Hungary: Root And Tuber Market 2024

Root And Tuber Market Size in Hungary

The Hungarian root and tuber market reduced to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable setback. Root and tuber consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Root And Tuber Production in Hungary

In value terms, root and tuber production declined to $X in 2022 estimated in export price. In general, production, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Root and tuber production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average root and tuber yield in Hungary fell slightly to X tons per ha, waning by X% compared with the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the average root and tuber yield hit record highs at X tons per ha in 2021, and then declined slightly in the following year. 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 roots and tubers were harvested in Hungary; with an increase of X% compared with the year before. Over the period under review, the harvested area, however, saw a deep reduction. The root and tuber harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Root And Tuber Exports

Exports from Hungary

In 2022, overseas shipments of roots and tubers decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, root and tuber exports fell to $X in 2022. In general, exports, however, enjoyed a perceptible expansion. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X tons), the Czech Republic (X tons) and Ukraine (X tons) were the main destinations of root and tuber exports from Hungary, together comprising X% of total exports. Croatia, Serbia, Kosovo, Slovakia, North Macedonia and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) remains the key foreign market for roots and tubers exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total exports. It was followed by the Czech Republic, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price enjoyed a noticeable expansion. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to North Macedonia ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Root And Tuber Imports

Imports into Hungary

In 2022, overseas purchases of roots and tubers increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw strong growth. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, root and tuber imports reached $X in 2022. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, France (X tons) constituted the largest root and tuber supplier to Hungary, with a X% share of total imports. Moreover, root and tuber imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Slovakia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Slovakia (X% per year).

In value terms, France ($X) constituted the largest supplier of roots and tubers to Hungary, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Slovakia (X% per year).

Import Prices by Country

The average root and tuber import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, root and tuber import price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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