Hungary: Onion And Shallot Market 2024

Onion And Shallot Market Size in Hungary

For the third consecutive year, the Hungarian onion and shallot market recorded decline in sales value, which decreased by -8.2% to $X in 2022. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -15.1% against 2019 indices. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Onion And Shallot Production in Hungary

In value terms, onion and shallot production contracted to $X in 2022 estimated in export price. In general, production showed a tangible expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 135%. Onion and shallot production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

The average yield of onions and shallots in Hungary was estimated at X tons per ha in 2022, growing by 2.2% compared with 2021. The yield figure increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the yield increased by 14% against the previous year. The onion and shallot yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the 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, the harvested area of onions and shallots in Hungary amounted to X ha, picking up by 4.6% against 2021. Overall, the harvested area, however, showed a noticeable decrease. The growth pace was the most rapid in 2014 with an increase of 22%. As a result, the harvested area reached the peak level of X ha. From 2015 to 2022, the growth of the onion and shallot harvested area remained at a lower figure.

Onion And Shallot Exports

Exports from Hungary

Onion and shallot exports from Hungary surged to X tons in 2022, growing by 65% on the previous year. Over the period under review, exports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2016 when exports increased by 102%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, onion and shallot exports surged to $X in 2022. Overall, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2016 when exports increased by 54%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for onion and shallot exports from Hungary, accounting for a 76% share of total exports. Moreover, onion and shallot exports to Romania exceeded the volume sent to the second major destination, Slovenia (X tons), tenfold. The third position in this ranking was taken by Bulgaria (X tons), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+16.0% per year) and Bulgaria (+15.6% per year).

In value terms, Romania ($X) remains the key foreign market for onions and shallots exports from Hungary, comprising 75% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 9.6% share of total exports. It was followed by Bulgaria, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania amounted to -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+17.7% per year) and Bulgaria (+21.1% per year).

Export Prices by Country

The average onion and shallot export price stood at $X per ton in 2022, with a decrease of -17.2% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, onion and shallot export price increased by +9.4% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 96% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, 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 Poland ($X per ton), while the average price for exports to Belgium ($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 Poland (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Onion And Shallot Imports

Imports into Hungary

In 2022, overseas purchases of onions and shallots decreased by -20.4% to X tons, falling for the second year in a row after nine years of growth. Over the period under review, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2015 with an increase of 47%. 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, onion and shallot imports contracted notably to $X in 2022. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 53%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Slovakia (X tons), the Netherlands (X tons) and Austria (X tons) were the main suppliers of onion and shallot imports to Hungary, with a combined 65% share of total imports. Germany, France, Spain, Serbia and Poland lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +82.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest onion and shallot suppliers to Hungary were Slovakia ($X), the Netherlands ($X) and Germany ($X), together accounting for 67% of total imports. Austria, France, Spain, Serbia and Poland lagged somewhat behind, together accounting for a further 28%.

Serbia, with a CAGR of +90.7%, recorded the highest rates of growth with regard to 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 onion and shallot import price amounted to $X per ton, rising by 6.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2019 an increase of 30%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 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 ($X per ton), while the price for Serbia ($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 (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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