Hungary: Maize Bran Market 2024

Maize Bran Market Size in Hungary

The Hungarian maize bran market rose rapidly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Maize Bran Production in Hungary

In value terms, maize bran production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a mild setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Maize bran production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Maize Bran Exports

Exports from Hungary

In 2022, after two years of decline, there was growth in overseas shipments of maize bran, when their volume increased by X% to X tons. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, maize bran exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Slovenia (X tons), Italy (X tons) and Slovakia (X tons) were the main destinations of maize bran exports from Hungary, with a combined X% share of total exports. Romania, Poland, Germany and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X.0%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for maize bran exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Slovenia ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Romania (X% per year).

Export Prices by Country

The average maize bran export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% 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.

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 Austria ($X per ton), while the average price for exports to Slovakia ($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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Bran Imports

Imports into Hungary

Maize bran imports into Hungary skyrocketed to X tons in 2022, with an increase of X% on 2021. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, maize bran imports skyrocketed to $X in 2022. In general, imports recorded a significant increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Romania (X tons) constituted the largest maize bran supplier to Hungary, with a X% share of total imports. Moreover, maize bran imports from Romania exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. The third position in this ranking was held by Slovakia (X tons), with a X% share.

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

In value terms, the largest maize bran suppliers to Hungary were Romania ($X), Poland ($X) and Slovakia ($X), with a combined X% share of total imports.

Among the main suppliers, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average maize bran import price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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