Hungary: Lentil Market 2024

Lentil Market Size in Hungary

The Hungarian lentil market skyrocketed to $X in 2022, growing by 53% against the previous year. Over the period under review, consumption posted prominent growth. Lentil consumption peaked in 2022 and is likely to see gradual growth in the near future.

Lentil Production in Hungary

In value terms, lentil production totaled $X in 2022 estimated in export price. In general, production, however, posted a moderate increase. The pace of growth appeared the most rapid in 2015 with an increase of 1,460% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

In 2022, the average lentil yield in Hungary rose modestly to X kg per ha, with an increase of 2.3% on 2021 figures. In general, the yield, however, continues to indicate a slight decline. The growth pace was the most rapid in 2015 with an increase of 1,033%. The lentil yield peaked at X kg per ha in 2017; however, from 2018 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 harvested area of lentils in Hungary fell slightly to X ha, with a decrease of -4.2% against the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 100%. Over the period under review, the harvested area dedicated to lentil production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Lentil Exports

Exports from Hungary

In 2022, approx. X tons of lentils were exported from Hungary; with a decrease of -13.6% on the previous year's figure. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2014 when exports increased by 367% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, lentil exports fell to $X in 2022. Overall, exports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 325% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Romania (X tons), Croatia (X tons) and Ukraine (X tons) were the main destinations of lentil exports from Hungary, together accounting for 47% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +109.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lentil exported from Hungary were Croatia ($X), Romania ($X) and Slovakia ($X), together accounting for 44% of total exports. Slovenia, the Czech Republic, Serbia, Ukraine, Bosnia and Herzegovina and the Netherlands lagged somewhat behind, together accounting for a further 46%.

Ukraine, with a CAGR of +122.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average lentil export price amounted to $X per ton, declining by -1.5% against the previous year. Overall, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Romania ($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 Poland (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lentil Imports

Imports into Hungary

In 2022, approx. X tons of lentils were imported into Hungary; picking up by 42% on the previous year's figure. In general, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.2% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 45% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, lentil imports soared to $X in 2022. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 68% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest lentil supplier to Hungary, accounting for a 47% share of total imports. Moreover, lentil imports from Canada exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), fourfold. The third position in this ranking was taken by Poland (X tons), with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+3.2% per year) and Poland (+148.8% per year).

In value terms, Canada ($X) constituted the largest supplier of lentils to Hungary, comprising 43% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 12% share of total imports. It was followed by Poland, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+7.2% per year) and Poland (+154.1% per year).

Import Prices by Country

The average lentil import price stood at $X per ton in 2022, surging by 6.8% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lentil import price increased by +91.5% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 51% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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