Hungary: Oat Market 2024

Oat Market Size in Hungary

The Hungarian oat market shrank slightly to $X in 2022, dropping by -1.7% against the previous year. Over the period under review, consumption recorded a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Oat Production in Hungary

In value terms, oat production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2019 when the production volume increased by 32%. Oat production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

In 2022, the average yield of oats in Hungary fell to X tons per ha, almost unchanged from the year before. The yield figure increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2019 when the yield increased by 23% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the average oat yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of oats were harvested in Hungary; stabilizing at 2021. In general, the harvested area, however, saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. Over the period under review, the harvested area dedicated to oat production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Oat Exports

Exports from Hungary

In 2022, overseas shipments of oats increased by 61% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports showed a temperate expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 110%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, oat exports skyrocketed to $X in 2022. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 55% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for oat exports from Hungary, accounting for a 44% share of total exports. Moreover, oat exports to Italy exceeded the volume sent to the second major destination, France (X tons), fourfold. Austria (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+26.9% per year) and Austria (+22.9% per year).

In value terms, France ($X), Germany ($X) and Italy ($X) appeared to be the largest markets for oat exported from Hungary worldwide, with a combined 73% share of total exports. Serbia, Slovakia, Austria, Romania, Bosnia and Herzegovina and Slovenia lagged somewhat behind, together comprising a further 23%.

Among the main countries of destination, Slovakia, with a CAGR of +203.1%, 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

The average oat export price stood at $X per ton in 2022, with a decrease of -6.8% against the previous year. In general, the export price, however, saw mild growth. The growth pace was the most rapid in 2016 when the average export price increased by 229% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Slovenia ($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 Slovakia (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Oat Imports

Imports into Hungary

Oat imports into Hungary surged to X tons in 2022, rising by 29% compared with the year before. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 662% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, oat imports rose to $X in 2022. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 255%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Slovakia (X tons) was the main supplier of oat to Hungary, with a 91% share of total imports. It was followed by Lithuania (X tons), with a 2.9% share of total imports. Poland (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia totaled +58.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+40.9% per year) and Poland (-0.0% per year).

In value terms, Slovakia ($X) constituted the largest supplier of oats to Hungary, comprising 56% of total imports. The second position in the ranking was taken by Poland ($X), with a 25% share of total imports. It was followed by Lithuania, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovakia stood at +54.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+32.9% per year) and Lithuania (+21.2% per year).

Import Prices by Country

The average oat import price stood at $X per ton in 2022, falling by -19% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 69%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a 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 ($X per ton), while the price for Slovakia ($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 (+33.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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