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Hungary - Walnuts - Market Analysis, Forecast, Size, Trends and Insights
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Hungary: Walnut Market Overview 2021

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Walnut Market Size in Hungary

The Hungarian walnut market skyrocketed to $X in 2019, surging by X% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2017 indices. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Walnut Production in Hungary

In value terms, walnut production soared to $X in 2019 estimated in export prices. Over the period under review, the total production indicated a prominent expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Walnut production peaked at $X in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.

In 2019, the average yield of walnuts in Hungary was estimated at X tonnes per ha, picking up by X% against 2018 figures. Over the period under review, the yield, however, recorded a mild decrease. The pace of growth was the most pronounced in 2015 when the yield increased by X% year-to-year. The walnut yield peaked at X tonnes per ha in 2008; however, from 2009 to 2019, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the harvested area of walnuts in Hungary expanded markedly to X ha, picking up by X% on the year before. Overall, the total harvested area indicated a buoyant increase from 2007 to 2019: its figure increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, walnut harvested area increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The walnut harvested area peaked in 2019 and is likely to see gradual growth in years to come.

Walnut Exports

Exports from Hungary

In 2019, the amount of walnuts exported from Hungary rose sharply to X tonnes, surging by X% compared with 2018. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

In value terms, walnut exports soared to $X in 2019. In general, exports recorded strong growth. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked at $X in 2014; however, from 2015 to 2019, exports remained at a lower figure.

Exports by Country

Germany (X tonnes) was the main destination for walnut exports from Hungary, accounting for a X% share of total exports. Moreover, walnut exports to Germany exceeded the volume sent to the second major destination, Italy (X tonnes), twofold. The third position in this ranking was occupied by Slovakia (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Slovakia (+X% per year).

In value terms, Germany ($X) remains the key foreign market for walnut exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Slovakia (+X% per year).

Export Prices by Country

In 2019, the average walnut export price amounted to $X per tonne, picking up by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Germany ($X per tonne), while the average price for exports to Romania ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced mixed trend patterns.

Walnut Imports

Imports into Hungary

In 2019, purchases abroad of walnuts decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Overall, imports showed a significant contraction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, walnut imports declined significantly to $X in 2019. Over the period under review, imports faced a dramatic decline. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Slovakia (X tonnes) was the main supplier of walnut to Hungary, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from Slovakia totaled +X%.

In value terms, Slovakia ($X) constituted the largest supplier of walnut to Hungary.

From 2007 to 2019, the average annual rate of growth in terms of value from Slovakia amounted to +X%.

Import Prices by Country

The average walnut import price stood at $X per tonne in 2019, jumping by X% against the previous year. In general, the import price recorded slight growth. The pace of growth was the most pronounced in 2016 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2017 to 2019, the growth in terms of the average import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for Slovakia.

From 2007 to 2019, the rate of growth in terms of prices for Slovakia amounted to +X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for walnuts in the world?
+
China (2.5M tonnes) remains the largest walnut consuming country worldwide, comprising approx. 56% of total volume. Moreover, walnut consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (469K tonnes), fivefold. The third position in this ranking was occupied by Iran (338K tonnes), with a 7.4% share.
What are the largest producers of walnuts in the world?
+
China (2.5M tonnes) remains the largest walnut producing country worldwide, comprising approx. 55% of total volume. Moreover, walnut production in China exceeded the figures recorded by the second-largest producer, the U.S. (592K tonnes), fourfold. Iran (321K tonnes) ranked third in terms of total production with a 7% share.
What are the leading suppliers of walnuts to Hungary?
+
In value terms, Slovakia ($28K) constituted the largest supplier of walnut to Hungary.
What are the leading importers of walnuts from Hungary?
+
In value terms, Germany ($2.6M) remains the key foreign market for walnut exports from Hungary, comprising 62% of total exports. The second position in the ranking was occupied by Italy ($1.1M), with a 26% share of total exports. It was followed by Slovakia, with a 7.8% share.
What is the average export price for walnuts in Hungary?
+
In 2019, the average walnut export price amounted to $2,976 per tonne, growing by 8.5% against the previous year.
What is the average import price for walnuts in Hungary?
+
The average walnut import price stood at $2,971 per tonne in 2019, picking up by 24% against the previous year.

Product coverage:
• FCL 222 - Walnuts

This report provides an in-depth analysis of the walnut market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Hungary

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hungary
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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