Hungary: Walnut Market 2025

Walnut Market Size in Hungary

The Hungarian walnut market surged to $X in 2021, increasing by 15% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +31.7% against 2018 indices. Walnut consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Walnut Production in Hungary

In value terms, walnut production expanded remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 46% against the previous year. Walnut production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

The average yield of walnuts in Hungary soared to X kg per ha in 2021, increasing by 16% compared with the previous year's figure. In general, the yield indicated perceptible growth from 2012 to 2021: its figure increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, walnut yield decreased by -36.3% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 48% against the previous year. Over the period under review, the average walnut yield attained the peak level at X tons per ha in 2017; however, from 2018 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of walnuts were harvested in Hungary; shrinking by -3.1% against the year before. The harvested area increased at an average annual rate of +4.0% 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 2019 with an increase of 11%. Over the period under review, the harvested area dedicated to walnut production reached the maximum at X ha in 2020, and then fell in the following year.

Walnut Exports

Exports from Hungary

In 2021, approx. X tons of walnuts were exported from Hungary; increasing by 5.5% against the previous year. Over the period under review, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 66%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, walnut exports expanded sharply to $X in 2021. Overall, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 74%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for walnut exports from Hungary, with a 68% share of total exports. Moreover, walnut exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by Austria (X tons), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.0% per year) and Austria (+27.6% per year).

In value terms, Germany ($X) remains the key foreign market for walnut exports from Hungary, comprising 66% of total exports. The second position in the ranking was taken by Italy ($X), with a 23% share of total exports. It was followed by Austria, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-2.8% per year) and Austria (+21.6% per year).

Export Prices by Country

In 2021, the average walnut export price amounted to $X per ton, rising by 3.5% against the previous year. Overall, the export price, however, recorded a pronounced slump. The growth pace was the most rapid in 2017 when the average export price increased by 12%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Austria ($X per ton), while the average price for exports to Romania ($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 Slovakia (-3.5%), while the prices for the other major destinations experienced a decline.

Walnut Imports

Imports into Hungary

In 2021, the amount of walnuts imported into Hungary surged to X tons, jumping by 103% against 2020. Overall, imports showed a strong increase. The growth pace was the most rapid in 2015 when imports increased by 1,483% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, walnut imports surged to $X in 2021. In general, imports continue to indicate a slight expansion. The pace of growth appeared the most rapid in 2015 with an increase of 677%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Slovakia (X tons) constituted the largest supplier of walnut to Hungary, with a 86% share of total imports. Moreover, walnut imports from Slovakia exceeded the figures recorded by the second-largest supplier, Poland (X tons), tenfold. The third position in this ranking was taken by Romania (X tons), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Slovakia stood at +46.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+418.4% per year) and Romania (-28.2% per year).

In value terms, Slovakia ($X) constituted the largest supplier of walnut to Hungary, comprising 67% of total imports. The second position in the ranking was taken by Poland ($X), with a 28% share of total imports. It was followed by Romania, with a 4% share.

From 2012 to 2021, the average annual growth rate of value from Slovakia totaled +32.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+410.9% per year) and Romania (-27.9% per year).

Import Prices by Country

In 2021, the average walnut import price amounted to $X per ton, growing by 22% against the previous year. In general, the import price, however, saw a pronounced slump. The pace of growth was the most pronounced in 2014 when the average import price increased by 213%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+22.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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