Hungary: Sugar Crop Market 2025

Sugar Crop Market Size in Hungary

The Hungarian sugar crop market expanded rapidly to $X in 2022, growing by X% against the previous year. In general, consumption, however, saw a pronounced shrinkage. Sugar crop consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Sugar Crop Production in Hungary

In value terms, sugar crop production rose to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of sugar crops in Hungary rose modestly to X tons per ha in 2022, with an increase of X% against 2021. 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 in certain years. The pace of growth was the most pronounced in 2014 when the yield increased by X%. The sugar crop yield peaked at X tons per ha in 2016; however, from 2017 to 2022, the yield remained at a 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 crop harvested area in Hungary stood at X ha in 2022, picking up by X% compared with 2021. Overall, the harvested area, however, continues to indicate a noticeable curtailment. The sugar crop harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Sugar Crop Exports

Exports from Hungary

In 2022, overseas shipments of sugar crops were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar crop exports shrank modestly to $X in 2022. Overall, exports showed a tangible expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure 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 crop exports from Hungary, accounting for a X% share of total exports. It was followed by Brazil (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Croatia totaled X%.

In value terms, Brazil ($X) and Croatia ($X) constituted the largest markets for sugar crop exported from Hungary worldwide.

Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Croatia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%).

Sugar Crop Imports

Imports into Hungary

Sugar crop imports into Hungary soared to X tons in 2022, rising by X% against 2021 figures. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, sugar crop imports soared to $X in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

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

From 2012 to 2022, the average annual growth rate of volume from Slovakia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and India (X% per year).

In value terms, the largest sugar crop suppliers to Hungary were Slovakia ($X), Austria ($X) and India ($X), together accounting for X% of total imports.

In terms of the main suppliers, Slovakia, with a CAGR of X%, recorded 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

The average sugar crop import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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