Hungary: Beer Market 2024

Beer Market Size in Hungary

The Hungarian beer market dropped modestly to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Beer consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Beer Production in Hungary

In value terms, beer production fell slightly to $X in 2022 estimated in export price. In general, production saw a pronounced reduction. The growth pace was the most rapid in 2018 when the production volume increased by 12% against the previous year. Beer production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Beer Exports

Exports from Hungary

After two years of growth, overseas shipments of beer decreased by -15% to X tons in 2022. Overall, total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 55%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, beer exports fell modestly to $X in 2022. In general, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +44.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 90%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), Poland (X tons) and Croatia (X tons) were the main destinations of beer exports from Hungary, together comprising 58% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +82.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Serbia ($X) and China ($X) were the largest markets for beer exported from Hungary worldwide, together comprising 59% of total exports. These countries were followed by Croatia, Poland, Romania, Germany and Slovakia, which together accounted for a further 33%.

In terms of the main countries of destination, Poland, with a CAGR of +78.9%, 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 beer export price stood at $X per ton in 2022, jumping by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2013 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Poland ($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 Serbia (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Beer Imports

Imports into Hungary

In 2022, imports of beer into Hungary expanded to X tons, surging by 2.7% against 2021 figures. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.1% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 38% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, beer imports rose sharply to $X in 2022. Over the period under review, imports posted prominent growth. The growth pace was the most rapid in 2018 when imports increased by 47%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), the Czech Republic (X tons) and Slovakia (X tons) were the main suppliers of beer imports to Hungary, with a combined 65% share of total imports. These countries were followed by Germany, Serbia, Croatia, Romania, Belgium and Austria, which together accounted for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +26.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Germany ($X) were the largest beer suppliers to Hungary, with a combined 55% share of total imports. Slovakia, Belgium, Serbia, Croatia, Romania and Austria lagged somewhat behind, together comprising a further 33%.

Belgium, with a CAGR of +32.6%, saw the highest rates of growth with regard to the value of imports, among 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 beer import price amounted to $X per ton, with an increase of 2.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Belgium ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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