Hungary: Peach And Nectarine Market 2024

Peach And Nectarine Market Size in Hungary

The Hungarian peach and nectarine market skyrocketed to $X in 2021, surging by 44% against the previous year. Overall, consumption continues to indicate a temperate increase. Peach and nectarine consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Peach And Nectarine Production in Hungary

In value terms, peach and nectarine production soared to $X in 2021 estimated in export price. Overall, production recorded slight growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 206% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

The average yield of peaches and nectarines in Hungary skyrocketed to X tons per ha in 2021, picking up by 49% compared with 2020. Overall, the yield recorded a prominent increase. The pace of growth appeared the most rapid in 2013 when the yield increased by 176% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2021, the growth of the average peach and nectarine yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of peaches and nectarines were harvested in Hungary; increasing by 11% compared with the previous year's figure. In general, the harvested area, however, recorded a perceptible contraction. The peach and nectarine harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Peach And Nectarine Exports

Exports from Hungary

In 2021, overseas shipments of peaches and nectarines decreased by -54.3% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 649% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, peach and nectarine exports declined significantly to $X in 2021. In general, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 766%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons), Austria (X tons) and Switzerland (X tons) were the main destinations of peach and nectarine exports from Hungary, with a combined 78% share of total exports.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +148.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Switzerland ($X) and Austria ($X) appeared to be the largest markets for peach and nectarine exported from Hungary worldwide, together accounting for 78% of total exports. These countries were followed by Slovakia, Romania and Ukraine, which together accounted for a further 20%.

Slovakia, with a CAGR of +139.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 peach and nectarine export price amounted to $X per ton, rising by 42% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, peach and nectarine export price increased by +73.1% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 53%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per ton), while the average price for exports to Ukraine ($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 Poland (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.

Peach And Nectarine Imports

Imports into Hungary

In 2021, peach and nectarine imports into Hungary surged to X tons, jumping by 17% on 2020 figures. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of 48% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, peach and nectarine imports soared to $X in 2021. In general, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest peach and nectarine supplier to Hungary, with a 68% share of total imports. Moreover, peach and nectarine imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. Portugal (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.1% per year) and Portugal (0.0% per year).

In value terms, Spain ($X) constituted the largest supplier of peach and nectarine to Hungary, comprising 69% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports. It was followed by Portugal, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.0% per year) and Portugal (0.0% per year).

Import Prices by Country

In 2021, the average peach and nectarine import price amounted to $X per ton, growing by 14% against the previous year. In general, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, peach and nectarine import price increased by +65.4% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by 45% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :