Report Update Feb 1, 2025

Hungary - Sugar Beet - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Sugar Beet Market 2025

Sugar Beet Market Size in Hungary

The Hungarian sugar beet market expanded rapidly to $X in 2022, with an increase of 8% against the previous year. In general, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Sugar Beet Production in Hungary

In value terms, sugar beet production expanded to $X in 2022 estimated in export price. In general, production, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 54%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of sugar beet in Hungary expanded slightly to X tons per ha in 2022, with an increase of 3.7% compared with the previous year. The yield figure increased at an average annual rate of +2.2% 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 2014 with an increase of 31% against the previous year. Over the period under review, the average sugar beet yield attained the maximum level at X tons per ha in 2016; however, from 2017 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.

The sugar beet harvested area in Hungary was estimated at X ha in 2022, with an increase of 3.7% on 2021 figures. Over the period under review, the harvested area, however, recorded a noticeable setback. Over the period under review, the harvested area dedicated to sugar beet production reached the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Sugar Beet Exports

Exports from Hungary

In 2022, shipments abroad of sugar beet increased by 11% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2016 with an increase of 127%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, sugar beet exports fell to $X in 2022. In general, exports, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 184%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Croatia (X tons) was the main destination for sugar beet exports from Hungary, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Croatia amounted to -4.2%.

In value terms, Croatia ($X) also remains the key foreign market for sugar beet exports from Hungary.

From 2012 to 2022, the average annual growth rate of value to Croatia amounted to -10.9%.

Export Prices by Country

In 2022, the average sugar beet export price amounted to $X per ton, which is down by -14.4% against the previous year. Overall, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2016 an increase of 25% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Croatia.

From 2012 to 2022, the rate of growth in terms of prices for Croatia amounted to -7.0% per year.

Sugar Beet Imports

Imports into Hungary

In 2022, approx. X tons of sugar beet were imported into Hungary; picking up by 373% against the previous year. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2014 with an increase of 604%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, sugar beet imports soared to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 502%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest sugar beet supplier to Hungary, with a 79% share of total imports. Moreover, sugar beet imports from Slovakia exceeded the figures recorded by the second-largest supplier, Austria (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia stood at +71.2%.

In value terms, Slovakia ($X) and Austria ($X) were the largest sugar beet suppliers to Hungary.

In terms of the main suppliers, Slovakia, with a CAGR of +51.1%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average sugar beet import price amounted to $X per ton, declining by -46.5% against the previous year. Over the period under review, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 12% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Austria ($X per ton), while the price for Slovakia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (-1.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sugar beet in the world?

The countries with the highest volumes of sugar beet consumption in 2020 were Russia, the United States and Germany, together accounting for 37% of global consumption. These countries were followed by France, Turkey, Poland, Egypt, China, Ukraine, the Netherlands, Iran, the UK and Belgium, which together accounted for a further 48%.

What are the largest producers of sugar beet in the world?

The countries with the highest volumes of sugar beet production in 2020 were Russia, the United States and Germany, together accounting for 37% of global production. These countries were followed by France, Turkey, Poland, Egypt, China, Ukraine, the Netherlands, Iran, the UK and Belgium, which together accounted for a further 48%.

What are the leading suppliers of sugar beet to Hungary?

In value terms, Austria constituted the largest supplier of sugar beet to Hungary.

What are the leading importers of sugar beet from Hungary?

In value terms, Croatia remains the key foreign market for sugar beet exports from Hungary, comprising 99% of total exports. The second position in the ranking was occupied by Austria, with a 1.3% share of total exports.

What is the average export price for sugar beet in Hungary?

The average sugar beet export price stood at $637 per ton in 2020, remaining stable against the previous year.

What is the average import price for sugar beet in Hungary?

In 2020, the average sugar beet import price amounted to $2,347 per ton, shrinking by -13.8% against the previous year.

This report provides an in-depth analysis of the sugar beet market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 157 - Sugar beet

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024