Hungary: Walnut Market 2024

Walnut Market Size in Hungary

The Hungarian walnut market fell to $X in 2022, which is down by X% against the previous year. Over the period under review, the total consumption indicated resilient growth 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 2018 indices. Walnut consumption peaked at $X in 2021, and then fell in the following year.

Walnut Production in Hungary

In value terms, walnut production fell to $X in 2022 estimated in export price. The total output value 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 most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

In 2022, the average walnut yield in Hungary dropped slightly to X kg per ha, which is down by X% against the previous year. In general, the yield indicated a mild increase 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, walnut yield increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when the yield increased by X% against the previous year. The walnut yield peaked at X tons per ha in 2017; however, from 2018 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.

In 2022, the harvested area of walnuts in Hungary fell slightly to X ha, almost unchanged from the previous year. In general, the total harvested area indicated pronounced 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, walnut harvested area increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to walnut production reached the peak figure at X ha in 2021, and then dropped in the following year.

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Walnut Exports

Exports from Hungary

In 2022, walnut exports from Hungary soared to X tons, rising by X% on 2021. In general, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, walnut exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Slovakia (X tons) and Italy (X tons) were the main destinations of walnut exports from Hungary, with a combined X% share of total exports. Albania, Austria and Saudi Arabia 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 Austria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovakia ($X) and Albania ($X) constituted the largest markets for walnut exported from Hungary worldwide, with a combined X% share of total exports. Austria, Italy and Saudi Arabia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Austria, with a CAGR of X%, recorded the highest rates of growth with regard to 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 walnut export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2019 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Italy ($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 a decline.

Walnut Imports

Imports into Hungary

For the sixth consecutive year, Hungary recorded growth in overseas purchases of walnuts, which increased by X% to X tons in 2022. Over the period under review, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, walnut imports shrank to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Slovakia (X tons) was the main supplier of walnut to Hungary, with a X% share of total imports. It was followed by Germany (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Slovakia totaled X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from Slovakia totaled X%.

Import Prices by Country

The average walnut import price stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 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 amounted to $X per ton.

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

Source: IndexBox Platform

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