Hungary: Frozen Fruit Market Overview 2021

Frozen Fruit Market Size in Hungary

After two years of growth, the Hungarian frozen fruit market decreased by -X% to $X in 2020. In general, consumption continues to indicate significant growth. The pace of growth appeared the most rapid in 2008 when the market value increased by X% y-o-y. Frozen fruit consumption peaked at $X in 2019, and then declined modestly in the following year.

Frozen Fruit Production in Hungary

In value terms, frozen fruit production rose rapidly to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a prominent increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Frozen Fruit Exports

Exports from Hungary

In 2020, overseas shipments of frozen fruits were finally on the rise to reach X tonnes after two years of decline. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X tonnes in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, frozen fruit exports skyrocketed to $X in 2020. Over the period under review, total exports indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tonnes), Austria (X tonnes) and Germany (X tonnes) were the main destinations of frozen fruit exports from Hungary, together comprising X% of total exports. These countries were followed by Switzerland, Romania, Poland and Belgium, which together accounted for a further X 2007 to 2020, the biggest increases were in Romania, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen fruit exported from Hungary were Sweden ($X), Austria ($X) and Switzerland ($X), together comprising X% of total exports. These countries were followed by Germany, Romania, Belgium and Poland, which together accounted for a further X recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2020, the average frozen fruit export price amounted to $X per tonne, rising by X% against the previous year. Overall, export price indicated a mild expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen fruit export price increased by +X% against 2015 indices. The export price peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Switzerland ($X per tonne), while the average price for exports to Romania ($X per tonne) was amongst the lowest.

From 2007 to 2020, 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

For the third year in a row, Hungary recorded growth in purchases abroad of frozen fruits, which increased by X% to X tonnes in 2020. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in years to come.

In value terms, frozen fruit imports skyrocketed to $X in 2020. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2020 and are likely to see steady growth in the immediate term.

Imports by Country

Sweden (X tonnes), Serbia (X tonnes) and Poland (X tonnes) were the main suppliers of frozen fruit imports to Hungary, together comprising X% of total imports. These countries were followed by Germany, the Netherlands, Bulgaria, Slovakia, Spain, Egypt, the Czech Republic, Italy, China and Ukraine, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fruit suppliers to Hungary were Sweden ($X), Germany ($X) and Poland ($X), together comprising X% of total imports. These countries were followed by Serbia, the Netherlands, Bulgaria, Slovakia, Italy, Ukraine, the Czech Republic, Spain, Egypt and China, which together accounted for a further X terms of the main suppliers, Spain (+X% per year) recorded the highest growth rate of 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 2020, the average frozen fruit import price amounted to $X per tonne, growing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The import price peaked at $X per tonne in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Ukraine ($X per tonne), while the price for Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Slovakia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen fruits in the world?

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The countries with the highest volumes of frozen fruit consumption in 2020 were China (2.6M tonnes), the U.S. (1.8M tonnes) and India (1M tonnes), with a combined 35% share of global consumption. Japan, Pakistan, Indonesia, Bangladesh, Mexico, Germany, Ethiopia and Nigeria lagged somewhat behind, together comprising a further 21%.

What are the largest producers of frozen fruits in the world?

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The countries with the highest volumes of frozen fruit production in 2020 were China (2.7M tonnes), the U.S. (1.4M tonnes) and India (1M tonnes), with a combined 32% share of global production. Japan, Mexico, Pakistan, Indonesia, Bangladesh, Poland, Ethiopia, Nigeria, Canada and Egypt lagged somewhat behind, together accounting for a further 25%.

What are the leading suppliers of frozen fruits to Hungary?

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In value terms, Sweden ($5.1M), Germany ($4.2M) and Poland ($4.1M) constituted the largest frozen fruit suppliers to Hungary, together comprising 47% of total imports. These countries were followed by Serbia, the Netherlands, Bulgaria, Slovakia, Italy, Ukraine, the Czech Republic, Spain, Egypt and China, which together accounted for a further 46%.

What are the leading importers of frozen fruits from Hungary?

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In value terms, the largest markets for frozen fruit exported from Hungary were Sweden ($12M), Austria ($6.8M) and Switzerland ($3.9M), together comprising 65% of total exports. These countries were followed by Germany, Romania, Belgium and Poland, which together accounted for a further 22%.

What is the average export price for frozen fruits in Hungary?

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The average frozen fruit export price stood at $2,295 per tonne in 2020, increasing by 38% against the previous year.

What is the average import price for frozen fruits in Hungary?

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In 2020, the average frozen fruit import price amounted to $1,973 per tonne, picking up by 8.3% against the previous year.