Hungary: Grape Market 2024

Grape Market Size in Hungary

The Hungarian grape market contracted modestly to $X in 2022, falling by -2.7% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Grape consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Grape Production in Hungary

In value terms, grape production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by 25%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

In 2022, the average yield of grapes in Hungary declined to X tons per ha, approximately mirroring 2021 figures. The yield figure increased at an average annual rate of +4.1% 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 2013 when the yield increased by 32% against the previous year. Over the period under review, the average grape yield hit record highs at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a 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, approx. X ha of grapes were harvested in Hungary; almost unchanged from the year before. Overall, the harvested area, however, showed a noticeable slump. The pace of growth was the most pronounced in 2015 when the harvested area increased by 2.1%. The grape harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Grape Exports

Exports from Hungary

Grape exports from Hungary contracted significantly to X tons in 2022, which is down by -15.9% on the previous year. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 358% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, grape exports soared to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2013 with an increase of 343%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Slovakia (X tons), Austria (X tons) and Germany (X tons) were the main destinations of grape exports from Hungary, with a combined 71% share of total exports. Romania, the Czech Republic, Croatia, Italy and Ukraine lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +203.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) emerged as the key foreign market for grapes exports from Hungary, comprising 45% of total exports. The second position in the ranking was taken by Austria ($X), with a 12% share of total exports. It was followed by Slovakia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania stood at +55.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+52.6% per year) and Slovakia (+28.5% per year).

Export Prices by Country

In 2022, the average grape export price amounted to $X per ton, rising by 74% against the previous year. Overall, the export price continues to indicate a temperate expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Romania ($X per ton), while the average price for exports to Slovakia ($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 Croatia (+12.2%), while the prices for the other major destinations experienced mixed trend patterns.

Grape Imports

Imports into Hungary

Grape imports into Hungary fell slightly to X tons in 2022, dropping by -2.8% against 2021. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 58% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, grape imports reduced slightly to $X in 2022. Over the period under review, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 40% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

Germany (X tons), Italy (X tons) and Slovakia (X tons) were the main suppliers of grape imports to Hungary, with a combined 83% share of total imports. Austria, Spain, the Netherlands and Egypt lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +80.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of grapes to Hungary, comprising 50% of total imports. The second position in the ranking was held by Italy ($X), with a 23% share of total imports. It was followed by Slovakia, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.5% per year) and Slovakia (+27.4% per year).

Import Prices by Country

The average grape import price stood at $X per ton in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2017 when the average import price increased by 40% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, 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 the Netherlands ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :