Hungary: Tomato Juice Market 2024

Tomato Juice Market Size in Hungary

The Hungarian tomato juice market shrank dramatically to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a perceptible decrease. Tomato juice consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Tomato Juice Production in Hungary

In value terms, tomato juice production rose sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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Tomato Juice Exports

Exports from Hungary

In 2022, tomato juice exports from Hungary surged to X tons, increasing by X% on the year before. In general, exports, however, showed a mild descent. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, tomato juice exports rose sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Romania (X tons), Poland (X tons) and Lithuania (X tons) were the main destinations of tomato juice exports from Hungary, with a combined X% share of total exports. Slovakia, Israel, Croatia, Slovenia, Russia, the Czech Republic, Bulgaria and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, Romania ($X) remains the key foreign market for tomato juice exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Lithuania (X% per year).

Export Prices by Country

The average tomato juice export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price saw a slight slump. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

Tomato Juice Imports

Imports into Hungary

In 2022, supplies from abroad of tomato juice decreased by X% to X tons, falling for the second year in a row after five years of growth. Over the period under review, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tomato juice imports shrank to $X in 2022. In general, imports showed a noticeable curtailment. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Poland (X tons) was the main tomato juice supplier to Hungary, accounting for a X% share of total imports. It was followed by Germany (X tons), with a X% share of total imports. Austria (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Austria (X% per year).

In value terms, Poland ($X) constituted the largest supplier of tomato juice to Hungary, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Austria (X% per year).

Import Prices by Country

In 2022, the average tomato juice import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, saw a perceptible descent. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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