Hungary: Market for Non-Mineral or Non-Aerated Waters 2024

Market Size for Non-Mineral or Non-Aerated Waters in Hungary

After four years of growth, the Hungarian non-mineral or non-aerated water market decreased by -1.3% to $X in 2021. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Non-mineral or non-aerated water consumption peaked at $X in 2020, and then contracted in the following year.

Production of Non-Mineral or Non-Aerated Waters in Hungary

In value terms, non-mineral or non-aerated water production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of 14%. Over the period under review, production hit record highs at $X in 2020, and then shrank modestly in the following year.

Exports of Non-Mineral or Non-Aerated Waters

Exports from Hungary

In 2021, non-mineral or non-aerated water exports from Hungary soared to X litres, with an increase of 151% against 2020. Over the period under review, exports showed resilient growth. The growth pace was the most rapid in 2019 with an increase of 160% against the previous year. Over the period under review, the exports reached the maximum at X litres in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-mineral or non-aerated water exports soared to $X in 2021. In general, exports showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 923%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Croatia (X litres), Germany (X litres) and Romania (X litres) were the main destinations of non-mineral or non-aerated water exports from Hungary, with a combined 58% 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 Croatia (with a CAGR of +256.6%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and Croatia ($X) constituted the largest markets for non-mineral or non-aerated water exported from Hungary worldwide, together accounting for 60% of total exports.

Croatia, with a CAGR of +242.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-mineral or non-aerated water export price stood at $X per litre in 2021, surging by 40% against the previous year. Overall, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of 634% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per litre), while the average price for exports to Serbia ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Mineral or Non-Aerated Waters

Imports into Hungary

In 2021, after two years of decline, there was significant growth in overseas purchases of non-mineral or non-aerated waters, when their volume increased by 204% to X litres. In general, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-mineral or non-aerated water imports skyrocketed to $X in 2021. Over the period under review, imports showed a buoyant increase. The growth pace was the most rapid in 2014 when imports increased by 286% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X litres), Croatia (X litres) and Germany (X litres) were the main suppliers of non-mineral or non-aerated water imports to Hungary, together comprising 88% of total imports. These countries were followed by the United States, Slovenia, Austria, the Netherlands and the Czech Republic, which together accounted for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +68.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Croatia ($X) and Germany ($X) constituted the largest non-mineral or non-aerated water suppliers to Hungary, together accounting for 81% of total imports.

Among the main suppliers, the United States, with a CAGR of +43.9%, saw the highest growth rate of 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

In 2021, the average non-mineral or non-aerated water import price amounted to $X per litre, reducing by -33.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 186% against the previous year. The import price peaked at $X per litre in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per litre), while the price for Turkey ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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