Hungary: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Hungary

For the third consecutive year, the Hungarian prepared frozen vegetable market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Prepared Frozen Vegetable Production in Hungary

In value terms, prepared frozen vegetable production surged to $X in 2020 estimated in export prices. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Prepared frozen vegetable production peaked at $X in 2009; however, from 2010 to 2020, production failed to regain the momentum.

Prepared Frozen Vegetable Exports

Exports from Hungary

In 2020, shipments abroad of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons, falling for the seventh year in a row after two years of growth. Overall, exports showed a abrupt curtailment. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. As a result, exports reached the peak of X tons. from 2014 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, prepared frozen vegetable exports declined to $X in 2020. Over the period under review, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2014 to 2020, the growth exports remained at a lower figure.

Exports by Country

Austria (X tons), the UK (X tons) and Romania (X tons) were the main destinations of prepared frozen vegetable exports from Hungary, together comprising X% of total exports. Ireland, Ukraine, Slovakia and Canada lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (+X% per year), while exports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual growth rate of value to Austria stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Romania (-X% per year).

Export Prices by Country

In 2020, the average prepared frozen vegetable export price amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated slight growth from 2007 to 2020: its price 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, prepared frozen vegetable export price increased by +X% against 2017 indices. Over the period under review, average export prices hit record highs at $X per ton in 2009; afterwards, it flattened through to 2020.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ireland, while the prices for the other major destinations experienced more modest paces of growth.

Prepared Frozen Vegetable Imports

Imports into Hungary

Prepared frozen vegetable imports into Hungary expanded remarkably to X tons in 2020, surging by X% against 2019 figures. Over the period under review, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. from 2018 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, prepared frozen vegetable imports surged to $X in 2020. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2020 and are likely to continue growth in the near future.

Imports by Country

Germany (X tons), Austria (X tons) and the Netherlands (X tons) were the main suppliers of prepared frozen vegetable imports to Hungary, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and the Netherlands ($X) were the largest prepared frozen vegetable suppliers to Hungary, together comprising X% of total imports.

Austria saw the highest growth rate of 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 2020, the average prepared frozen vegetable import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Sweden ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

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Source: IndexBox Platform

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