Hungary: Sour Cherry Market 2024

Sour Cherry Market Size in Hungary

The Hungarian sour cherry market dropped modestly to $X in 2022, shrinking by -2.7% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Sour Cherry Production in Hungary

In value terms, sour cherry production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 46% against the previous year. Sour cherry production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average sour cherry yield in Hungary amounted to X tons per ha, stabilizing at the previous year. Over the period under review, the yield indicated a modest increase from 2012 to 2022: its figure increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sour cherry yield decreased by -28.4% against 2018 indices. The growth pace was the most rapid in 2014 when the yield increased by 34% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the average sour cherry yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of sour cherries production in Hungary shrank to X ha, approximately reflecting the previous year's figure. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 5.6%. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the sour cherry harvested area remained at a somewhat lower figure.

Sour Cherry Exports

Exports from Hungary

Sour cherry exports from Hungary reduced slightly to X tons in 2022, falling by -4.7% against 2021. Over the period under review, exports showed a perceptible reduction. The most prominent rate of growth was recorded in 2013 with an increase of 35%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, sour cherry exports reduced to $X in 2022. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 99% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for sour cherry exports from Hungary, accounting for a 75% share of total exports. Moreover, sour cherry exports to Germany exceeded the volume sent to the second major destination, Romania (X tons), eightfold. The third position in this ranking was held by Austria (X tons), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+21.1% per year) and Austria (-10.4% per year).

In value terms, Germany ($X) remains the key foreign market for sour cherries exports from Hungary, comprising 80% of total exports. The second position in the ranking was held by Romania ($X), with a 7.6% share of total exports. It was followed by Slovakia, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+16.3% per year) and Slovakia (+7.0% per year).

Export Prices by Country

The average sour cherry export price stood at $X per ton in 2022, surging by 3.9% against the previous year. In general, the export price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 58% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 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 Poland ($X per ton), while the average price for exports to Belgium ($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 Poland (-0.7%), while the prices for the other major destinations experienced a decline.

Sour Cherry Imports

Imports into Hungary

In 2022, approx. X tons of sour cherries were imported into Hungary; shrinking by -32.4% against 2021 figures. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 360,277%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sour cherry imports contracted slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 284,607% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest sour cherry supplier to Hungary, with a 88% share of total imports. Moreover, sour cherry imports from Poland exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to +40.2%.

In value terms, Poland ($X) constituted the largest supplier of sour cherries to Hungary, comprising 90% of total imports. The second position in the ranking was held by Slovenia ($X), with a 6.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to +34.4%.

Import Prices by Country

In 2022, the average sour cherry import price amounted to $X per ton, jumping by 48% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 134% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Slovenia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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