Hungary: Concentrated Apple Juice Market 2024

Concentrated Apple Juice Market Size in Hungary

After three years of growth, the Hungarian concentrated apple juice market decreased by -18.5% to $X in 2021. Over the period under review, consumption, however, continues to indicate significant growth. Concentrated apple juice consumption peaked at $X in 2020, and then shrank markedly in the following year.

Concentrated Apple Juice Production in Hungary

In value terms, concentrated apple juice production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 48% against the previous year. Concentrated apple juice production peaked at $X in 2020, and then contracted in the following year.

Concentrated Apple Juice Exports

Exports from Hungary

In 2021, shipments abroad of concentrated apple juice was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, showed a slight reduction. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, concentrated apple juice exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable contraction. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Austria (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of concentrated apple juice exports from Hungary, with a combined 66% share of total exports. The UK, France, the United States, Egypt, Bulgaria and Poland lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +153.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for concentrated apple juice exported from Hungary were Austria ($X), Germany ($X) and the Netherlands ($X), together comprising 62% of total exports. These countries were followed by France, the UK, the United States, Egypt, Bulgaria and Poland, which together accounted for a further 30%.

In terms of the main countries of destination, Egypt, with a CAGR of +155.6%, 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

The average concentrated apple juice export price stood at $X per ton in 2021, leveling off at the previous year. In general, the export price, however, showed a perceptible decline. The growth pace was the most rapid in 2016 when the average export price increased by 29% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($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 the United States (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Apple Juice Imports

Imports into Hungary

In 2021, supplies from abroad of concentrated apple juice increased by 37% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports saw a resilient increase. The growth pace was the most rapid in 2013 when imports increased by 196% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, concentrated apple juice imports skyrocketed to $X in 2021. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 140%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Poland (X tons), Austria (X tons) and Romania (X tons) were the main suppliers of concentrated apple juice imports to Hungary, with a combined 76% share of total imports. These countries were followed by Serbia and Slovakia, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +56.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Romania ($X) and Austria ($X) were the largest concentrated apple juice suppliers to Hungary, together accounting for 74% of total imports. Serbia and Slovakia lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, Slovakia, with a CAGR of +54.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average concentrated apple juice import price amounted to $X per ton, waning by -6.6% against the previous year. Over the period under review, the import price saw a pronounced downturn. The most prominent rate of growth was recorded in 2016 an increase of 24% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Poland ($X per ton) and Romania ($X per ton), while the price for Austria ($X per ton) and Serbia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+10.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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