Hungary: Malt Market 2024

Malt Market Size in Hungary

The Hungarian malt market surged to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Malt Production in Hungary

In value terms, malt production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Malt production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Malt Exports

Exports from Hungary

After two years of growth, shipments abroad of malt (not roasted) decreased by X% to X tons in 2022. In general, exports continue to indicate a pronounced slump. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, malt exports amounted to $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for malt exports from Hungary, with a X% share of total exports. Moreover, malt exports to Romania exceeded the volume sent to the second major destination, Italy (X tons), threefold. Croatia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Croatia (X% per year).

In value terms, Romania ($X) remains the key foreign market for malt (not roasted) exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Croatia, with a X% share.

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

Export Prices by Country

In 2022, the average malt export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, showed a mild setback. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Croatia ($X per ton), while the average price for exports to Slovenia ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced a decline.

Malt Imports

Imports into Hungary

In 2022, approx. X tons of malt (not roasted) were imported into Hungary; picking up by X% on the year before. Over the period under review, imports, however, saw a perceptible contraction. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, malt imports skyrocketed to $X in 2022. Overall, imports, however, showed a noticeable slump. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest supplier of malt to Hungary, accounting for a X% share of total imports. Moreover, malt imports from Slovakia exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and the Czech Republic (X% per year).

In value terms, Slovakia ($X) constituted the largest supplier of malt (not roasted) to Hungary, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovakia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The average malt import price stood at $X per ton in 2022, stabilizing at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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