Hungary: Prepared Drier Market 2024

Prepared Drier Market Size in Hungary

In 2022, the Hungarian prepared drier market decreased by X% to $X, falling for the second year in a row after three years of growth. In general, consumption saw a abrupt setback. Prepared drier consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Prepared Drier Exports

Exports from Hungary

In 2022, overseas shipments of prepared driers decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a measured increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then contracted dramatically in the following year.

In value terms, prepared drier exports reduced dramatically to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Croatia (X kg) was the main destination for prepared drier exports from Hungary, with a X% share of total exports. Moreover, prepared drier exports to Croatia exceeded the volume sent to the second major destination, Slovenia (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Croatia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Slovakia (X% per year).

In value terms, Croatia ($X) remains the key foreign market for prepared driers exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Slovenia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Croatia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Slovakia (X% per year).

Export Prices by Country

In 2022, the average prepared drier export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced reduction. The growth pace was the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Croatia ($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 Slovakia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Prepared Drier Imports

Imports into Hungary

In 2022, overseas purchases of prepared driers decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports faced a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, prepared drier imports shrank remarkably to $X in 2022. Overall, imports showed a deep contraction. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of prepared drier to Hungary, with a X% share of total imports. Moreover, prepared drier imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of prepared driers to Hungary, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Germany (X% per year).

Import Prices by Country

The average prepared drier import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price 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 pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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