Hungary: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Hungary

After three years of growth, the Hungarian orange juice (single strength) market decreased by -63.6% to $X in 2022. Overall, consumption, however, continues to indicate slight growth. Orange juice (single strength) consumption peaked at $X in 2021, and then shrank sharply in the following year.

Production of Orange Juice (Single Strength) in Hungary

In value terms, orange juice (single strength) production shrank modestly to $X in 2022 estimated in export price. Overall, production saw a noticeable slump. The pace of growth was the most pronounced in 2017 with an increase of 15% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Orange Juice (Single Strength)

Exports from Hungary

In 2022, shipments abroad of orange juice (single strength) was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports saw a tangible increase. The most prominent rate of growth was recorded in 2015 with an increase of 68%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, orange juice (single strength) exports soared to $X in 2022. In general, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Austria (X tons), Slovakia (X tons) and the Czech Republic (X tons) were the main destinations of orange juice (single strength) exports from Hungary, together comprising 75% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +21.4%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Slovakia ($X) and the Czech Republic ($X) were the largest markets for orange juice (single strength) exported from Hungary worldwide, together accounting for 72% of total exports.

In terms of the main countries of destination, Austria, with a CAGR of +17.4%, 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 2022, the average orange juice (single strength) export price amounted to $X per ton, falling by -7.5% against the previous year. Overall, the export price continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 15% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Poland ($X per ton) and Romania ($X per ton), while the average price for exports to Slovenia ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (-1.1%), while the prices for the other major destinations experienced a decline.

Imports of Orange Juice (Single Strength)

Imports into Hungary

In 2022, supplies from abroad of orange juice (single strength) decreased by -19.4% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +9.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 56% against the previous year. Imports peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, orange juice (single strength) imports contracted markedly to $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.0% 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 +3.4% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 57% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then declined rapidly in the following year.

Imports by Country

Poland (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of orange juice (single strength) imports to Hungary, together accounting for 86% of total imports. The Czech Republic and Romania lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +116.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Austria ($X) constituted the largest orange juice (single strength) suppliers to Hungary, with a combined 84% share of total imports. The Czech Republic and Romania lagged somewhat behind, together accounting for a further 14%.

Romania, with a CAGR of +106.6%, saw 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

The average orange juice (single strength) import price stood at $X per ton in 2022, surging by 1.5% against the previous year. Over the period under review, the import price, however, showed a slight slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 16%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, 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 the Czech Republic ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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