Hungary: Grape Must Market 2024

Grape Must Market Size in Hungary

The Hungarian grape must market reduced markedly to $X in 2021, waning by -87.6% against the previous year. Overall, consumption saw a dramatic shrinkage. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Grape Must Production in Hungary

In value terms, grape must production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 316% against the previous year. Over the period under review, production attained the peak level in 2021 and is likely to see steady growth in years to come.

Grape Must Exports

Exports from Hungary

Grape must exports from Hungary declined to X litres in 2021, falling by -6.8% against 2020 figures. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2014 when exports increased by 341% against the previous year. The exports peaked at X litres in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, grape must exports reduced modestly to $X in 2021. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2015 when exports increased by 336% against the previous year. The exports peaked at $X in 2020, and then dropped slightly in the following year.

Exports by Country

Slovakia (X litres) was the main destination for grape must exports from Hungary, with a 65% share of total exports. Moreover, grape must exports to Slovakia exceeded the volume sent to the second major destination, the Czech Republic (X litres), threefold. Croatia (X litres) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovakia stood at +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+43.6% per year) and Croatia (+138.6% per year).

In value terms, Slovakia ($X) remains the key foreign market for grape must exports from Hungary, comprising 57% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 25% share of total exports. It was followed by Croatia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovakia stood at +25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+41.3% per year) and Croatia (+153.5% per year).

Export Prices by Country

In 2021, the average grape must export price amounted to $X per litre, increasing by 3.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 39%. The export price peaked at $X per litre in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per litre), while the average price for exports to Slovakia ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Grape Must Imports

Imports into Hungary

In 2021, approx. X litres of grape must were imported into Hungary; reducing by -7.9% against 2020 figures. Over the period under review, imports continue to indicate a deep slump. The growth pace was the most rapid in 2016 when imports increased by 100%. Imports peaked at X litres in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, grape must imports reduced remarkably to $X in 2021. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 101%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X litres) constituted the largest grape must supplier to Hungary, with a 70% share of total imports. Moreover, grape must imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X litres), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at -9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-28.5% per year) and France (-79.8% per year).

In value terms, Spain ($X) constituted the largest supplier of grape must to Hungary, comprising 70% of total imports. The second position in the ranking was taken by Italy ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain stood at -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-24.2% per year) and France (-83.4% per year).

Import Prices by Country

The average grape must import price stood at $X per litre in 2021, dropping by -13.7% against the previous year. Overall, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the average import price increased by 35% against the previous year. The import price peaked at $X per litre in 2020, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per litre), while the price for Italy ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+38.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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