Hungary: Groundnuts Market 2025

Groundnuts Market Size in Hungary

The Hungarian groundnuts market shrank sharply to $X in 2022, which is down by -21.1% against the previous year. Over the period under review, consumption recorded a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Groundnuts Production in Hungary

In value terms, groundnuts production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight decline. The growth pace was the most rapid in 2013 with an increase of 186%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of ground-nut (in-shell) in Hungary was estimated at X kg per ha, remaining stable against the previous year. In general, the yield, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2015 when the yield increased by 10%. Over the period under review, the average groundnuts yield attained the maximum level at X tons per ha in 2012; however, from 2013 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 total area harvested in terms of ground-nut (in-shell) production in Hungary stood at X ha, standing approx. at the previous year. Over the period under review, the total harvested area indicated a resilient increase from 2012 to 2022: its figure increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, groundnuts harvested area increased by +60.0% against 2016 indices. The growth pace was the most rapid in 2013 when the harvested area increased by 50% against the previous year. The groundnuts harvested area peaked in 2022 and is likely to see steady growth in the near future.

Groundnuts Exports

Exports from Hungary

In 2022, the amount of ground-nut (in-shell) exported from Hungary soared to X kg, surging by 946% compared with 2021. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 633,233% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, groundnuts exports soared to $X in 2022. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2015 with an increase of 300,430%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X kg) was the main destination for groundnuts exports from Hungary, with a approx. 99% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Romania totaled +62.1%.

In value terms, Romania ($X) also remains the key foreign market for ground-nut (in-shell) exports from Hungary.

From 2013 to 2022, the average annual growth rate of value to Romania amounted to +41.9%.

Export Prices by Country

The average groundnuts export price stood at $X per ton in 2022, falling by -34.2% against the previous year. Over the period under review, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 138% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Romania.

From 2013 to 2022, the rate of growth in terms of prices for Romania amounted to -12.4% per year.

Groundnuts Imports

Imports into Hungary

Groundnuts imports into Hungary dropped markedly to X tons in 2022, which is down by -17.8% on the previous year's figure. Overall, imports saw a deep slump. The growth pace was the most rapid in 2015 when imports increased by 16%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, groundnuts imports shrank notably to $X in 2022. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 26% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Egypt (X tons) and the Netherlands (X tons) were the main suppliers of groundnuts imports to Hungary, together accounting for 81% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +82.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Egypt ($X), Turkey ($X) and the Netherlands ($X) appeared to be the largest groundnuts suppliers to Hungary, together comprising 78% of total imports.

Turkey, with a CAGR of +76.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average groundnuts import price stood at $X per ton in 2022, reducing by -5.3% against the previous year. Over the period under review, the import price, however, continues to indicate modest growth. The growth pace was the most rapid in 2021 an increase of 25% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per ton) and the Netherlands ($X per ton), while the price for Turkey ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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