Hungary: Mixes And Doughs Market 2024

Mixes And Doughs Market Size in Hungary

In 2022, after two years of decline, there was growth in the Hungarian mixes and doughs market, when its value increased by 1.3% to $X. In general, consumption saw a abrupt contraction. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Mixes And Doughs Production in Hungary

In value terms, mixes and doughs production skyrocketed to $X in 2022 estimated in export price. Overall, production posted resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 126% against the previous year. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in the near future.

Mixes And Doughs Exports

Exports from Hungary

In 2022, mixes and doughs exports from Hungary surged to X tons, rising by 28% against the year before. In general, exports showed a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 31% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, mixes and doughs exports surged to $X in 2022. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 49%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Austria (X tons) was the main destination for mixes and doughs exports from Hungary, accounting for a 61% share of total exports. Moreover, mixes and doughs exports to Austria exceeded the volume sent to the second major destination, Romania (X tons), sixfold. Slovakia (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria stood at +66.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+17.0% per year) and Slovakia (+3.5% per year).

In value terms, Austria ($X) remains the key foreign market for mixes and doughs exports from Hungary, comprising 54% of total exports. The second position in the ranking was held by Romania ($X), with a 12% share of total exports. It was followed by Slovakia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Austria amounted to +53.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+16.5% per year) and Slovakia (+5.9% per year).

Export Prices by Country

In 2022, the average mixes and doughs export price amounted to $X per ton, waning by -6.6% against the previous year. Overall, the export price saw a slight shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 13% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Austria ($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 the Czech Republic (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Mixes And Doughs Imports

Imports into Hungary

Mixes and doughs imports into Hungary was estimated at X tons in 2022, growing by 15% compared with the previous year. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 44%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, mixes and doughs imports skyrocketed to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +10.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.9% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Romania (X tons), Austria (X tons) and Germany (X tons) were the main suppliers of mixes and doughs imports to Hungary, with a combined 71% share of total imports. Poland, France, Slovakia, Belgium and the Czech Republic lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +52.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mixes and doughs suppliers to Hungary were Romania ($X), Austria ($X) and Germany ($X), together accounting for 68% of total imports. Poland, France, Belgium, Slovakia and the Czech Republic lagged somewhat behind, together comprising a further 24%.

Slovakia, with a CAGR of +53.8%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the average mixes and doughs import price amounted to $X per ton, surging by 1.9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 7.5% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood 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 Belgium ($X per ton), while the price for Romania ($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 (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :