Hungary: Pimenta Pepper Market 2024

Pimenta Pepper Market Size in Hungary

The Hungarian pimenta pepper market reached $X in 2022, picking up by 3.5% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Pimenta Pepper Production in Hungary

In value terms, pimenta pepper production expanded to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 57%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of pimenta pepper in Hungary stood at X tons per ha, remaining constant against the previous year's figure. In general, the yield indicated a noticeable increase from 2012 to 2022: its figure increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pimenta pepper yield decreased by -1.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the yield increased by 41% against the previous year. Over the period under review, the average pimenta pepper yield reached the peak level at X tons per ha in 2020; however, from 2021 to 2022, the yield remained at a lower figure. 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 pimenta pepper production in Hungary contracted slightly to X ha, approximately mirroring the previous year's figure. In general, the harvested area recorded a pronounced descent. The most prominent rate of growth was recorded in 2014 when the harvested area increased by 9.7% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2015 to 2022, the growth of the pimenta pepper harvested area failed to regain momentum.

Pimenta Pepper Exports

Exports from Hungary

In 2022, after four years of growth, there was significant decline in shipments abroad of pimenta pepper, when their volume decreased by -16.1% to X tons. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 12%. The exports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, pimenta pepper exports contracted to $X in 2022. The total export value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Germany (X tons), Slovakia (X tons) and the Czech Republic (X tons) were the main destinations of pimenta pepper exports from Hungary, together comprising 58% of total exports. Romania, the United States, Croatia, Austria, France, the Netherlands, Poland, Serbia, Spain and Italy lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +39.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for pimenta pepper exports from Hungary, comprising 34% of total exports. The second position in the ranking was held by Slovakia ($X), with a 14% share of total exports. It was followed by the Czech Republic, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-0.3% per year) and the Czech Republic (+3.0% per year).

Export Prices by Country

The average pimenta pepper export price stood at $X per ton in 2022, surging by 4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2021 an increase of 8.7%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($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 Poland (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pimenta Pepper Imports

Imports into Hungary

In 2022, imports of pimenta pepper into Hungary reduced to X tons, with a decrease of -2.6% on the previous year. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 35% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, pimenta pepper imports stood at $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.8% against 2016 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 28%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), China (X tons) and Slovenia (X tons) were the main suppliers of pimenta pepper imports to Hungary, with a combined 73% share of total imports. The Netherlands, Serbia, Slovakia and Germany lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +24.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of pimenta pepper to Hungary, comprising 38% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by Serbia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.7% per year) and Serbia (+3.1% per year).

Import Prices by Country

The average pimenta pepper import price stood at $X per ton in 2022, with an increase of 10% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2019 when the average import price increased by 10% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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