Hungary: Grain Market 2024

Grain Market Size in Hungary

The Hungarian grain market skyrocketed to $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Grain Production in Hungary

In value terms, grain production reduced slightly to $X in 2022 estimated in export price. In general, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Grain production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The average yield of grain in Hungary stood at X tons per ha in 2022, growing by X% against 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the yield increased by X%. The grain yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of grain in Hungary contracted to X ha, leveling off at the year before. Over the period under review, the harvested area recorded a mild contraction. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X%. The grain harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Grain Exports

Exports from Hungary

In 2022, overseas shipments of grain decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports showed a pronounced downturn. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, grain exports reduced modestly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Italy (X tons) was the main destination for grain exports from Hungary, accounting for a X% share of total exports. Moreover, grain exports to Italy exceeded the volume sent to the second major destination, Austria (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Germany (X% per year).

In value terms, the largest markets for grain exported from Hungary were Italy ($X), Austria ($X) and Germany ($X), with a combined X% share of total exports. Romania, Bosnia and Herzegovina, Croatia, Slovenia, Slovakia, Poland and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Croatia, with a CAGR of X%, saw 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

The average grain export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Romania ($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 Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into Hungary

In 2022, supplies from abroad of grain increased by X% to X tons, rising for the third year in a row after five years of decline. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, grain imports surged to $X in 2022. Over the period under review, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest grain supplier to Hungary, with a X% share of total imports. Moreover, grain imports from Ukraine exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), fourfold. The third position in this ranking was held by Romania (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Ukraine totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Romania (X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of grain to Hungary, comprising X% of total imports. The second position in the ranking was held by Slovakia ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Ukraine amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Romania (X% per year).

Import Prices by Country

In 2022, the average grain import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Ukraine ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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