Hungary: Frozen Potato Market 2024

Frozen Potato Market Size in Hungary

The Hungarian frozen potato market surged to $X in 2022, picking up by X% against the previous year. In general, consumption enjoyed a prominent increase. Frozen potato consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Frozen Potato Production in Hungary

In value terms, frozen potato production contracted significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a sharp slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Frozen Potato Exports

Exports from Hungary

In 2022, overseas shipments of frozen potatoes increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, frozen potato exports surged to $X in 2022. Overall, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Romania (X tons), Slovakia (X tons) and Austria (X tons) were the main destinations of frozen potato exports from Hungary, with a combined X% share of total exports. Serbia, Albania, Bulgaria and Croatia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) remains the key foreign market for frozen potatoes exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Romania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Austria (X% per year).

Export Prices by Country

The average frozen potato export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price 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, frozen potato export price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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

Frozen Potato Imports

Imports into Hungary

In 2022, the amount of frozen potatoes imported into Hungary expanded remarkably to X tons, surging by X% compared with the previous year. In general, total imports indicated a resilient 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 2012 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, frozen potato imports skyrocketed to $X in 2022. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of frozen potato imports to Hungary, together comprising X% of total imports.

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

In value terms, the largest frozen potato suppliers to Hungary were the Netherlands ($X), Poland ($X) and Belgium ($X), with a combined X% share of total imports.

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 frozen potato import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and the Netherlands ($X per ton), while the price for the Czech Republic ($X per ton) and Belgium ($X per ton) were 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

Frequently Asked Questions (FAQ) :