Hungary: Pasta Products Market 2024

Pasta Products Market Size in Hungary

The Hungarian pasta products market declined to $X in 2022, reducing by -13.7% against the previous year. Over the period under review, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +24.8% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Pasta Products Production in Hungary

In value terms, pasta products production skyrocketed to $X in 2022 estimated in export price. In general, production showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by 57%. Pasta products production peaked in 2022 and is likely to see gradual growth in years to come.

Pasta Products Exports

Exports from Hungary

In 2022, the amount of dried, undried and frozen pasta and pasta products exported from Hungary soared to X tons, with an increase of 41% against 2021 figures. Overall, exports showed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, pasta products exports skyrocketed to $X in 2022. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Germany (X tons), Poland (X tons) and the UK (X tons) were the main destinations of pasta products exports from Hungary, together comprising 59% of total exports. The Netherlands, Romania, France, Spain, Sweden, Finland, Switzerland, Portugal, Italy and Belgium lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +111.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pasta products exported from Hungary were Germany ($X), the UK ($X) and the Netherlands ($X), together comprising 56% of total exports. Poland, France, Spain, Romania, Portugal, Finland, Sweden, Italy, Switzerland and Belgium lagged somewhat behind, together accounting for a further 36%.

Finland, with a CAGR of +105.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pasta products export price stood at $X per ton in 2022, waning by -16.3% against the previous year. Overall, the export price saw a slight reduction. The pace of growth appeared the most rapid in 2017 an increase of 18%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Poland ($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 Italy (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta Products Imports

Imports into Hungary

In 2022, overseas purchases of dried, undried and frozen pasta and pasta products increased by 4.5% to X tons, rising for the seventh year in a row after two years of decline. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, pasta products imports expanded rapidly to $X in 2022. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 42%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Poland (X tons), Slovakia (X tons) and Germany (X tons) were the main suppliers of pasta products imports to Hungary, together comprising 53% of total imports. Ukraine, the Czech Republic, Austria, Vietnam, Italy, Serbia and the UK lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +70.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Slovakia ($X) and Germany ($X) were the largest pasta products suppliers to Hungary, together accounting for 55% of total imports. Ukraine, Austria, the Czech Republic, Vietnam, Italy, Serbia and the UK lagged somewhat behind, together comprising a further 40%.

Among the main suppliers, Serbia, with a CAGR of +74.8%, saw the highest growth rate of 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 2022, the average pasta products import price amounted to $X per ton, growing by 10% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2021 an increase of 11%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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