Hungary: Maltodextrine Market 2024

Maltodextrine Market Size in Hungary

The Hungarian maltodextrine market surged to $X in 2021, increasing by 25% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +9.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.8% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Maltodextrine Exports

Exports from Hungary

In 2021, overseas shipments of maltodextrine and maltodextine syrup decreased by -5.9% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 102% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, maltodextrine exports fell to $X in 2021. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 70% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Slovakia (X tons) and Romania (X tons) were the main destinations of maltodextrine exports from Hungary, together accounting for 53% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +164.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Slovakia ($X) and Romania ($X) appeared to be the largest markets for maltodextrine exported from Hungary worldwide, with a combined 38% share of total exports. France, Bulgaria, Germany, Slovenia, Croatia and Austria lagged somewhat behind, together accounting for a further 26%.

France, with a CAGR of +125.0%, saw the highest rates of growth with regard to the value of exports, among 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 2021, the average maltodextrine export price amounted to $X per ton, increasing by 1.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 35%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Austria ($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 Croatia (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Maltodextrine Imports

Imports into Hungary

Maltodextrine imports into Hungary soared to X tons in 2021, rising by 27% on the previous year's figure. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 29%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, maltodextrine imports skyrocketed to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +119.9% against 2012 indices. The growth pace was the most rapid in 2013 when imports increased by 29%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main suppliers of maltodextrine imports to Hungary, together comprising 49% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +182.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest maltodextrine suppliers to Hungary were Belgium ($X), the Netherlands ($X) and Germany ($X), with a combined 52% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +162.3%, recorded the highest growth rate of 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 maltodextrine import price stood at $X per ton in 2021, shrinking by -5.1% against the previous year. Over the period under review, the import price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2019 an increase of 5.5% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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