Hungary: Mixed Juices Market 2024

Mixed Juices Market Size in Hungary

The Hungarian mixed juices market shrank to $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Mixed Juices Production in Hungary

In value terms, mixed juices production expanded modestly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 19%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Mixed Juices Exports

Exports from Hungary

In 2022, exports of mixtures of fruit and vegetable juices from Hungary rose notably to X tons, growing by 8.4% against 2021. The total export volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when exports increased by 29% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, mixed juices exports rose sharply to $X in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Slovakia (X tons), the Czech Republic (X tons) and Austria (X tons) were the main destinations of mixed juices exports from Hungary, together comprising 64% of total exports. Romania, Bulgaria, Lithuania and Slovenia lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +11.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mixed juices exported from Hungary were Slovakia ($X), Romania ($X) and Austria ($X), together comprising 51% of total exports. The Czech Republic, Bulgaria, Slovenia and Lithuania lagged somewhat behind, together accounting for a further 23%.

Slovenia, with a CAGR of +10.7%, saw 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

In 2022, the average mixed juices export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price recorded a slight reduction. The pace of growth was the most pronounced in 2016 an increase of 31%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Lithuania ($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 Slovenia (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Mixed Juices Imports

Imports into Hungary

In 2022, approx. X tons of mixtures of fruit and vegetable juices were imported into Hungary; picking up by 5.8% compared with the year before. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 37%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, mixed juices imports fell to $X in 2022. Over the period under review, imports posted measured growth. The growth pace was the most rapid in 2018 when imports increased by 85% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Austria (X tons), Germany (X tons) and Ireland (X tons) were the main suppliers of mixed juices imports to Hungary, together accounting for 63% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +161.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and Ireland ($X) constituted the largest mixed juices suppliers to Hungary, with a combined 71% share of total imports.

Among the main suppliers, Ireland, with a CAGR of +126.6%, 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

The average mixed juices import price stood at $X per ton in 2022, falling by -13.6% against the previous year. In general, the import price saw a noticeable curtailment. The growth pace was the most rapid in 2018 an increase of 36%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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