Hungary: Other Cereals Market 2024

Other Cereals Market Size in Hungary

The Hungarian other cereals market skyrocketed to $X in 2021, rising by 40% against the previous year. Overall, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.1% against 2019 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Other Cereals Production in Hungary

In value terms, other cereals production surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -23.0% against 2019 indices. Other cereals production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

The average yield of other cerealses in Hungary declined slightly to X tons per ha in 2021, standing approx. at the year before. The yield figure increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when the yield increased by 25%. Over the period under review, the average other cereals yield hit record highs at X tons per ha in 2016; however, from 2017 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of other cerealses in Hungary rose notably to X ha, growing by 8.3% against 2020. Over the period under review, the harvested area, however, recorded a perceptible descent. Over the period under review, the harvested area dedicated to other cereals production attained the maximum at X ha in 2015; however, from 2016 to 2021, the harvested area stood at a somewhat lower figure.

Other Cereals Exports

Exports from Hungary

In 2021, approx. X tons of other cerealses were exported from Hungary; waning by -48.2% against the year before. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 79% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, other cereals exports shrank to $X in 2021. In general, exports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons), Austria (X tons) and Spain (X tons) were the main destinations of other cereals exports from Hungary, with a combined 80% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +109.6%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and Germany ($X) were the largest markets for other cereals exported from Hungary worldwide, with a combined 56% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +158.5%, 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

In 2021, the average other cereals export price amounted to $X per ton, rising by 70% against the previous year. Over the period under review, the export price enjoyed a moderate expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Other Cereals Imports

Imports into Hungary

In 2021, approx. X tons of other cerealses were imported into Hungary; with an increase of 1,896% against the previous year's figure. Overall, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, other cereals imports soared to $X in 2021. Over the period under review, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Slovakia (X tons) was the main other cereals supplier to Hungary, with a 98% share of total imports. It was followed by Romania (X tons), with a 0.3% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Slovakia totaled +88.8%.

In value terms, Slovakia ($X) constituted the largest supplier of other cereals to Hungary, comprising 83% of total imports. The second position in the ranking was held by Romania ($X), with a 0.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Slovakia totaled +97.6%.

Import Prices by Country

In 2021, the average other cereals import price amounted to $X per ton, waning by -68.9% against the previous year. Over the period under review, the import price showed a abrupt downturn. The growth pace was the most rapid in 2018 an increase of 91% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Romania ($X per ton), while the price for Slovakia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+4.7%).

Source: IndexBox Platform

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