Hungary: Onion And Shallot Market 2024

Onion And Shallot Market Size in Hungary

The Hungarian onion and shallot market declined to $X in 2022, waning by X% against the previous year. Overall, the total consumption indicated measured growth 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. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Onion And Shallot Production in Hungary

In value terms, onion and shallot production reduced to $X in 2022 estimated in export price. Overall, production showed a moderate increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Onion and shallot production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

In 2022, the average onion and shallot yield in Hungary rose slightly to X tons per ha, with an increase of X% compared with 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 when the yield increased by X%. The onion and shallot yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The onion and shallot harvested area in Hungary amounted to X ha in 2022, standing approx. at the previous year's figure. Over the period under review, the harvested area continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2015 to 2022, the growth of the onion and shallot harvested area failed to regain momentum.

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Onion And Shallot Exports

Exports from Hungary

In 2022, the amount of onion and shallot exported from Hungary soared to X tons, with an increase of X% compared with the previous year's figure. Over the period under review, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, onion and shallot exports soared to $X in 2022. Overall, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for onion and shallot exports from Hungary, with a X% share of total exports. Moreover, onion and shallot exports to Romania exceeded the volume sent to the second major destination, Slovenia (X tons), tenfold. The third position in this ranking was taken by Bulgaria (X tons), with a X% share.

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

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

From 2012 to 2022, the average annual rate of growth in terms 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 Bulgaria (X% per year).

Export Prices by Country

In 2022, the average onion and shallot export price amounted to $X per ton, reducing by X% against the previous year. Overall, export price indicated measured growth 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, onion and shallot export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Belgium ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Onion And Shallot Imports

Imports into Hungary

In 2022, purchases abroad of onion and shallot decreased by X% to X tons, falling for the second consecutive year after nine years of growth. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, onion and shallot imports fell to $X in 2022. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Slovakia (X tons), the Netherlands (X tons) and Austria (X tons) were the main suppliers of onion and shallot imports to Hungary, together accounting for X% of total imports. Germany, France, Spain, Serbia and Poland lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest onion and shallot suppliers to Hungary were Slovakia ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total imports. Austria, France, Spain, Serbia and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Serbia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average onion and shallot import price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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