Hungary: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Hungary

The Hungarian concentrated grapefruit juice market skyrocketed to $X in 2021, growing by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a pronounced reduction. Concentrated grapefruit juice consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Concentrated Grapefruit Juice Exports

Exports from Hungary

In 2019, overseas shipments of concentrated grapefruit juice decreased by -14.8% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 361%. The exports peaked at X tons in 2017; however, from 2018 to 2019, the exports stood at a somewhat lower figure.

In value terms, concentrated grapefruit juice exports contracted to $X in 2019. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 464%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Lithuania (X tons), Brazil (X tons) and the Netherlands (X tons) were the main destinations of concentrated grapefruit juice exports from Hungary, with a combined 85% share of total exports.

From 2012 to 2019, the biggest increases were in Lithuania (with a CAGR of +33.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X) remains the key foreign market for concentrated grapefruit juice exports from Hungary, comprising 65% of total exports. The second position in the ranking was taken by Romania ($X), with a 13% share of total exports. It was followed by Brazil, with an 11% share.

From 2012 to 2019, the average annual rate of growth in terms of value to Lithuania totaled +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-3.8% per year) and Brazil (+39.4% per year).

Export Prices by Country

In 2019, the average concentrated grapefruit juice export price amounted to $X per ton, standing approx. at the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 23%. The export price peaked at $X per ton in 2014; however, from 2015 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+108.7%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Grapefruit Juice Imports

Imports into Hungary

In 2021, purchases abroad of concentrated grapefruit juice decreased by -10.4% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2019 with an increase of 69%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, concentrated grapefruit juice imports soared to $X in 2021. Overall, imports recorded a noticeable downturn. The pace of growth was the most pronounced in 2013 when imports increased by 63%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of concentrated grapefruit juice to Hungary, with a 69% share of total imports. Moreover, concentrated grapefruit juice imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+21.4% per year) and Spain (+24.5% per year).

In value terms, the largest concentrated grapefruit juice suppliers to Hungary were the Netherlands ($X), Italy ($X) and Spain ($X), with a combined 99% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +30.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average concentrated grapefruit juice import price amounted to $X per ton, with an increase of 76% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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