Hungary: Asparagus Market 2025

Asparagus Market Size in Hungary

In 2022, after two years of decline, there was significant growth in the Hungarian asparagus market, when its value increased by 13% to $X. In general, consumption enjoyed a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Asparagus Production in Hungary

In value terms, asparagus production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% 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 2014 with an increase of 42% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

The average yield of asparagus in Hungary was estimated at X tons per ha in 2022, surging by 1.6% against 2021. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by 35% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2022, the growth of the average asparagus 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, approx. X ha of asparagus were harvested in Hungary; dropping by -2.4% against 2021. The harvested area increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 19%. The asparagus harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Asparagus Exports

Exports from Hungary

Asparagus exports from Hungary reduced remarkably to X tons in 2022, dropping by -22.1% on 2021 figures. Over the period under review, exports saw a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, asparagus exports dropped dramatically to $X in 2022. In general, exports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 27%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for asparagus exports from Hungary, accounting for a 48% share of total exports. Moreover, asparagus exports to Germany exceeded the volume sent to the second major destination, Switzerland (X tons), twofold. Sweden (X tons) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-2.5% per year) and Sweden (-1.0% per year).

In value terms, the largest markets for asparagus exported from Hungary were Germany ($X), Switzerland ($X) and Sweden ($X), together accounting for 81% of total exports.

Germany, with a CAGR of +3.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average asparagus export price amounted to $X per ton, declining by -15.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 20% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Slovakia ($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 Switzerland (+0.4%), while the prices for the other major destinations experienced a decline.

Asparagus Imports

Imports into Hungary

In 2022, purchases abroad of asparagus decreased by -12.9% to X tons, falling for the second consecutive year after six years of growth. Over the period under review, imports, however, showed a temperate expansion. The pace of growth was the most pronounced in 2018 when imports increased by 86% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, asparagus imports expanded rapidly to $X in 2022. In general, imports, however, showed perceptible growth. The most prominent rate of growth was recorded in 2018 when imports increased by 109%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Austria (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of asparagus imports to Hungary, with a combined 72% share of total imports. The Czech Republic, Belgium, Slovakia, the Netherlands and Spain lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +58.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of asparagus to Hungary, comprising 48% of total imports. The second position in the ranking was taken by Germany ($X), with a 23% share of total imports. It was followed by Belgium, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value from Austria amounted to +50.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.1% per year) and Belgium (+52.5% per year).

Import Prices by Country

In 2022, the average asparagus import price amounted to $X per ton, rising by 22% against the previous year. Overall, the import price recorded mild growth. The pace of growth was the most pronounced in 2021 an increase of 87%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Slovakia ($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 (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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