Hungary: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Hungary

The Hungarian beet-pulp and bagasse market soared to $X in 2022, jumping by 20% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Beet-Pulp And Bagasse Production in Hungary

In value terms, beet-pulp and bagasse production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 60% against the previous year. Beet-pulp and bagasse production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Beet-Pulp And Bagasse Exports

Exports from Hungary

In 2022, exports of beet-pulp and bagasse from Hungary expanded slightly to X tons, surging by 2.1% compared with the previous year's figure. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2013 with an increase of 548%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, beet-pulp and bagasse exports expanded sharply to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 359% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Austria (X tons) was the main destination for beet-pulp and bagasse exports from Hungary, accounting for a 71% share of total exports. Moreover, beet-pulp and bagasse exports to Austria exceeded the volume sent to the second major destination, Slovakia (X tons), fourfold. The third position in this ranking was held by Croatia (X tons), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria totaled +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-10.3% per year) and Croatia (-39.5% per year).

In value terms, Austria ($X) remains the key foreign market for beet-pulp and bagasse exports from Hungary, comprising 71% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 15% share of total exports. It was followed by Croatia, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria amounted to +27.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-9.5% per year) and Croatia (-35.9% per year).

Export Prices by Country

The average beet-pulp and bagasse export price stood at $X per ton in 2022, increasing by 8.5% against the previous year. In general, the export price, however, saw a mild curtailment. The pace of growth was the most pronounced in 2017 when the average export price increased by 83% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($X per ton) and Croatia ($X per ton), while the average price for exports to Slovakia ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Beet-Pulp And Bagasse Imports

Imports into Hungary

In 2022, the amount of beet-pulp and bagasse imported into Hungary surged to X tons, rising by 82% against the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 160%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, beet-pulp and bagasse imports surged to $X in 2022. Over the period under review, imports showed mild growth. The pace of growth appeared the most rapid in 2018 with an increase of 92% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest supplier of beet-pulp and bagasse to Hungary, with a 46% share of total imports. Moreover, beet-pulp and bagasse imports from Slovakia exceeded the figures recorded by the second-largest supplier, Croatia (X tons), twofold. The third position in this ranking was held by Austria (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Slovakia totaled +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+96.9% per year) and Austria (-8.1% per year).

In value terms, Austria ($X), Slovakia ($X) and Belgium ($X) were the largest beet-pulp and bagasse suppliers to Hungary, with a combined 70% share of total imports. Serbia, Croatia, the Czech Republic, Romania and Slovenia lagged somewhat behind, together comprising a further 21%.

Croatia, with a CAGR of +58.6%, recorded the highest growth rate of 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 beet-pulp and bagasse import price amounted to $X per ton, reducing by -17.5% against the previous year. Overall, the import price, however, saw a moderate increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 90%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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