Hungary: Bread And Bakery Market 2024

Bread And Bakery Market Size in Hungary

The Hungarian bread and bakery market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, saw a mild slump. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Bread And Bakery Production in Hungary

In value terms, bread and bakery production skyrocketed to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible decrease. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Bread And Bakery Exports

Exports from Hungary

In 2022, overseas shipments of bread and bakery increased by X% to X tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, bread and bakery exports amounted to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Romania (X tons), Germany (X tons) and the Czech Republic (X tons) were the main destinations of bread and bakery exports from Hungary, together comprising X% of total exports. Slovakia, Austria, Croatia, Poland, Belgium, the Netherlands, Serbia, the UK, Bulgaria and Italy lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for bread and bakery exported from Hungary were Romania ($X), Germany ($X) and the Czech Republic ($X), with a combined X% share of total exports. Slovakia, Croatia, Austria, Poland, the UK, Belgium, Serbia, the Netherlands, Bulgaria and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Serbia, with a CAGR of X%, recorded the highest growth rate of 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 bread and bakery export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands ($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 the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bread And Bakery Imports

Imports into Hungary

For the eleventh consecutive year, Hungary recorded growth in supplies from abroad of bread and bakery, which increased by X% to X tons in 2022. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, bread and bakery imports expanded rapidly to $X in 2022. In general, imports continue to indicate a strong increase. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of bread and bakery imports to Hungary, with a combined X% share of total imports. Italy, Austria, Slovakia and Romania lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), Poland ($X) and Italy ($X) appeared to be the largest bread and bakery suppliers to Hungary, with a combined X% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of X%, recorded the highest rates of growth with regard to 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 bread and bakery import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure 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 Italy ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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