Hungary: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in Hungary

The Hungarian mushroom and truffle market expanded significantly to $X in 2022, with an increase of 7.2% against the previous year. Overall, consumption continues to indicate resilient growth. Mushroom and truffle consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Mushroom And Truffle Production in Hungary

In value terms, mushroom and truffle production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 53% against the previous year. Mushroom and truffle production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average yield of mushrooms and truffles in Hungary totaled less than X kg per ha, therefore, remained relatively stable against 2021. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The mushroom and truffle harvested area in Hungary was estimated at less than X ha in 2022, flattening at 2021. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Mushroom And Truffle Exports

Exports from Hungary

In 2022, overseas shipments of mushrooms and truffles decreased by -21.4% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded a mild decrease. The most prominent rate of growth was recorded in 2019 with an increase of 26% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, mushroom and truffle exports fell dramatically to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 26%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Austria (X tons) was the main destination for mushroom and truffle exports from Hungary, with a 63% share of total exports. Moreover, mushroom and truffle exports to Austria exceeded the volume sent to the second major destination, Slovakia (X tons), fivefold. Romania (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+10.2% per year) and Romania (+7.5% per year).

In value terms, Austria ($X) remains the key foreign market for mushrooms and truffles exports from Hungary, comprising 66% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 13% share of total exports. It was followed by Romania, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+12.5% per year) and Romania (+11.5% per year).

Export Prices by Country

The average mushroom and truffle export price stood at $X per ton in 2022, shrinking by -19.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 40% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($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 Romania (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Mushroom And Truffle Imports

Imports into Hungary

After four years of growth, overseas purchases of mushrooms and truffles decreased by -34.7% to X tons in 2022. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 163% against the previous year. Imports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, mushroom and truffle imports fell significantly to $X in 2022. Overall, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 269%. Imports peaked at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, Poland (X tons) was the main mushroom and truffle supplier to Hungary, with a 97% share of total imports. It was followed by Romania (X tons), with a 2.1% share of total imports. The third position in this ranking was held by the Netherlands (X tons), with a 0.4% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +29.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-24.4% per year) and the Netherlands (-19.7% per year).

In value terms, Poland ($X) constituted the largest supplier of mushrooms and truffles to Hungary, comprising 90% of total imports. The second position in the ranking was held by Romania ($X), with a 2.9% share of total imports. It was followed by the Netherlands, with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-19.4% per year) and the Netherlands (-0.1% per year).

Import Prices by Country

In 2022, the average mushroom and truffle import price amounted to $X per ton, waning by -31.5% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mushroom and truffle import price increased by +1.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 48% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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