Hungary: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Hungary

In 2022, the Hungarian market for protein concentrates and flavoured or coloured sugar syrups increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Hungary

In value terms, production of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production of hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Hungary

In 2022, overseas shipments of protein concentrates and flavoured or coloured sugar syrups increased by X% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups surged to $X in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), the UK (X tons) and France (X tons) were the main destinations of exports of protein concentrates and flavoured or coloured sugar syrups from Hungary, with a combined X% share of total exports. Spain, Poland, Slovenia, the Czech Republic, Slovakia, Turkey, the United Arab Emirates, Italy, Austria and Serbia lagged somewhat behind, together accounting for 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 the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Spain ($X) constituted the largest markets for protein concentrate and flavoured or coloured sugar syrup exported from Hungary worldwide, together accounting for X% of total exports. Poland, the UK, the Czech Republic, Slovenia, Slovakia, Turkey, Italy, Austria, the United Arab Emirates and Serbia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of X%, saw 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

The average export price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the UK ($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 Slovenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Hungary

In 2022, approx. X tons of protein concentrates and flavoured or coloured sugar syrups were imported into Hungary; jumping by X% against 2021. Overall, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups rose notably to $X in 2022. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Slovakia (X tons), Serbia (X tons) and the United States (X tons) were the main suppliers of imports of protein concentrates and flavoured or coloured sugar syrups to Hungary, together accounting for X% of total imports.

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

In value terms, Slovakia ($X), Germany ($X) and Serbia ($X) were the largest protein concentrate and flavoured or coloured sugar syrup suppliers to Hungary, with a combined X% share of total imports.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2022, declining by X% against the previous year. In general, import price indicated a temperate expansion 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, import price for protein concentrates and flavoured or coloured sugar syrups decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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