Hungary: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Hungary

In 2021, after five years of growth, there was decline in the Hungarian market for starch other than wheat, corn or potato, when its value decreased by -X% to $X. Over the period under review, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2014 indices. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Production of Starch other than Wheat, Corn or Potato in Hungary

In value terms, production of starch other than wheat, corn or potato reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Production of peaked at $X in 2020, and then declined in the following year.

Exports of Starch other than Wheat, Corn or Potato

Exports from Hungary

For the third consecutive year, Hungary recorded growth in shipments abroad of starch other than wheat, corn or potato, which increased by X% to X tons in 2021. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of starch other than wheat, corn or potato skyrocketed to $X in 2021. In general, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Austria (X tons) was the main destination for exports of starch other than wheat, corn or potato from Hungary, with a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to Austria exceeded the volume sent to the second major destination, Italy (X tons), fourfold. The third position in this ranking was held by Slovenia (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Austria stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Slovenia (+X% per year).

In value terms, Austria ($X) remains the key foreign market for starch other than wheat, corn or potato exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with an X% share of total exports. It was followed by Slovenia, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Slovenia (+X% per year).

Export Prices by Country

In 2021, the average export price for starch other than wheat, corn or potato amounted to $X per ton, shrinking by -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

Imports of Starch other than Wheat, Corn or Potato

Imports into Hungary

Imports of starch other than wheat, corn or potato into Hungary surged to X tons in 2021, growing by X% compared with the year before. In general, imports showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, imports of starch other than wheat, corn or potato expanded significantly to $X in 2021. Over the period under review, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Austria (X tons) and Germany (X tons) were the main suppliers of imports of starch other than wheat, corn or potato to Hungary, together accounting for X% of total imports. The Czech Republic, the Netherlands, Vietnam and Thailand lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest starch other than wheat, corn or potato suppliers to Hungary were Belgium ($X), Austria ($X) and Germany ($X), together accounting for X% of total imports. The Netherlands, the Czech Republic, Thailand and Vietnam lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main suppliers 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 starch other than wheat, corn or potato stood at $X per ton in 2021, falling by -X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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