Hungary: Spinach Market 2024

Spinach Market Size in Hungary

The Hungarian spinach market expanded notably to $X in 2022, picking up by X% against the previous year. In general, consumption posted a pronounced expansion. Spinach consumption peaked in 2022 and is expected to retain growth in the immediate term.

Spinach Production in Hungary

In value terms, spinach production rose markedly to $X in 2022 estimated in export price. In general, production enjoyed a notable expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Spinach production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average spinach yield in Hungary rose sharply to X tons per ha, with an increase of X% on the previous year. Overall, the yield indicated temperate 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, spinach yield increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the yield increased by X%. Over the period under review, the average spinach yield hit record highs in 2022 and is likely to see gradual growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of spinach production in Hungary fell to X ha, with a decrease of X% compared with the year before. The harvested area 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 pace of growth appeared the most rapid in 2018 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to spinach production reached the maximum at X ha in 2021, and then shrank in the following year.

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Spinach Exports

Exports from Hungary

Spinach exports from Hungary surged to X tons in 2022, increasing by X% on the year before. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, spinach exports expanded markedly to $X in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Romania (X tons) was the main destination for spinach exports from Hungary, with a X% share of total exports. Moreover, spinach exports to Romania exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold. Slovakia (X tons) ranked third in terms of total exports 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: the Czech Republic (X% per year) and Slovakia (X% per year).

In value terms, the largest markets for spinach exported from Hungary were Romania ($X), the Czech Republic ($X) and Slovakia ($X), together accounting for X% of total exports. Serbia and Poland lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X.4%, recorded 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

In 2022, the average spinach export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

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

Spinach Imports

Imports into Hungary

In 2022, approx. X tons of spinach were imported into Hungary; growing by X% compared with the previous year. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, spinach imports skyrocketed to $X in 2022. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Spain (X tons) constituted the largest spinach supplier to Hungary, accounting for a X% share of total imports. Moreover, spinach imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was taken by Slovakia (X tons), with a X% share.

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

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

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

Import Prices by Country

In 2022, the average spinach import price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform