Hungary: Preserved Asparagus Market 2025

Preserved Asparagus Market Size in Hungary

The Hungarian preserved asparagus market rose sharply to $X in 2022, surging by 6.4% against the previous year. Over the period under review, consumption, however, recorded a slight setback. Preserved asparagus consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Preserved Asparagus Production in Hungary

In value terms, preserved asparagus production expanded notably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 49% against the previous year. Preserved asparagus production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Preserved Asparagus Exports

Exports from Hungary

In 2022, approx. X kg of preserved asparagus were exported from Hungary; waning by -91.2% on 2021. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 1,812% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved asparagus exports dropped significantly to $X in 2022. Over the period under review, exports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2015 when exports increased by 2,197% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X kg) was the main destination for preserved asparagus exports from Hungary, accounting for a 95% share of total exports. Moreover, preserved asparagus exports to Romania exceeded the volume sent to the second major destination, Austria (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Romania totaled +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (0.0% per year) and Slovakia (-41.3% per year).

In value terms, Romania ($X) emerged as the key foreign market for preserved asparagus exports from Hungary, comprising 97% of total exports. The second position in the ranking was taken by Austria ($X), with a 2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania amounted to +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (0.0% per year) and Slovakia (-36.9% per year).

Export Prices by Country

In 2022, the average preserved asparagus export price amounted to $X per ton, increasing by 92% against the previous year. In general, the export price continues to indicate a resilient expansion. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Austria ($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 (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Asparagus Imports

Imports into Hungary

In 2022, preserved asparagus imports into Hungary fell rapidly to X tons, shrinking by -55.8% against the previous year. Overall, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 206% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, preserved asparagus imports reduced remarkably to $X in 2022. In general, imports, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 205%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Austria (X tons) constituted the largest supplier of preserved asparagus to Hungary, with a 87% share of total imports. Moreover, preserved asparagus imports from Austria exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold. France (X kg) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from Austria amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-25.6% per year) and France (+115.6% per year).

In value terms, Austria ($X), Germany ($X) and France ($X) appeared to be the largest preserved asparagus suppliers to Hungary, with a combined 99% share of total imports.

In terms of the main suppliers, France, with a CAGR of +119.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average preserved asparagus import price stood at $X per ton in 2022, increasing by 21% against the previous year. Over the period under review, the import price posted a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 29% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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