Hungary: Prepared Mustard Market 2024

Prepared Mustard Market Size in Hungary

The Hungarian prepared mustard market declined notably to $X in 2021, falling by -17.8% against the previous year. In general, consumption showed a slight setback. Prepared mustard consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Prepared Mustard Production in Hungary

In value terms, prepared mustard production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 6.5%. Prepared mustard production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Prepared Mustard Exports

Exports from Hungary

In 2021, approx. X tons of prepared mustard were exported from Hungary; with an increase of 12% against the year before. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 32% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; afterwards, it flattened through to 2021.

In value terms, prepared mustard exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2019 with an increase of 67% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Romania (X tons) was the main destination for prepared mustard exports from Hungary, accounting for a 58% share of total exports. Moreover, prepared mustard exports to Romania exceeded the volume sent to the second major destination, Spain (X tons), fourfold. France (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume to Romania stood at -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+13.7% per year) and France (+359.5% per year).

In value terms, Romania ($X), Spain ($X) and France ($X) appeared to be the largest markets for prepared mustard exported from Hungary worldwide, together comprising 65% of total exports.

In terms of the main countries of destination, France, with a CAGR of +349.5%, saw the highest rates of growth with regard to 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 prepared mustard export price amounted to $X per ton, picking up by 7.2% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared mustard export price increased by +59.2% against 2015 indices. The growth pace was the most rapid in 2019 when the average export price increased by 26%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Romania ($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 Netherlands (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Hungary

In 2021, imports of prepared mustard into Hungary fell rapidly to X tons, shrinking by -41.4% against the year before. In general, imports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2014 when imports increased by 11%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, prepared mustard imports dropped dramatically to $X in 2021. Overall, imports showed a slight downturn. The most prominent rate of growth was recorded in 2014 with an increase of 15% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Romania (X tons), the Czech Republic (X tons) and Poland (X tons) were the main suppliers of prepared mustard imports to Hungary, with a combined 57% share of total imports. These countries were followed by Germany, the Netherlands, France and Austria, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +11.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Romania ($X) were the largest prepared mustard suppliers to Hungary, together comprising 55% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +7.9%, saw the highest rates of growth with regard to 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 prepared mustard import price stood at $X per ton in 2021, with an increase of 39% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for the Czech Republic ($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 (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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