Hungary: Ice Cream Market Overview 2020

Ice Cream Market Size in Hungary

The revenue of the ice cream market in Hungary amounted to $X in 2018, remaining constant against the previous year. In general, ice cream consumption continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Over the period under review, the ice cream market reached its maximum level at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Ice Cream Production in Hungary

In value terms, ice cream production stood at $X in 2018 estimated in export prices. Overall, ice cream production, however, continues to indicate a deep descent. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, ice cream production attained its maximum level at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Ice Cream Exports

Exports from Hungary

Ice cream exports from Hungary stood at X tonnes in 2018, shrinking by -X% against the previous year. Overall, the total exports indicated resilient growth from 2007 to 2018: its volume 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, ice cream exports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Over the period under review, ice cream exports reached their peak figure at X tonnes in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, ice cream exports totaled $X in 2018. In general, the total exports indicated a buoyant expansion from 2007 to 2018: its value 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, ice cream exports increased by +X% against 2015 indices. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

Germany (X tonnes) was the main destination for ice cream exports from Hungary, accounting for a X% share of total exports. Moreover, ice cream exports to Germany exceeded the volume sent to the second major destination, Spain (X tonnes), twofold. The third position in this ranking was occupied by Poland (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Poland (-X% per year).

In value terms, Germany ($X) remains the key foreign market for ice cream exports from Hungary, comprising X% of total ice cream exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and France (+X% per year).

Export Prices by Country

The average ice cream export price stood at $X per tonne in 2018, shrinking by -X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. In that year, the average export prices for ice cream attained their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average export prices for ice cream remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Italy ($X per tonne), while the average price for exports to the Czech Republic ($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 the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Ice Cream Imports

Imports into Hungary

Ice cream imports into Hungary amounted to X tonnes in 2018, going up by X% against the previous year. In general, the total imports indicated resilient growth from 2007 to 2018: its volume 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, ice cream imports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, ice cream imports stood at $X in 2018. Over the period under review, the total imports indicated a remarkable expansion from 2007 to 2018: its value 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, ice cream imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Imports peaked at $X in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tonnes), Poland (X tonnes) and the UK (X tonnes) were the main suppliers of ice cream imports to Hungary, with a combined X% share of total imports. These countries were followed by Belgium, Italy, France, Portugal, the Czech Republic, Slovenia, Spain and Slovakia, 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 Slovenia, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Italy ($X) appeared to be the largest ice cream suppliers to Hungary, with a combined X% share of total imports. Belgium, the Czech Republic, the UK, France, Portugal, Slovenia, Spain and Slovakia lagged somewhat behind, together accounting for a further X the main suppliers, Slovenia experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average ice cream import price amounted to $X per tonne, rising by X% against the previous year. In general, the ice cream import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. In that year, the average import prices for ice cream reached their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average import prices for ice cream remained at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform