Hungary: Olive Market 2025

Olive Market Size in Hungary

The Hungarian olive market shrank markedly to $X in 2022, waning by -80.6% against the previous year. Over the period under review, consumption saw a perceptible decrease. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Olive Production in Hungary

In value terms, olive production rose modestly to $X in 2022 estimated in export price. Overall, production, however, recorded mild growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 44%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

The average yield of olives in Hungary was estimated at less than X kg per ha in 2022, approximately equating 2021. Over the period under review, the yield saw 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 olive harvested area in Hungary stood at less than X ha in 2022, leveling off at 2021 figures. In general, the harvested area saw a relatively flat trend pattern.

Olive Exports

Exports from Hungary

In 2022, overseas shipments of olives decreased by -75.7% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 26,400% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, olive exports shrank dramatically to $X in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 36,425% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Austria (X tons) and Slovakia (X tons) were the main destinations of olive exports from Hungary.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +33.5%).

In value terms, Austria ($X) emerged as the key foreign market for olives exports from Hungary, comprising 81% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria was relatively modest.

Export Prices by Country

In 2022, the average olive export price amounted to $X per ton, with an increase of 52% against the previous year. Overall, the export price enjoyed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Slovakia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+2.6%), while the prices for the other major destinations experienced a decline.

Olive Imports

Imports into Hungary

In 2022, purchases abroad of olives decreased by -89.7% to X tons, falling for the second year in a row after five years of growth. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,917% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, olive imports reduced notably to $X in 2022. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2019 when imports increased by 1,883% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Austria (X tons) and Greece (X tons) were the main suppliers of olive imports to Hungary.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +22.6%).

In value terms, Greece ($X) and Austria ($X) constituted the largest olive suppliers to Hungary.

Austria, with a CAGR of +16.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average olive import price stood at $X per ton in 2022, jumping by 63% against the previous year. Overall, the import price, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2019 when the average import price increased by 97% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 Greece ($X per ton), while the price for Austria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+19.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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