Hungary: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Hungary

In 2021, the Hungarian market for peel of citrus fruit or melons decreased by -12% to $X for the first time since 2015, thus ending a five-year rising trend. In general, consumption, however, continues to indicate a resilient increase. Citrus fruit or melons peel consumption peaked at $X in 2020, and then declined in the following year.

Production of Peel Of Citrus Fruit Or Melons in Hungary

In value terms, citrus fruit or melons peel production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, saw a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 77% against the previous year. Citrus fruit or melons peel production peaked at $X in 2020, and then fell in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports from Hungary

In 2021, overseas shipments of peel of citrus fruit or melons were finally on the rise to reach X kg after three years of decline. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of 8,867% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, citrus fruit or melons peel exports surged to $X in 2021. In general, exports, however, continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2014 with an increase of 9,938%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X kg), Romania (X kg) and Slovakia (X kg) were the main destinations of citrus fruit or melons peel exports from Hungary, together accounting for 93% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +105.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for citrus fruit or melons peel exported from Hungary were Italy ($X), Romania ($X) and Slovakia ($X), together comprising 92% of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +57.4%, saw the highest growth rate of the value of exports, 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 export price for peel of citrus fruit or melons amounted to $X per ton, rising by 8.8% against the previous year. In general, the export price continues to indicate a notable expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 252% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Poland ($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 the UK (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Peel Of Citrus Fruit Or Melons

Imports into Hungary

In 2021, supplies from abroad of peel of citrus fruit or melons increased by 30% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 459% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, citrus fruit or melons peel imports soared to $X in 2021. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2013 when imports increased by 319%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Nigeria (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of citrus fruit or melons peel imports to Hungary, with a combined 69% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +80.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Austria ($X) constituted the largest citrus fruit or melons peel suppliers to Hungary, with a combined 64% share of total imports. These countries were followed by Nigeria, the Netherlands, the Czech Republic, Albania and Italy, which together accounted for a further 35%.

Nigeria, with a CAGR of +104.0%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average import price for peel of citrus fruit or melons amounted to $X per ton, with an increase of 9% against the previous year. Overall, the import price, however, continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2016 when the average import price increased by 64%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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