Hungary: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2024

Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Hungary

The Hungarian fruit or nut preserves market skyrocketed to $X in 2021, growing by 40% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Hungary

In value terms, fruit or nut preserves production rose markedly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced curtailment. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Exports from Hungary

In 2021, the amount of jams, marmalades, fruit jellies, fruit or nut purees and pastes exported from Hungary reduced rapidly to X tons, declining by -63.3% compared with 2020. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 24% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, fruit or nut preserves exports shrank sharply to $X in 2021. In general, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 38%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Austria (X tons), Germany (X tons) and Romania (X tons) were the main destinations of fruit or nut preserves exports from Hungary, with a combined 58% share of total exports. Slovakia, the Czech Republic, Serbia, Switzerland, Croatia, Slovenia, the United States and Sweden lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +34.2%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) emerged as the key foreign market for jams, marmalades, fruit jellies, fruit or nut purees and pastes exports from Hungary, comprising 27% of total exports. The second position in the ranking was held by Slovakia ($X), with a 13% share of total exports. It was followed by Romania, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Austria amounted to -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+3.8% per year) and Romania (+9.6% per year).

Export Prices by Country

The average fruit or nut preserves export price stood at $X per ton in 2021, with an increase of 86% against the previous year. In general, the export price enjoyed a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Germany ($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 Sweden (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Imports into Hungary

In 2021, imports of jams, marmalades, fruit jellies, fruit or nut purees and pastes into Hungary was estimated at X tons, increasing by 15% on the previous year. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 22% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, fruit or nut preserves imports surged to $X in 2021. In general, imports saw a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 25%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of fruit or nut preserves imports to Hungary, together comprising 51% of total imports. These countries were followed by Serbia, Austria, the Netherlands, Greece, Turkey, Romania, Sweden, Spain, Italy and Belgium, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +40.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Austria ($X) appeared to be the largest fruit or nut preserves suppliers to Hungary, with a combined 49% share of total imports. Poland, Sweden, Belgium, Italy, Serbia, Romania, the Netherlands, Turkey, Greece and Spain lagged somewhat behind, together comprising a further 44%.

Belgium, with a CAGR of +40.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average fruit or nut preserves import price amounted to $X per ton, with an increase of 3.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 9.6%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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 Belgium ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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