Hungary: Couscous Market 2024

Couscous Market Size in Hungary

The Hungarian couscous market expanded significantly to $X in 2021, surging by 9.3% against the previous year. In general, consumption recorded a relatively flat trend pattern. Couscous consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Couscous Production in Hungary

In value terms, couscous production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Couscous production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Couscous Exports

Exports from Hungary

In 2021, shipments abroad of couscous decreased by -8.4% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 12,262%. The exports peaked at X tons in 2020, and then shrank in the following year.

In value terms, couscous exports rose rapidly to $X in 2021. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 8,547% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The Czech Republic (X tons) was the main destination for couscous exports from Hungary, with a 89% share of total exports. Moreover, couscous exports to the Czech Republic exceeded the volume sent to the second major destination, Croatia (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic stood at +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+91.0% per year) and Belgium (0.0% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for couscous exports from Hungary, comprising 76% of total exports. The second position in the ranking was held by Croatia ($X), with a 6.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic stood at +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+91.2% per year) and Belgium (0.0% per year).

Export Prices by Country

The average couscous export price stood at $X per ton in 2021, rising by 25% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The growth pace was the most rapid in 2018 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to the Czech Republic ($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 Croatia (+0.1%).

Couscous Imports

Imports into Hungary

In 2021, overseas purchases of couscous decreased by -7.1% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 604%. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, couscous imports rose remarkably to $X in 2021. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 340% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of couscous to Hungary, accounting for a 70% share of total imports. Moreover, couscous imports from France exceeded the figures recorded by the second-largest supplier, Italy (X tons), eightfold. The third position in this ranking was held by Poland (X tons), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France amounted to +76.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+35.7% per year) and Poland (+70.8% per year).

In value terms, France ($X) constituted the largest supplier of couscous to Hungary, comprising 61% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Italy, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from France totaled +67.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.8% per year) and Italy (+31.3% per year).

Import Prices by Country

The average couscous import price stood at $X per ton in 2021, increasing by 14% against the previous year. In general, the import price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by 24%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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