Hungary: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Hungary

In 2022, the Hungarian wine of fresh grapes market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, showed a perceptible slump. Wine of fresh grapes consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in Hungary

In value terms, wine of fresh grapes production soared to $X in 2022 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Wine of fresh grapes production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Hungary

In 2022, approx. X litres of wine of fresh grapes (except sparkling wine) were exported from Hungary; jumping by 26% against the year before. In general, exports posted resilient growth. The growth pace was the most rapid in 2018 when exports increased by 42%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, wine of fresh grapes exports expanded modestly to $X in 2022. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.6% against 2018 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 32% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Slovakia (X litres), Germany (X litres) and the Czech Republic (X litres) were the main destinations of wine of fresh grapes exports from Hungary, with a combined 62% share of total exports. France, Belarus, the UK, Romania, Belgium, Austria, Sweden, Lithuania and Poland lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +67.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wine of fresh grapes exported from Hungary were Slovakia ($X), Germany ($X) and the Czech Republic ($X), with a combined 45% share of total exports. France, Belgium, the UK, Sweden, Poland, Belarus, Romania, Austria and Lithuania lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, Belgium, with a CAGR of +63.0%, saw the highest rates of growth with regard to 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

The average wine of fresh grapes export price stood at $X per litre in 2022, dropping by -18.5% against the previous year. In general, the export price saw a perceptible contraction. The growth pace was the most rapid in 2021 when the average export price increased by 16%. Over the period under review, the average export prices hit record highs at $X per litre in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per litre), while the average price for exports to Lithuania ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-1.0%), while the prices for the other major destinations experienced a decline.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Hungary

In 2022, the amount of wine of fresh grapes (except sparkling wine) imported into Hungary reduced to X litres, waning by -5.5% on the previous year. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 49%. Imports peaked at X litres in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wine of fresh grapes imports dropped slightly to $X in 2022. In general, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2013 with an increase of 18%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X litres) constituted the largest supplier of wine of fresh grapes to Hungary, with a 55% share of total imports. Moreover, wine of fresh grapes imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X litres), threefold. The third position in this ranking was taken by Slovakia (X litres), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-28.0% per year) and Slovakia (+9.8% per year).

In value terms, Italy ($X), Germany ($X) and France ($X) were the largest wine of fresh grapes suppliers to Hungary, together accounting for 66% of total imports. Slovakia, Greece and Spain lagged somewhat behind, together comprising a further 16%.

Slovakia, with a CAGR of +16.7%, saw the highest growth rate of 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

In 2022, the average wine of fresh grapes import price amounted to $X per litre, rising by 2.4% against the previous year. In general, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 114% against the previous year. As a result, import price reached the peak level of $X per litre. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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