Hungary: Tea Market 2024

Tea Market Size in Hungary

In 2022, the Hungarian tea market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, saw a significant expansion. Tea consumption peaked at $X in 2021, and then fell slightly in the following year.

Tea Production in Hungary

In value terms, tea production dropped remarkably to $X in 2022 estimated in export price. Overall, production showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average tea yield in Hungary stood at less than X kg per ha, leveling off at 2021 figures. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of tea were harvested in Hungary; flattening at the previous year. In general, the harvested area saw a relatively flat trend pattern.

Tea Exports

Exports from Hungary

For the tenth consecutive year, Hungary recorded decline in shipments abroad of tea, which decreased by X% to X tons in 2022. In general, exports faced a precipitous setback. The smallest decline of X% was in 2019. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tea exports shrank to $X in 2022. Over the period under review, exports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2021 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

The Czech Republic (X tons), Slovakia (X tons) and Serbia (X tons) were the main destinations of tea exports from Hungary, together accounting for X% of total exports. Romania, Croatia, Italy, Bosnia and Herzegovina, Slovenia, Austria, Albania, North Macedonia, Bulgaria and Kosovo lagged somewhat behind, together accounting for a further X%.

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

In value terms, the Czech Republic ($X), Slovakia ($X) and Romania ($X) constituted the largest markets for tea exported from Hungary worldwide, with a combined X% share of total exports. Serbia, Croatia, Italy, Slovenia, Bosnia and Herzegovina, Albania, Bulgaria, Austria, North Macedonia and Kosovo lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, North Macedonia, 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

In 2022, the average tea export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated temperate 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, tea export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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

Tea Imports

Imports into Hungary

Tea imports into Hungary shrank modestly to X tons in 2022, with a decrease of X% compared with the year before. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, tea imports shrank to $X in 2022. In general, imports, however, recorded a mild expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of tea imports to Hungary, together comprising X% of total imports. Austria, Sri Lanka, the Czech Republic and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, the Netherlands ($X), Poland ($X) and Germany ($X) constituted the largest tea suppliers to Hungary, with a combined X% share of total imports. Sri Lanka, Austria, the Czech Republic and the UK lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Sri Lanka, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average tea import price amounted to $X per ton, remaining stable against the previous year. Overall, import price indicated a strong increase 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, tea import price increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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