Hungary: Non-Wheat Flour Market 2024

Non-Wheat Flour Market Size in Hungary

The Hungarian non-wheat flour market surged to $X in 2021, picking up by 23% against the previous year. Overall, consumption posted a resilient expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Non-Wheat Flour Production in Hungary

In value terms, non-wheat flour production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 247%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Non-Wheat Flour Exports

Exports from Hungary

After three years of growth, overseas shipments of non-wheat flours decreased by -36.2% to X tons in 2021. Overall, exports, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2020 with an increase of 66%. As a result, the exports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, non-wheat flour exports declined markedly to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 52% against the previous year. As a result, the exports reached the peak of $X, and then declined rapidly in the following year.

Exports by Country

Germany (X tons) was the main destination for non-wheat flour exports from Hungary, accounting for a 38% share of total exports. Moreover, non-wheat flour exports to Germany exceeded the volume sent to the second major destination, Romania (X tons), twofold. The third position in this ranking was taken by Slovakia (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +388.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+32.4% per year) and Slovakia (-7.8% per year).

In value terms, Germany ($X), Slovakia ($X) and Romania ($X) were the largest markets for non-wheat flour exported from Hungary worldwide, together comprising 59% of total exports.

Among the main countries of destination, Germany, with a CAGR of +355.5%, recorded the highest rates of growth with regard to the value of exports, 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 non-wheat flour export price amounted to $X per ton, growing by 31% against the previous year. Overall, the export price, however, saw a pronounced downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 Thailand (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Wheat Flour Imports

Imports into Hungary

In 2021, the amount of non-wheat flours imported into Hungary dropped slightly to X tons, approximately equating the previous year. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 when imports increased by 27% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, non-wheat flour imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 46% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

The Netherlands (X tons), Austria (X tons) and Germany (X tons) were the main suppliers of non-wheat flour imports to Hungary, together comprising 78% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +205.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Austria ($X) were the largest non-wheat flour suppliers to Hungary, together comprising 78% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +164.4%, saw 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 non-wheat flour import price stood at $X per ton in 2021, increasing by 6.8% against the previous year. In general, the import price saw resilient growth. The pace of growth was the most pronounced in 2019 an increase of 46%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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 France ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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