Hungary: Potato Starch Market 2024

Potato Starch Market Size in Hungary

In 2021, after three years of decline, there was significant growth in the Hungarian potato starch market, when its value increased by 18% to $X. In general, consumption recorded a relatively flat trend pattern. Potato starch consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Potato Starch Production in Hungary

In value terms, potato starch production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -41.5% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of 44% against the previous year. Potato starch production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Potato Starch Exports

Exports from Hungary

In 2021, potato starch exports from Hungary declined remarkably to X tons, falling by -62.4% against the previous year's figure. In general, exports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2016 with an increase of 173%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, potato starch exports declined significantly to $X in 2021. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 199%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

North Macedonia (X tons) was the main destination for potato starch exports from Hungary, accounting for a 69% share of total exports. Moreover, potato starch exports to North Macedonia exceeded the volume sent to the second major destination, Slovakia (X tons), threefold. The third position in this ranking was taken by Russia (X tons), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to North Macedonia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-12.8% per year) and Russia (+105.4% per year).

In value terms, North Macedonia ($X) emerged as the key foreign market for potato starch exports from Hungary, comprising 63% of total exports. The second position in the ranking was held by Slovakia ($X), with a 20% share of total exports. It was followed by Russia, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to North Macedonia amounted to +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-15.7% per year) and Russia (+105.1% per year).

Export Prices by Country

In 2021, the average potato starch export price amounted to $X per ton, which is down by -1.6% against the previous year. In general, the export price, however, continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Slovenia ($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 Serbia (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Starch Imports

Imports into Hungary

In 2021, overseas purchases of potato starch were finally on the rise to reach X tons after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 33%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, potato starch imports amounted to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 53%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Austria (X tons) and Poland (X tons) were the main suppliers of potato starch imports to Hungary, with a combined 64% share of total imports. The Czech Republic, the Netherlands, France and Slovakia lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +23.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of potato starch to Hungary, comprising 40% of total imports. The second position in the ranking was held by Austria ($X), with a 15% share of total imports. It was followed by Poland, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+1.2% per year) and Poland (+4.6% per year).

Import Prices by Country

In 2021, the average potato starch import price amounted to $X per ton, with a decrease of -12.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 15% against the previous year. The import price peaked at $X per ton in 2020, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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