Hungary: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in Hungary

The Hungarian preserved sweet corn market reduced slightly to $X in 2022, stabilizing at the previous year. Over the period under review, consumption showed a deep contraction. Preserved sweet corn consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Preserved Sweet Corn Production in Hungary

In value terms, preserved sweet corn production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 37% against the previous year. Over the period under review, production reached the peak level in 2022 and is likely to see gradual growth in the near future.

The average yield of sweet corn prepared or preserved in Hungary amounted to less than X kg per ha in 2022, almost unchanged from the previous year. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of sweet corn prepared or preserved were harvested in Hungary; approximately equating the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Preserved Sweet Corn Exports

Exports from Hungary

In 2022, preserved sweet corn exports from Hungary contracted modestly to X tons, approximately equating the year before. The total export volume increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 27%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, preserved sweet corn exports rose modestly to $X in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 18%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for preserved sweet corn exports from Hungary, accounting for a 29% share of total exports. Moreover, preserved sweet corn exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. Poland (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-3.9% per year) and Poland (+0.3% per year).

In value terms, Germany ($X) remains the key foreign market for sweet corn prepared or preserved exports from Hungary, comprising 30% of total exports. The second position in the ranking was taken by Poland ($X), with an 8.6% share of total exports. It was followed by France, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+0.7% per year) and France (-5.0% per year).

Export Prices by Country

The average preserved sweet corn export price stood at $X per ton in 2022, surging by 3.5% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 14%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to France ($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 the UK (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sweet Corn Imports

Imports into Hungary

In 2022, imports of sweet corn prepared or preserved into Hungary reduced rapidly to X tons, waning by -15.1% on 2021 figures. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 236% against the previous year. As a result, imports reached the peak of X tons, and then declined markedly in the following year.

In value terms, preserved sweet corn imports reduced modestly to $X in 2022. Over the period under review, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 207%. As a result, imports reached the peak of $X, and then fell modestly in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of preserved sweet corn to Hungary, with a 51% share of total imports. Moreover, preserved sweet corn imports from France exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), fourfold. Moldova (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +38.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+85.5% per year) and Moldova (+87.0% per year).

In value terms, France ($X) constituted the largest supplier of sweet corn prepared or preserved to Hungary, comprising 44% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 16% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+145.7% per year) and Germany (+13.7% per year).

Import Prices by Country

In 2022, the average preserved sweet corn import price amounted to $X per ton, with an increase of 13% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 29% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+32.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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