Hungary: Bottled Water Market 2024

Bottled Water Market Size in Hungary

In 2022, the Hungarian bottled water market increased by 0.5% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a slight decrease. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Bottled Water Production in Hungary

In value terms, bottled water production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a mild shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 12% against the previous year. Bottled water production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Bottled Water Exports

Exports from Hungary

In 2022, shipments abroad of bottled waters was finally on the rise to reach X tons after five years of decline. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 114% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, bottled water exports shrank to $X in 2022. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 152%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for bottled water exports from Hungary, accounting for a 85% share of total exports. Moreover, bottled water exports to Romania exceeded the volume sent to the second major destination, Slovakia (X tons), tenfold. The Czech Republic (X tons) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume to Romania amounted to +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+1.1% per year) and the Czech Republic (+21.9% per year).

In value terms, Romania ($X) remains the key foreign market for bottled waters exports from Hungary, comprising 71% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 9.2% share of total exports. It was followed by Croatia, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania totaled +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+5.0% per year) and Croatia (+8.8% per year).

Export Prices by Country

The average bottled water export price stood at $X per ton in 2022, which is down by -12.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2021 when the average export price increased by 26% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to the Czech Republic ($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 Slovenia (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Bottled Water Imports

Imports into Hungary

In 2022, supplies from abroad of bottled waters increased by 123% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, showed a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, bottled water imports soared to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Croatia (X tons) constituted the largest bottled water supplier to Hungary, with a 48% share of total imports. Moreover, bottled water imports from Croatia exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Austria (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Croatia totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-10.5% per year) and Austria (+4.9% per year).

In value terms, Croatia ($X), Italy ($X) and Austria ($X) were the largest bottled water suppliers to Hungary, together comprising 69% of total imports. These countries were followed by France, Germany, the Czech Republic and Poland, which together accounted for a further 23%.

In terms of the main suppliers, Poland, with a CAGR of +17.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bottled water import price stood at $X per ton in 2022, reducing by -15.1% against the previous year. In general, the import price, however, recorded a mild expansion. The pace of growth was the most pronounced in 2021 an increase of 20%. As a result, import price reached the peak level of $X per ton, and then dropped notably in the following year.

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 France ($X per ton), while the price for the Czech Republic ($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 (+6.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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