Hungary: Chili And Pepper Market 2024

Chili And Pepper Market Size in Hungary

In 2022, the Hungarian chili and pepper market decreased by -0.7% to $X, falling for the second year in a row after two years of growth. In general, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.8% against 2020 indices. Chili and pepper consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Chili And Pepper Production in Hungary

In value terms, chili and pepper production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period 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 2015 when the production volume increased by 24% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

The average yield of chilies and peppers (green) in Hungary dropped slightly to X tons per ha in 2022, therefore, remained relatively stable against 2021. Overall, the yield indicated a tangible increase from 2012 to 2022: its figure increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chili and pepper yield increased by +62.9% against 2013 indices. The pace of growth was the most pronounced in 2014 with an increase of 25% against the previous year. The chili and pepper yield peaked at X tons per ha in 2021, and then fell slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of chilies and peppers (green) were harvested in Hungary; which is down by -2.7% on 2021. Over the period under review, the harvested area showed a pronounced contraction. The pace of growth was the most pronounced in 2015 with an increase of 34% against the previous year. Over the period under review, the harvested area dedicated to chili and pepper production reached the peak figure at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Chili And Pepper Exports

Exports from Hungary

In 2022, the amount of chilies and peppers (green) exported from Hungary fell remarkably to X tons, with a decrease of -19.3% on 2021 figures. Over the period under review, exports recorded a perceptible descent. The growth pace was the most rapid in 2021 when exports increased by 23%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, chili and pepper exports dropped rapidly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Germany (X tons) was the main destination for chili and pepper exports from Hungary, with a 55% share of total exports. Moreover, chili and pepper exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), threefold. The third position in this ranking was held by the Czech Republic (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+4.5% per year) and the Czech Republic (-0.5% per year).

In value terms, Germany ($X) remains the key foreign market for chilies and peppers (green) exports from Hungary, comprising 56% of total exports. The second position in the ranking was held by Slovakia ($X), with a 17% share of total exports. It was followed by the Czech Republic, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+10.2% per year) and the Czech Republic (+4.2% per year).

Export Prices by Country

The average chili and pepper export price stood at $X per ton in 2022, which is down by -4.8% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 an increase of 18%. The export price peaked at $X per ton in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Austria ($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 Switzerland (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Chili And Pepper Imports

Imports into Hungary

In 2022, supplies from abroad of chilies and peppers (green) decreased by -28.4% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, posted prominent growth. The growth pace was the most rapid in 2013 when imports increased by 64% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank markedly in the following year.

In value terms, chili and pepper imports declined dramatically to $X in 2022. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 125%. Imports peaked at $X in 2021, and then fell notably in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest chili and pepper supplier to Hungary, with a 48% share of total imports. Moreover, chili and pepper imports from Spain exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fourfold. The third position in this ranking was taken by Turkey (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+70.4% per year) and Turkey (+10.3% per year).

In value terms, Spain ($X) constituted the largest supplier of chilies and peppers (green) to Hungary, comprising 50% of total imports. The second position in the ranking was taken by Egypt ($X), with a 14% share of total imports. It was followed by Turkey, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+81.6% per year) and Turkey (+12.0% per year).

Import Prices by Country

In 2022, the average chili and pepper import price amounted to $X per ton, with a decrease of -4.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 37% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Jordan ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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