Hungary: Wheat Starch Market 2024

Wheat Starch Market Size in Hungary

The Hungarian wheat starch market dropped rapidly to $X in 2022, declining by X% against the previous year. Overall, consumption continues to indicate a drastic downturn. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Wheat Starch Production in Hungary

In value terms, wheat starch production surged to $X in 2022 estimated in export price. Overall, production showed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Wheat Starch Exports

Exports from Hungary

In 2022, overseas shipments of wheat starch increased by X% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, wheat starch exports surged to $X in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Poland (X tons), Germany (X tons) and Austria (X tons) were the main destinations of wheat starch exports from Hungary, with a combined X% share of total exports.

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

In value terms, the largest markets for wheat starch exported from Hungary were Poland ($X), Germany ($X) and Serbia ($X), together accounting for X% of total exports. South Korea, Austria, Finland, the Netherlands, Greece and Malaysia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, South Korea, 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

The average wheat starch export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

Wheat Starch Imports

Imports into Hungary

In 2022, purchases abroad of wheat starch decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, wheat starch imports reached $X in 2022. Over the period under review, imports saw a abrupt setback. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of wheat starch to Hungary, with a X% share of total imports. Moreover, wheat starch imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was taken by Austria (X tons), with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of wheat starch to Hungary, comprising X% of total imports. The second position in the ranking was taken by Belgium ($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 Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Austria (X% per year).

Import Prices by Country

In 2022, the average wheat starch import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 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 countries with the highest prices were France ($X per ton) and Germany ($X per ton), while the price for Austria ($X per ton) and Belgium ($X per ton) were 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 a decline.

Source: IndexBox Platform

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