Hungary: Pesticide Market 2024

Pesticide Market Size in Hungary

In 2022, the Hungarian pesticide market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, the total consumption indicated a measured increase from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Pesticide consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Pesticide Production in Hungary

In value terms, pesticide production shrank to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2022: its value 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, production decreased by X% against 2017 indices. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Pesticide Exports

Exports from Hungary

For the fourth consecutive year, Hungary recorded growth in shipments abroad of pesticides, which increased by X% to X tons in 2022. Over the period under review, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, pesticide exports soared to $X in 2022. Overall, exports posted a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

France (X tons) was the main destination for pesticide exports from Hungary, accounting for a X% share of total exports. Moreover, pesticide exports to France exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Germany (X% per year).

In value terms, the largest markets for pesticide exported from Hungary were France ($X), Poland ($X) and Russia ($X), with a combined X% share of total exports. Germany, Spain, Ukraine, Italy, the Netherlands, Australia, Romania, Belgium, Turkey and Austria lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Turkey, with a CAGR of X%, 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 2022, the average pesticide export price amounted to $X per ton, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then declined slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Belgium ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pesticide Imports

Imports into Hungary

Pesticide imports into Hungary expanded rapidly to X tons in 2022, with an increase of X% compared with the year before. Over the period under review, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, pesticide imports rose significantly to $X in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its value 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. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of pesticide imports to Hungary, together comprising X% of total imports. Spain, the Netherlands, Poland, Italy, the UK, Israel, Austria and Denmark lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest pesticide suppliers to Hungary were France ($X), Germany ($X) and Belgium ($X), with a combined X% share of total imports. The Netherlands, Spain, Israel, the UK, Italy, Poland, Austria and Denmark lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pesticide import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price showed a perceptible slump. The pace of growth appeared the most rapid 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.

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

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

Source: IndexBox Platform

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