Hungary: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Hungary

The Hungarian sweet biscuit market rose rapidly to $X in 2021, with an increase of 14% against the previous year. Overall, consumption, however, recorded a abrupt descent. Sweet biscuit consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Sweet Biscuit Production in Hungary

In value terms, sweet biscuit production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 80% against the previous year. Sweet biscuit production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Sweet Biscuit Exports

Exports from Hungary

In 2021, the amount of sweet biscuits exported from Hungary fell modestly to X tons, shrinking by -4.9% on the previous year. In general, exports, however, recorded a strong increase. The growth pace was the most rapid in 2014 when exports increased by 84%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, sweet biscuit exports expanded sharply to $X in 2021. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +10.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +18.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 57% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Austria (X tons), Germany (X tons) and Belgium (X tons) were the main destinations of sweet biscuit exports from Hungary, with a combined 57% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +88.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sweet biscuit exported from Hungary were Austria ($X), Germany ($X) and Poland ($X), with a combined 46% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +70.2%, saw 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

In 2021, the average sweet biscuit export price amounted to $X per ton, growing by 11% against the previous year. Over the period under review, the export price, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2020 when the average export price increased by 12%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Belgium ($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 France (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Biscuit Imports

Imports into Hungary

In 2021, purchases abroad of sweet biscuits increased by 5.4% to X tons, rising for the fourth consecutive year after two years of decline. The total import volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 14%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, sweet biscuit imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Poland (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of sweet biscuit imports to Hungary, with a combined 58% share of total imports. These countries were followed by Slovakia, Spain, Italy and the Netherlands, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +40.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit suppliers to Hungary were Germany ($X), Poland ($X) and Spain ($X), with a combined 55% share of total imports.

Spain, with a CAGR of +37.3%, recorded the highest rates of growth with regard to 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

In 2021, the average sweet biscuit import price amounted to $X per ton, with an increase of 5.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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