Hungary: Carob Market 2025

Carob Market Size in Hungary

In 2022, the Hungarian carob market increased by 20% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption saw a buoyant expansion. Carob consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Carob Production in Hungary

In value terms, carob production totaled less than $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with a decrease of 99.9% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

The average yield of carob in Hungary was estimated at less than X kg per ha in 2022, standing approx. at the previous year's figure. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of carob in Hungary was estimated at less than X ha, therefore, remained relatively stable against 2021 figures. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Carob Exports

Exports from Hungary

In 2022, shipments abroad of carob increased by 1,018% to X tons, rising for the third consecutive year after four years of decline. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 3,154% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, carob exports surged to $X in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,901%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Suriname (X tons) was the main destination for carob exports from Hungary, accounting for a 95% share of total exports. It was followed by Germany (X kg), with a 1.8% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Suriname was relatively modest.

In value terms, Suriname ($X) emerged as the key foreign market for carob exports from Hungary, comprising 85% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.1% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Suriname was relatively modest.

Export Prices by Country

In 2022, the average carob export price amounted to $X per ton, declining by -63.5% against the previous year. In general, the export price showed a perceptible downturn. The growth pace was the most rapid in 2017 an increase of 7.4%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.2%).

Carob Imports

Imports into Hungary

In 2022, approx. X tons of carob were imported into Hungary; with a decrease of -6.6% on the previous year. Over the period under review, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 751%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, carob imports contracted slightly to $X in 2022. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 327% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest carob supplier to Hungary, accounting for a 52% share of total imports. Moreover, carob imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+11.5% per year) and Italy (-37.0% per year).

In value terms, Spain ($X), Italy ($X) and the Netherlands ($X) constituted the largest carob suppliers to Hungary, with a combined 85% share of total imports. These countries were followed by Indonesia, which accounted for a further 11%.

Among the main suppliers, Indonesia, with a CAGR of +260.3%, 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

In 2022, the average carob import price amounted to $X per ton, rising by 3.9% against the previous year. Overall, the import price saw a noticeable increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 79%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Indonesia ($X per ton), while the price for the Netherlands ($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 (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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