Report Update Nov 1, 2024

Hungary - Chewing Gum - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Chewing Gum Market 2024

Chewing Gum Market Size in Hungary

The Hungarian chewing gum market fell to $X in 2021, dropping by -7.3% against the previous year. Overall, consumption continues to indicate a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Chewing Gum Production in Hungary

In value terms, chewing gum production shrank to $X in 2021 estimated in export price. Overall, production saw a drastic downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 13%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Chewing Gum Exports

Exports from Hungary

In 2021, shipments abroad of chewing gum increased by 68% to X tons, rising for the fifth year in a row after three years of decline. Overall, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, chewing gum exports skyrocketed to $X in 2021. In general, exports posted a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by 94%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Poland (X tons), Romania (X tons) and Serbia (X tons) were the main destinations of chewing gum exports from Hungary, with a combined 53% 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 Serbia (with a CAGR of +40.5%), while the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Poland ($X) and Romania ($X) were the largest markets for chewing gum exported from Hungary worldwide, together accounting for 70% of total exports.

Among the main countries of destination, Serbia, with a CAGR of +65.4%, saw 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 chewing gum export price stood at $X per ton in 2021, which is down by -22.4% against the previous year. Overall, the export price, however, saw pronounced growth. The pace of growth appeared the most rapid in 2013 an increase of 73%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Serbia ($X per ton), while the average price for exports to Iraq ($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 Belgium (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Chewing Gum Imports

Imports into Hungary

Chewing gum imports into Hungary surged to X tons in 2021, with an increase of 75% compared with the previous year. Overall, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chewing gum imports soared to $X in 2021. Over the period under review, imports enjoyed a temperate expansion. The pace of growth was the most pronounced in 2013 with an increase of 112%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Poland (X tons), Spain (X tons) and North Macedonia (X tons) were the main suppliers of chewing gum imports to Hungary, with a combined 51% share of total imports. The UK, Colombia, the Czech Republic, Romania, Cyprus, Brazil and Germany lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +176.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the UK ($X) and Cyprus ($X) were the largest chewing gum suppliers to Hungary, together accounting for 46% of total imports.

The UK, with a CAGR of +180.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chewing gum import price stood at $X per ton in 2021, surging by 5.7% against the previous year. Overall, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2013 an increase of 63%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Cyprus ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chewing gum in the world?

The country with the largest volume of chewing gum consumption was China, comprising approx. 15% of total volume. Moreover, chewing gum consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 4.9% share.

What are the largest producers of chewing gum in the world?

China constituted the country with the largest volume of chewing gum production, comprising approx. 19% of total volume. Moreover, chewing gum production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Turkey, with a 5.9% share.

What are the leading suppliers of chewing gum to Hungary?

In value terms, Slovakia, the UK and the Czech Republic were the largest chewing gum suppliers to Hungary, with a combined 46% share of total imports. These countries were followed by Germany, North Macedonia, Poland, Romania, Brazil and Colombia, which together accounted for a further 46%.

What are the leading importers of chewing gum from Hungary?

In value terms, Serbia remains the key foreign market for chewing gum exports from Hungary, comprising 48% of total exports. The second position in the ranking was occupied by Bosnia and Herzegovina, with a 16% share of total exports. It was followed by Poland, with a 15% share.

What is the average export price for chewing gum in Hungary?

In 2020, the average chewing gum export price amounted to $9,142 per ton, with an increase of 67% against the previous year.

What is the average import price for chewing gum in Hungary?

In 2020, the average chewing gum import price amounted to $4,865 per ton, growing by 2.4% against the previous year.

This report provides an in-depth analysis of the chewing gum market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10822310 - Chewing gum

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023