Hungary: Nuts Market 2024

Nuts Market Size in Hungary

In 2022, after three years of growth, there was significant decline in the Hungarian nuts market, when its value decreased by X% to $X. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value 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. Nuts consumption peaked at $X in 2021, and then reduced in the following year.

Nuts Production in Hungary

In value terms, nuts production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

In 2022, the average yield of nuts in Hungary dropped to X kg per ha, which is down by X% on the previous year's figure. Over the period under review, the yield indicated slight growth from 2012 to 2022: its figure 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, nuts yield increased by X% against 2020 indices. The growth pace was the most rapid in 2015 when the yield increased by X% against the previous year. Over the period under review, the average nuts yield reached the peak level at X tons per ha in 2017; however, from 2018 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the nuts harvested area in Hungary shrank slightly to X ha, remaining relatively unchanged against the previous year's figure. In general, the total harvested area indicated a moderate expansion from 2012 to 2022: its figure 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, nuts harvested area increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to nuts production attained the peak figure at X ha in 2021, and then shrank slightly in the following year.

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Nuts Exports

Exports from Hungary

In 2022, the amount of nuts exported from Hungary soared to X tons, jumping by X% on 2021. Over the period under review, exports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, nuts exports expanded slightly to $X in 2022. In general, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Slovakia (X tons) and Italy (X tons) were the main destinations of nuts exports from Hungary, with a combined X% share of total exports. Albania, Austria, Saudi Arabia and the Czech Republic lagged somewhat behind, together comprising 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 Austria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nuts exported from Hungary were Germany ($X), Slovakia ($X) and Albania ($X), with a combined X% share of total exports. Austria, Italy, Saudi Arabia and the Czech Republic lagged somewhat behind, together comprising a further X%.

Austria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

The average nuts export price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X,000 per ton), while the average price for exports to Italy ($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 the Czech Republic (X%), while the prices for the other major destinations experienced a decline.

Nuts Imports

Imports into Hungary

In 2022, approx. X tons of nuts were imported into Hungary; picking up by X% against the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, nuts imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Albania (X tons), Germany (X tons) and North Macedonia (X tons) were the main suppliers of nuts imports to Hungary, with a combined X% share of total imports. Bosnia and Herzegovina, Slovakia, the United States, Italy and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of nuts to Hungary, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by North Macedonia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and North Macedonia (X% per year).

Import Prices by Country

In 2022, the average nuts import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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