Hungary: Frozen Fruit Market Overview 2020

Frozen Fruit Market Size in Hungary

The revenue of the frozen fruit market in Hungary amounted to $X in 2018, surging by X% against the previous year. In general, frozen fruit consumption continues to indicate a skyrocketing increase. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, the frozen fruit market attained its maximum level in 2018 and is likely to continue its growth in the near future.

Frozen Fruit Production in Hungary

In value terms, frozen fruit production totaled $X in 2018 estimated in export prices. Over the period under review, the total output indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, frozen fruit production increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2008 when production volume increased by X% year-to-year. Frozen fruit production peaked in 2018 and is expected to retain its growth in the immediate term.

Frozen Fruit Exports

Exports from Hungary

In 2018, approx. X tonnes of frozen fruits were exported from Hungary; falling by -X% against the previous year. Overall, frozen fruit exports continue to indicate a measured reduction. The pace of growth was the most pronounced in 2014 when exports increased by X% year-to-year. In that year, frozen fruit exports reached their peak of X tonnes. From 2015 to 2018, the growth of frozen fruit exports failed to regain its momentum.

In value terms, frozen fruit exports amounted to $X in 2018. Over the period under review, frozen fruit exports continue to indicate a pronounced deduction. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Exports peaked at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

Germany (X tonnes), Austria (X tonnes) and Poland (X tonnes) were the main destinations of frozen fruit exports from Hungary, with a combined X% share of total exports. These countries were followed by Sweden, Romania, Switzerland and Belgium, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Romania, while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Sweden ($X) and Switzerland ($X) constituted the largest markets for frozen fruit exported from Hungary worldwide, with a combined X% share of total exports. These countries were followed by Austria, Romania, Poland and Belgium, which together accounted for a further X experienced the highest rates of growth with regard to exports, in terms of the main countries of destination over the last eleven years, while the other leaders experienced mixed trend patterns.

Export Prices by Country

The average frozen fruit export price stood at $X per tonne in 2018, going up by X% against the previous year. Overall, the frozen fruit export price, however, continues to indicate a mild descent. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% against the previous year. In that year, the average export prices for frozen fruits reached their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average export prices for frozen fruits remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fruit Imports

Imports into Hungary

In 2018, approx. X tonnes of frozen fruits were imported into Hungary; going up by X% against the previous year. Over the period under review, the total imports indicated a notable expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, frozen fruit imports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Imports peaked at X tonnes in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, frozen fruit imports stood at $X in 2018. Overall, frozen fruit imports continue to indicate a remarkable expansion. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2018, imports failed to regain their momentum.

Imports by Country

Sweden (X tonnes), Serbia (X tonnes) and Germany (X tonnes) were the main suppliers of frozen fruit imports to Hungary, together comprising X% of total imports. These countries were followed by Poland, Italy, Bulgaria, China, the Netherlands, the Czech Republic, Bosnia and Herzegovina, Portugal and Turkey, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Turkey, while the other leaders experienced more modest paces of growth.

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

From 2007 to 2018, the average annual growth rate of value from Sweden totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Serbia (+X% per year).

Import Prices by Country

In 2018, the average frozen fruit import price amounted to $X per tonne, rising by X% against the previous year. Overall, the frozen fruit import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for frozen fruits attained their peak figure at $X per tonne in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Sweden ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform