Hungary: Sunflower Seed Market 2024

Sunflower Seed Market Size in Hungary

In 2022, the Hungarian sunflower seed market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, the total consumption indicated a resilient expansion 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 increased by X% against 2019 indices. Sunflower seed consumption peaked in 2022 and is likely to continue growth in the near future.

Sunflower Seed Production in Hungary

In value terms, sunflower seed production amounted 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 appeared the most rapid in 2016 when the production volume increased by X%. Sunflower seed production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

In 2022, the average yield of sunflower seed in Hungary expanded modestly to X tons per ha, growing by X% on the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the average sunflower seed yield attained the peak level at X tons per ha in 2019; however, from 2020 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.

The sunflower seed harvested area in Hungary dropped to X ha in 2022, waning by X% compared with the year before. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2018 to 2022, the growth of the sunflower seed harvested area remained at a somewhat lower figure.

Sunflower Seed Exports

Exports from Hungary

In 2022, overseas shipments of sunflower seed decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sunflower seed exports shrank slightly to $X in 2022. Over the period under review, exports showed a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Austria (X tons), the Czech Republic (X tons) and Germany (X tons) were the main destinations of sunflower seed exports from Hungary, with a combined X% share of total exports. Italy, Bulgaria, Romania, the Netherlands, Poland and Slovakia 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 Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sunflower seed exported from Hungary were the Czech Republic ($X), Austria ($X) and Germany ($X), with a combined X% share of total exports.

The Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 sunflower seed export price amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated a noticeable 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, sunflower seed export price increased by X% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Sunflower Seed Imports

Imports into Hungary

Sunflower seed imports into Hungary soared to X tons in 2022, rising by X% on the previous year's figure. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sunflower seed imports skyrocketed to $X in 2022. Overall, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Ukraine (X tons), Romania (X tons) and Croatia (X tons) were the main suppliers of sunflower seed imports to Hungary, together comprising X% of total imports.

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

In value terms, Ukraine ($X), Romania ($X) and Slovakia ($X) were the largest sunflower seed suppliers to Hungary, with a combined X% share of total imports.

In terms of the main suppliers, Ukraine, 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 sunflower seed import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price showed a slight decrease. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Austria ($X per ton) and Serbia ($X per ton), while the price for Croatia ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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