundnut oil exports from Hungary, with a approx. X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Romania stood at X%.

In value terms, Romania ($X) also remains the key foreign market for crude groundnut oil exports from Hungary.

From 2013 to 2022, the average annual rate of growth in terms of value to Romania stood at X%.

Export Prices by Country

The average crude groundnut oil export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Romania.

From 2013 to 2022, the rate of growth in terms of prices for Montenegro amounted to X% per year.

Crude Groundnut Oil Imports

Imports into Hungary

In 2022, imports of crude groundnut oil into Hungary plummeted to X tons, declining by X% on the year before. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, crude groundnut oil imports dropped sharply to $X in 2022. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) was the main crude groundnut oil supplier to Hungary, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at X%.

In value terms, Germany ($X) constituted the largest supplier of crude groundnut oil to Hungary.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest.

Import Prices by Country

The average crude groundnut oil import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude groundnut oil in the world?

China constituted the country with the largest volume of crude groundnut oil consumption, accounting for 37% of total volume. Moreover, crude groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, South Africa, twofold. The third position in this ranking was held by India, with a 7.4% share.

What are the largest producers of crude groundnut oil in the world?

The countries with the highest volumes of production in 2022 were China, South Africa and India, with a combined 59% share of global production. Nigeria, Myanmar, Sudan, Senegal, Brazil, Guinea, the United States and Argentina lagged somewhat behind, together comprising a further 24%.

What are the leading suppliers of crude groundnut oil to Hungary?

In value terms, Germany constituted the largest supplier of crude groundnut oil to Hungary.

What are the leading importers of crude groundnut oil from Hungary?

In value terms, Romania $13) remains the key foreign market for crude groundnut oil exports from Hungary.

What is the average export price for crude groundnut oil in Hungary?

The average crude groundnut oil export price stood at $4,333 per ton in 2022, shrinking by -60.6% against the previous year.

What is the average import price for crude groundnut oil in Hungary?

The average crude groundnut oil import price stood at $5,490 per ton in 2022, with a decrease of -5.3% against the previous year.

This report provides an in-depth analysis of the crude groundnut oil 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 2030.

Product coverage:

FCL 244 - Oil of Groundnuts

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023