Hungary: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in Hungary

For the fourth consecutive year, the Hungarian grapefruit juice (single strength) market recorded growth in sales value, which increased by 20% to $X in 2021. In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +77.7% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Grapefruit Juice (Single Strength) in Hungary

In value terms, grapefruit juice (single strength) production reached $X in 2021 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.8% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 35%. Grapefruit juice (single strength) production peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports of Grapefruit Juice (Single Strength)

Exports from Hungary

In 2021, shipments abroad of grapefruit juice (single strength) decreased by -38.4% to X tons, falling for the second consecutive year after three years of growth. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 30%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, grapefruit juice (single strength) exports dropped markedly to $X in 2021. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 47% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons), Slovakia (X tons) and Austria (X tons) were the main destinations of grapefruit juice (single strength) exports from Hungary, together comprising 63% of total exports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +27.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Slovakia ($X) and Lithuania ($X) appeared to be the largest markets for grapefruit juice (single strength) exported from Hungary worldwide, with a combined 62% share of total exports. Austria, Germany, Bulgaria, Romania and Israel lagged somewhat behind, together comprising a further 35%.

In terms of the main countries of destination, Austria, with a CAGR of +27.4%, saw the highest growth rate of 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 grapefruit juice (single strength) export price stood at $X per ton in 2021, with a decrease of -14.2% against the previous year. Overall, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grapefruit juice (single strength) export price decreased by -17.0% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of 33%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Romania ($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 Israel (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grapefruit Juice (Single Strength)

Imports into Hungary

In 2021, purchases abroad of grapefruit juice (single strength) increased by 205% to X tons, rising for the third consecutive year after two years of decline. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 205% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, grapefruit juice (single strength) imports surged to $X in 2021. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 250% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, France (X tons) constituted the largest grapefruit juice (single strength) supplier to Hungary, accounting for a 69% share of total imports. Moreover, grapefruit juice (single strength) imports from France exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), threefold. The third position in this ranking was taken by Austria (X tons), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at +103.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+7.6% per year) and Austria (+4.4% per year).

In value terms, France ($X) constituted the largest supplier of grapefruit juice (single strength) to Hungary, comprising 73% of total imports. The second position in the ranking was held by Slovakia ($X), with a 21% share of total imports. It was followed by Austria, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from France stood at +95.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+10.4% per year) and Austria (+5.1% per year).

Import Prices by Country

In 2021, the average grapefruit juice (single strength) import price amounted to $X per ton, surging by 12% against the previous year. In general, import price indicated a temperate expansion 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 most prominent rate of growth was recorded in 2018 an increase of 56% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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