Hungary: Preserved Tomato Market 2024

Preserved Tomato Market Size in Hungary

The Hungarian preserved tomato market reduced to $X in 2023, therefore, remained relatively stable against the previous year. In general, consumption, however, recorded a strong expansion. Over the period under review, the market attained the peak level at $X in 2022, and then fell slightly in the following year.

Preserved Tomato Production in Hungary

In value terms, preserved tomato production reduced modestly to $X in 2023 estimated in export price. Overall, production recorded a noticeable slump. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2023, production growth remained at a lower figure.

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Preserved Tomato Exports

Exports from Hungary

For the third consecutive year, Hungary recorded decline in overseas shipments of preserved tomatoes, which decreased by X% to X tons in 2023. Overall, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved tomato exports contracted to $X in 2023. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Serbia (X tons), Slovakia (X tons) and Croatia (X tons) were the main destinations of preserved tomato exports from Hungary, together accounting for X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Serbia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Serbia ($X) and Croatia ($X) appeared to be the largest markets for preserved tomato exported from Hungary worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Serbia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average preserved tomato export price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Tomato Imports

Imports into Hungary

Preserved tomato imports into Hungary declined notably to X tons in 2023, reducing by X% against 2022 figures. In general, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, preserved tomato imports expanded markedly to $X in 2023. Overall, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, Italy (X tons) constituted the largest supplier of preserved tomato to Hungary, with a X% share of total imports. Moreover, preserved tomato imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

In value terms, Italy ($X) constituted the largest supplier of preserved tomatoes to Hungary, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

Import Prices by Country

The average preserved tomato import price stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2023: its price 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 2023 figures, preserved tomato import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2023, 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