Hungary: Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size in Hungary

In 2022, the Hungarian grape wine spirits market increased by 48% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a perceptible setback. Grape wine spirits consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Grape Wine Spirits Production in Hungary

In value terms, grape wine spirits production surged to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 104%. Grape wine spirits production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Grape Wine Spirits Exports

Exports from Hungary

In 2022, grape wine spirits exports from Hungary reduced rapidly to X litres, shrinking by -88.4% against the previous year's figure. Over the period under review, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 119%. Over the period under review, the exports attained the peak figure at X litres in 2021, and then fell dramatically in the following year.

In value terms, grape wine spirits exports shrank rapidly to $X in 2022. In general, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 117% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia (X litres) and Austria (X litres) were the main destinations of grape wine spirits exports from Hungary.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +1.0%).

In value terms, Austria ($X) and Slovakia ($X) constituted the largest markets for grape wine spirits exported from Hungary worldwide.

Austria, with a CAGR of -2.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average grape wine spirits export price amounted to $X per litre, with an increase of 31% against the previous year. Overall, the export price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2018 an increase of 33%. The export price peaked at $X per litre in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per litre), while the average price for exports to Slovakia amounted to $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+39.7%), while the prices for the other major destinations experienced a decline.

Grape Wine Spirits Imports

Imports into Hungary

In 2022, approx. X litres of spirits obtained from distilled grape wine or grape marc were imported into Hungary; growing by 4.5% on 2021 figures. In general, imports, however, continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 61% against the previous year. Imports peaked at X litres in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, grape wine spirits imports dropped to $X in 2022. Overall, imports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 41% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

France (X litres), Germany (X litres) and Austria (X litres) were the main suppliers of grape wine spirits imports to Hungary, with a combined 94% share of total imports. Armenia and Italy lagged somewhat behind, together accounting for a further 4.3%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Armenia (with a CAGR of +6.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of spirits obtained from distilled grape wine or grape marc to Hungary, comprising 66% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by Austria, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.6% per year) and Austria (-1.6% per year).

Import Prices by Country

In 2022, the average grape wine spirits import price amounted to $X per litre, falling by -15.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 9.9% against the previous year. Over the period under review, average import prices hit record highs at $X per litre in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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