Hungary: Baby Food Market 2024

Baby Food Market Size in Hungary

The Hungarian baby food market contracted modestly to $X in 2021, with a decrease of -3% against the previous year. Overall, consumption recorded a mild descent. Baby food consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Baby Food Production in Hungary

In value terms, baby food production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2016 when the production volume increased by 29% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Baby Food Exports

Exports from Hungary

In 2021, shipments abroad of food preparations for infants decreased by -10.5% to X tons, falling for the second consecutive year after three years of growth. The total export volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 33% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, baby food exports expanded to $X in 2021. In general, total exports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +81.8% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 45% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Germany (X tons) was the main destination for baby food exports from Hungary, with a 41% share of total exports. Moreover, baby food exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), threefold. Croatia (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-2.3% per year) and Croatia (+4.4% per year).

In value terms, Germany ($X), Croatia ($X) and Romania ($X) appeared to be the largest markets for baby food exported from Hungary worldwide, together comprising 58% of total exports. These countries were followed by Bosnia and Herzegovina, Austria, Poland, Slovenia, the Czech Republic, Slovakia, Russia, Serbia and Turkey, which together accounted for a further 31%.

Among the main countries of destination, the Czech Republic, with a CAGR of +36.5%, recorded the highest rates of growth with regard to 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

In 2021, the average baby food export price amounted to $X per ton, increasing by 15% against the previous year. In general, the export price, however, showed a slight descent. The most prominent rate of growth was recorded in 2018 an increase of 20%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Romania ($X per ton), while the average price for exports to Poland ($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 Romania (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Baby Food Imports

Imports into Hungary

Baby food imports into Hungary skyrocketed to X tons in 2021, rising by 28% on the previous year's figure. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, baby food imports soared to $X in 2021. The total import value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of baby food imports to Hungary, with a combined 80% share of total imports. France, Croatia, Spain and Austria lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +35.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and the Netherlands ($X) were the largest baby food suppliers to Hungary, with a combined 80% share of total imports. France, Croatia, Spain and Austria lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, Spain, with a CAGR of +37.1%, 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 2021, the average baby food import price amounted to $X per ton, with an increase of 6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 7.8%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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