Hungary: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Hungary

After two years of decline, the Hungarian market for protein concentrates and flavoured or coloured sugar syrups increased by 3% to $X in 2021. The market value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Hungary

In value terms, production of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021 estimated in export price. Overall, production saw strong growth. The growth pace was the most rapid in 2015 when the production volume increased by 109%. As a result, production attained the peak level of $X. From 2016 to 2021, production of growth remained at a lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Hungary

In 2021, shipments abroad of protein concentrates and flavoured or coloured sugar syrups increased by 64% to X tons, rising for the third year in a row after two years of decline. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 705% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups surged to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 1,780% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Poland (X tons), Germany (X tons) and the UK (X tons) were the main destinations of exports of protein concentrates and flavoured or coloured sugar syrups from Hungary, with a combined 32% share of total exports. Spain, France, Slovenia, the United Arab Emirates, Slovakia, China, the Czech Republic, Romania, Italy and Sweden lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +130.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for protein concentrate and flavoured or coloured sugar syrup exported from Hungary were Poland ($X), Germany ($X) and Spain ($X), with a combined 34% share of total exports. These countries were followed by France, the UK, Slovakia, Slovenia, Italy, the Czech Republic, the United Arab Emirates, Sweden, China and Romania, which together accounted for a further 31%.

The Czech Republic, with a CAGR of +132.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, rising by 6.2% against the previous year. Overall, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 an increase of 134% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Romania ($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 Slovenia (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Hungary

In 2021, approx. X tons of protein concentrates and flavoured or coloured sugar syrups were imported into Hungary; growing by 4.6% against the previous year. Overall, imports posted temperate growth. The pace of growth was the most pronounced in 2017 when imports increased by 45% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups reduced slightly to $X in 2021. Over the period under review, imports showed a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by 51%. Imports peaked at $X in 2020, and then shrank slightly in the following year.

Imports by Country

Slovakia (X tons), Serbia (X tons) and Germany (X tons) were the main suppliers of imports of protein concentrates and flavoured or coloured sugar syrups to Hungary, together comprising 67% of total imports. The United States, France, Austria, Poland, China, the Netherlands and Denmark lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +62.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), France ($X) and Germany ($X) constituted the largest protein concentrate and flavoured or coloured sugar syrup suppliers to Hungary, together comprising 60% of total imports.

Among the main suppliers, France, with a CAGR of +74.0%, recorded 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 import price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, which is down by -8.1% against the previous year. In general, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average import price increased by 37% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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