Hungary: Spice Market 2025

Spice Market Size in Hungary

The Hungarian spice market totaled $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Spice Production in Hungary

In value terms, spice production expanded remarkably to $X in 2022 estimated in export price. In general, production posted buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Spice production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of spices in Hungary totaled X tons per ha, remaining stable against the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the yield increased by X% against the previous year. Over the period under review, the average spice yield reached the maximum level at X tons per ha in 2016; however, from 2017 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of spices were harvested in Hungary; flattening at the previous year's figure. In general, the harvested area, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the spice harvested area remained at a somewhat lower figure.

Spice Exports

Exports from Hungary

In 2022, after three years of growth, there was significant decline in overseas shipments of spices, when their volume decreased by X% to X tons. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, spice exports declined remarkably to $X in 2022. In general, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

Germany (X tons) was the main destination for spice exports from Hungary, accounting for a X% share of total exports. Moreover, spice exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), twofold. The third position in this ranking was taken by Romania (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Romania (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Slovakia (X% per year).

Export Prices by Country

In 2022, the average spice export price amounted to $X per ton, reducing by X% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spice export price increased by X% against 2016 indices. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then fell slightly in the following year.

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

Spice Imports

Imports into Hungary

In 2022, supplies from abroad of spices increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, spice imports rose sharply to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The Netherlands (X tons), Spain (X tons) and China (X tons) were the main suppliers of spice imports to Hungary, with a combined X% share of total imports. Germany, Slovenia, Austria, Turkey, Serbia, Slovakia, Vietnam, the Czech Republic and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and Germany ($X) constituted the largest spice suppliers to Hungary, together comprising X% of total imports. Austria, China, Serbia, Slovakia, Slovenia, Vietnam, Poland, the Czech Republic and Turkey lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Slovenia, with a CAGR of X%, 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

In 2022, the average spice import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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