Hungary: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Hungary

The Hungarian market for processed cheese (excluding grated or powdered) contracted dramatically to $X in 2020, which is down by -X% against the previous year. Over the period under review, consumption recorded a pronounced contraction. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Production of Processed cheese (excluding grated or powdered) in Hungary

In value terms, production of processed cheese (excluding grated or powdered) shrank modestly to $X in 2020 estimated in export prices. In general, production saw a slight curtailment. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Production peaked at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Exports of Processed cheese (excluding grated or powdered)

Exports from Hungary

In 2020, approx. X tons of processed cheese (excluding grated or powdered) were exported from Hungary; rising by X% against the previous year. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Exports peaked at X tons in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) skyrocketed to $X in 2020. Over the period under review, exports posted a strong increase. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), Romania (X tons) and Lebanon (X tons) were the main destinations of exports of processed cheese (excluding grated or powdered) from Hungary, with a combined X% share of total exports. These countries were followed by Libya, Jordan, Serbia and Spain, which together accounted for a further X 2007 to 2020, the biggest increases were in Libya (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for processed cheese (excluding grated or powdered) exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Romania ($X), with a X% share of total exports. It was followed by Lebanon, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Italy stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Lebanon (+X% per year).

Export Prices by Country

The average export price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, growing by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Italy ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Jordan, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed cheese (excluding grated or powdered)

Imports into Hungary

Imports of processed cheese (excluding grated or powdered) into Hungary amounted to X tons in 2020, with an increase of X% compared with the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) reached $X in 2020. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Germany (X tons) constituted the largest supplier of processed cheese (excluding grated or powdered) to Hungary, accounting for a X% share of total imports. Moreover, imports of processed cheese (excluding grated or powdered) from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and the Netherlands (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of processed cheese (excluding grated or powdered) to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Austria ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2020, the average import price for processed cheese (excluding grated or powdered) amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% y-o-y. As a result, import price attained the peak level of $X per ton. From 2009 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were Slovakia ($X per ton) and the Netherlands ($X per ton), while the price for Poland ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Croatia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :