Hungary: Quince Market 2024

Quince Market Size in Hungary

The Hungarian quince market expanded notably to $X in 2022, with an increase of 6.1% against the previous year. Overall, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Quince Production in Hungary

In value terms, quince production rose markedly to $X in 2022 estimated in export price. In general, production recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 109% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of quinces in Hungary rose to X tons per ha in 2022, with an increase of 3% against 2021. Over the period under review, the yield posted a resilient increase. The pace of growth was the most pronounced in 2017 when the yield increased by 58% against the previous year. The quince yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of quinces production in Hungary amounted to X ha, therefore, remained relatively stable against 2021 figures. The harvested area increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2015 when the harvested area increased by 5.9% against the previous year. Over the period under review, the harvested area dedicated to quince production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Quince Exports

Exports from Hungary

For the third consecutive year, Hungary recorded growth in overseas shipments of quinces, which increased by 279% to X tons in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, quince exports skyrocketed to $X in 2022. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 171%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for quince exports from Hungary, accounting for a 96% share of total exports. Moreover, quince exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +50.5%.

In value terms, Germany ($X) remains the key foreign market for quinces exports from Hungary, comprising 87% of total exports. The second position in the ranking was held by Austria ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +34.9%.

Export Prices by Country

The average quince export price stood at $X per ton in 2022, falling by -34.2% against the previous year. In general, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 26%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Germany amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+8.3%).

Quince Imports

Imports into Hungary

In 2022, overseas purchases of quinces decreased by -40.3% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 1,343% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, quince imports shrank notably to $X in 2022. In general, imports showed a deep reduction. The pace of growth was the most pronounced in 2020 when imports increased by 1,254% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest quince supplier to Hungary, with a 70% share of total imports. Moreover, quince imports from Spain exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +19.0%.

In value terms, Spain ($X) constituted the largest supplier of quinces to Hungary, comprising 66% of total imports. The second position in the ranking was held by Bulgaria ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +14.4%.

Import Prices by Country

In 2022, the average quince import price amounted to $X per ton, waning by -24.1% against the previous year. Overall, the import price saw a pronounced downturn. The pace of growth was the most pronounced in 2017 an increase of 67% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for Spain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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