Hungary: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Hungary

After four years of growth, the Hungarian casein and caseinates market decreased by -7.5% to $X in 2022. In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 8.5% against the previous year. Casein and caseinates consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Casein And Caseinates Production in Hungary

In value terms, casein and caseinates production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 18% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Casein And Caseinates Exports

Exports from Hungary

In 2022, the amount of casein and caseinates exported from Hungary skyrocketed to X kg, jumping by 297% against the year before. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2013 with an increase of 87,400% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, casein and caseinates exports surged to $X in 2022. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 96,229%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X kg) was the main destination for casein and caseinates exports from Hungary, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to +300.0%.

In value terms, Sweden ($X) also remains the key foreign market for casein and caseinates exports from Hungary.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +276.5%.

Export Prices by Country

The average casein and caseinates export price stood at $X per ton in 2022, dropping by -6.2% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 286% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to +7.1% per year.

Casein And Caseinates Imports

Imports into Hungary

In 2022, purchases abroad of casein and caseinates decreased by -33.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, casein and caseinates imports fell significantly to $X in 2022. In general, imports showed a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of casein and caseinates imports to Hungary, together accounting for 79% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +3.7%), while purchases for the other leaders experienced a decline.

In value terms, Poland ($X), Germany ($X) and the Netherlands ($X) constituted the largest casein and caseinates suppliers to Hungary, with a combined 80% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +10.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average casein and caseinates import price amounted to $X per ton, growing by 21% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, casein and caseinates import price increased by +75.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 28%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and the Netherlands ($X per ton), while the price for Poland ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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