Hungary: Green Peas Market 2024

Green Peas Market Size in Hungary

The Hungarian green peas market rose modestly to $X in 2022, growing by 3.1% against the previous year. In general, consumption, however, continues to indicate a slight setback. Green peas consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Green Peas Production in Hungary

In value terms, green peas production amounted to $X in 2022 estimated in export price. In general, production, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2014 with an increase of 60% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

The average yield of peas (green) in Hungary declined to X tons per ha in 2022, flattening at 2021. Overall, the yield showed a mild contraction. The most prominent rate of growth was recorded in 2019 with an increase of 15% against the previous year. The green peas yield peaked at X tons per ha in 2012; however, from 2013 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 total area harvested in terms of peas (green) production in Hungary reached X ha, growing by 2.3% against 2021 figures. In general, the total harvested area indicated mild growth from 2012 to 2022: its figure increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, green peas harvested area decreased by -23.0% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the harvested area increased by 26% against the previous year. Over the period under review, the harvested area dedicated to green peas production reached the peak figure at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

Green Peas Exports

Exports from Hungary

In 2022, overseas shipments of peas (green) increased by 95% to X tons, rising for the second year in a row after three years of decline. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 307% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, green peas exports surged to $X in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 238% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Austria (X tons) was the main destination for green peas exports from Hungary, accounting for a 65% share of total exports. Moreover, green peas exports to Austria exceeded the volume sent to the second major destination, Italy (X tons), fivefold. Germany (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria totaled +53.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+10.2% per year) and Germany (+7.6% per year).

In value terms, Austria ($X) remains the key foreign market for peas (green) exports from Hungary, comprising 71% of total exports. The second position in the ranking was held by Italy ($X), with a 9.5% share of total exports. It was followed by Germany, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to Austria amounted to +53.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+15.1% per year) and Germany (+9.3% per year).

Export Prices by Country

In 2022, the average green peas export price amounted to $X per ton, growing by 7.7% against the previous year. Overall, the export price, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2018 an increase of 18%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Italy ($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 Italy (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Green Peas Imports

Imports into Hungary

In 2022, supplies from abroad of peas (green) increased by 194% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 719%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, green peas imports surged to $X in 2022. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 331%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Slovakia (X tons) was the main supplier of green peas to Hungary, accounting for a 96% share of total imports. It was followed by Romania (X tons), with a 2.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia totaled +82.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+19.2% per year) and the Czech Republic (+21.7% per year).

In value terms, Slovakia ($X) constituted the largest supplier of peas (green) to Hungary, comprising 91% of total imports. The second position in the ranking was held by Romania ($X), with a 3.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovakia amounted to +68.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+22.4% per year) and the Czech Republic (+19.0% per year).

Import Prices by Country

The average green peas import price stood at $X per ton in 2022, rising by 13% against the previous year. Over the period under review, the import price, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 69% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+33.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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