Hungary: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Hungary

The Hungarian market for candies, sweets, and nonchocolate confectionery shrank to $X in 2022, which is down by -7.9% against the previous year. Overall, consumption, however, saw modest growth. Candy, sweets, and nonchocolate confectionery consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in Hungary

In value terms, candy, sweets, and nonchocolate confectionery production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 15%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Hungary

In 2022, overseas shipments of candies, sweets, and nonchocolate confectionery increased by 17% to X tons, rising for the second year in a row after four years of decline. In general, total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +18.9% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 22% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery exports soared to $X in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 30% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons), Poland (X tons) and France (X tons) were the main destinations of candy, sweets, and nonchocolate confectionery exports from Hungary, with a combined 50% share of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +33.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for candy, sweets, and nonchocolate confectionery exported from Hungary were Germany ($X), Poland ($X) and France ($X), with a combined 37% share of total exports. Japan, the UK, the Czech Republic, Serbia, Romania, Slovakia, Austria, the Netherlands, Spain and Russia lagged somewhat behind, together comprising a further 43%.

Among the main countries of destination, Serbia, with a CAGR of +24.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, approximately equating the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 11% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Germany ($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 Serbia (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Hungary

Candy, sweets, and nonchocolate confectionery imports into Hungary reached X tons in 2022, with an increase of 10% against the previous year's figure. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.2% 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 +27.2% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of 24%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, candy, sweets, and nonchocolate confectionery imports expanded rapidly to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 +27.1% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of 25%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Belgium (X tons) and Poland (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to Hungary, together comprising 57% of total imports. Turkey, Slovakia, Spain, Austria, the Netherlands, the Czech Republic and Italy lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +21.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Belgium ($X) constituted the largest candy, sweets, and nonchocolate confectionery suppliers to Hungary, with a combined 62% share of total imports. Turkey, Spain, Slovakia, Austria, the Netherlands, the Czech Republic and Italy lagged somewhat behind, together accounting for a further 31%.

Turkey, with a CAGR of +18.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 import price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, declining by -2.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 12%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 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 Poland ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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