Hungary: Active Yeast Market 2024

Active Yeast Market Size in Hungary

The Hungarian active yeast market totaled $X in 2022, almost unchanged from the previous year. In general, consumption recorded noticeable growth. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Active Yeast Production in Hungary

In value terms, active yeast production fell significantly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then fell markedly in the following year.

Active Yeast Exports

Exports from Hungary

In 2022, the amount of bakers and active yeast exported from Hungary reduced to X tons, waning by X% on 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, active yeast exports surged to $X in 2022. Overall, total exports indicated a tangible expansion 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, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Romania (X tons), Austria (X tons) and Serbia (X tons) were the main destinations of active yeast exports from Hungary, with a combined X% share of total exports. The Czech Republic, Slovakia, Croatia, Slovenia, Bulgaria, Argentina, Mexico, Brazil and Moldova lagged somewhat behind, together comprising a further X%.

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

In value terms, Romania ($X), Austria ($X) and Serbia ($X) constituted the largest markets for active yeast exported from Hungary worldwide, with a combined X% share of total exports. The Czech Republic, Slovakia, Slovenia, Argentina, Mexico, Brazil, Croatia, Bulgaria and Moldova lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average active yeast export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price 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, active yeast export price increased by X% against 2015 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Active Yeast Imports

Imports into Hungary

In 2022, after two years of growth, there was decline in purchases abroad of bakers and active yeast, when their volume decreased by X% to X tons. Over the period under review, imports recorded a slight decrease. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, active yeast imports rose remarkably to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Ukraine (X tons), Germany (X tons) and Romania (X tons) were the main suppliers of active yeast imports to Hungary, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest active yeast suppliers to Hungary were Germany ($X), Ukraine ($X) and Italy ($X), together accounting for X% of total imports.

Ukraine, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average active yeast import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price saw temperate growth. 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 attained the maximum in 2022 and is expected to retain growth in years to come.

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 Italy ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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