Hungary: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in Hungary

In 2021, the Hungarian grape juice (single strength) market decreased by -14.2% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, showed a prominent expansion. Grape juice (single strength) consumption peaked at $X in 2020, and then contracted in the following year.

Production of Grape Juice (Single Strength) in Hungary

In value terms, grape juice (single strength) production totaled less than $X in 2021 estimated in export price. Over the period under review, production recorded measured growth. The pace of growth was the most pronounced in 2013 with an increase of 97% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Grape Juice (Single Strength)

Exports from Hungary

In 2021, shipments abroad of grape juice (single strength) was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports posted noticeable growth. The pace of growth was the most pronounced in 2016 when exports increased by 5,197%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, grape juice (single strength) exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 1,805%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for grape juice (single strength) exports from Hungary, accounting for a 89% share of total exports. Moreover, grape juice (single strength) exports to Italy exceeded the volume sent to the second major destination, Bulgaria (X tons), more than tenfold. The Czech Republic (X tons) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled +477.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+84.1% per year) and the Czech Republic (+15.4% per year).

In value terms, Italy ($X) emerged as the key foreign market for grape juice (single strength) exports from Hungary, comprising 90% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 4.4% share of total exports. It was followed by the Czech Republic, with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to +296.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+60.8% per year) and the Czech Republic (-10.6% per year).

Export Prices by Country

The average grape juice (single strength) export price stood at $X per ton in 2021, dropping by -52.9% against the previous year. In general, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 162%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to the Czech Republic ($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 Slovakia (-4.0%), while the prices for the other major destinations experienced a decline.

Imports of Grape Juice (Single Strength)

Imports into Hungary

In 2021, supplies from abroad of grape juice (single strength) decreased by -5.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports recorded a perceptible downturn. The pace of growth was the most pronounced in 2017 with an increase of 102%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, grape juice (single strength) imports amounted to $X in 2021. In general, imports recorded a noticeable setback. The pace of growth appeared the most rapid in 2017 when imports increased by 43% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest grape juice (single strength) supplier to Hungary, with a 69% share of total imports. Moreover, grape juice (single strength) imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.5% per year) and Austria (+16.1% per year).

In value terms, the largest grape juice (single strength) suppliers to Hungary were Italy ($X), Germany ($X) and Austria ($X), with a combined 97% share of total imports.

Austria, with a CAGR of +14.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average grape juice (single strength) import price amounted to $X per ton, rising by 6.8% against the previous year. In general, the import price, however, continues to indicate a mild decline. The pace of growth was the most pronounced in 2018 an increase of 72% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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