Hungary: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Hungary

The Hungarian market for concentrated lemon and other citrus fruit juice reduced rapidly to $X in 2021, declining by -22.4% 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 showed a noticeable downturn. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports from Hungary

Exports of concentrated lemon and other citrus fruit juice from Hungary dropped markedly to X tons in 2021, which is down by -22.2% compared with the previous year. In general, exports saw a sharp decline. The most prominent rate of growth was recorded in 2019 with an increase of 9,162% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of concentrated lemon and other citrus fruit juice reduced dramatically to $X in 2021. Over the period under review, exports showed a deep slump. The pace of growth was the most pronounced in 2019 when exports increased by 1,356%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for exports of concentrated lemon and other citrus fruit juice from Hungary, with a 56% share of total exports. Moreover, exports of concentrated lemon and other citrus fruit juice to the Czech Republic exceeded the volume sent to the second major destination, Slovakia (X tons), threefold. The third position in this ranking was held by Italy (X kg), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic totaled -28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+7.0% per year) and Italy (-30.6% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for concentrated lemon and other citrus fruit juice exports from Hungary, comprising 75% of total exports. The second position in the ranking was taken by Italy ($X), with an 18% share of total exports. It was followed by Romania, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic stood at -26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-15.9% per year) and Romania (-20.7% per year).

Export Prices by Country

In 2021, the average export price for concentrated lemon and other citrus fruit juice amounted to $X per ton, waning by -34.2% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2020 an increase of 1,592% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Slovakia ($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 France (+94.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports into Hungary

After two years of growth, supplies from abroad of concentrated lemon and other citrus fruit juice decreased by -26.2% to X tons in 2021. Over the period under review, imports continue to indicate a noticeable decline. The growth pace was the most rapid in 2013 when imports increased by 39% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of concentrated lemon and other citrus fruit juice contracted rapidly to $X in 2021. In general, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 27% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

Italy (X tons), Austria (X tons) and the Netherlands (X tons) were the main suppliers of imports of concentrated lemon and other citrus fruit juice to Hungary, together accounting for 76% of total imports. France, Spain, Germany and Ireland lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +73.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Austria ($X) and France ($X) appeared to be the largest concentrated lemon and other citrus fruit juice suppliers to Hungary, with a combined 66% share of total imports. These countries were followed by the Netherlands, Ireland, Germany and Spain, which together accounted for a further 31%.

Ireland, with a CAGR of +80.2%, saw the highest growth rate of 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 import price for concentrated lemon and other citrus fruit juice stood at $X per ton in 2021, surging by 6.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 33%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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