Hungary - Nuts (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Nuts (Prepared or Preserved) in Hungary - 2023
Contents:
- Price for Nuts (Prepared or Preserved) in Hungary (FOB) - 2023
- Price for Nuts (Prepared or Preserved) in Hungary (CIF) - 2023
- Exports of Nuts (Prepared or Preserved) in Hungary
- Imports of Nuts (Prepared or Preserved) in Hungary
Price for Nuts (Prepared or Preserved) in Hungary (FOB) - 2023
The average nuts (prepared or preserved) export price stood at $4,030 per ton in August 2023, therefore, remained relatively stable against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.8%. The growth pace was the most rapid in January 2023 when the average export price increased by 14% against the previous month. The export price peaked at $4,354 per ton in May 2023; however, from June 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Bosnia and Herzegovina ($5,918 per ton), while the average price for exports to Poland ($2,854 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nuts (Prepared or Preserved) in Hungary (CIF) - 2023
The average nuts (prepared or preserved) import price stood at $6,569 per ton in August 2023, growing by 7.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. The pace of growth was the most pronounced in December 2022 an increase of 35% against the previous month. The import price peaked in August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($14,674 per ton), while the price for China ($3,116 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nuts (Prepared or Preserved) in Hungary
In 2022, overseas shipments of nuts (prepared or preserved) decreased by -4.6% to 13K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 26%. As a result, the exports reached the peak of 14K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, nuts (prepared or preserved) exports contracted to $37M in 2022. The total export value increased at an average annual rate of +8.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 29% against the previous year.
Export of Nuts (Prepared or Preserved) in Hungary (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 8.9 | 12.0 | 13.0 | 12.6 | 12.3% |
Poland | 6.5 | 8.9 | 7.2 | 6.4 | -0.5% |
Serbia | 1.6 | 2.5 | 2.6 | 2.9 | 21.9% |
Slovakia | 2.6 | 3.0 | 2.9 | 2.9 | 3.7% |
Germany | 0.6 | 0.9 | 2.9 | 2.0 | 49.4% |
Bosnia and Herzegovina | 1.5 | 1.7 | 1.8 | 1.7 | 4.3% |
Italy | 1.5 | 1.7 | 1.8 | 1.6 | 2.2% |
Lithuania | 1.1 | 1.4 | 1.3 | 1.3 | 5.7% |
Croatia | 1.0 | 1.2 | 1.1 | 1.1 | 3.2% |
Czech Republic | 0.9 | 1.0 | 0.8 | 0.8 | -3.9% |
Others | 2.6 | 3.3 | 4.1 | 3.6 | 11.5% |
Total | 28.9 | 37.4 | 39.5 | 37.0 | 8.6% |
Top Export Markets for Nuts (Prepared or Preserved) from Hungary in 2022:
- Romania (4.1K tons)
- Poland (3.1K tons)
- Serbia (0.9K tons)
- Slovakia (0.9K tons)
- Italy (0.8K tons)
- Germany (0.6K tons)
- Lithuania (0.5K tons)
- Bosnia and Herzegovina (0.4K tons)
- Czech Republic (0.3K tons)
- Croatia (0.3K tons)
Imports of Nuts (Prepared or Preserved) in Hungary
In 2022, approx. 3.7K tons of nuts (prepared or preserved) were imported into Hungary; with an increase of 4.5% on the previous year. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 18%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, nuts (prepared or preserved) imports expanded slightly to $21M in 2022. The total import value increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Nuts (Prepared or Preserved) in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 7.5 | 9.1 | 9.0 | 8.3 | 3.4% |
Austria | 2.7 | 2.6 | 3.1 | 2.9 | 2.4% |
Netherlands | 0.5 | 0.4 | 1.4 | 2.7 | 75.4% |
Poland | 1.4 | 1.2 | 1.9 | 1.6 | 4.6% |
Turkey | 0.3 | 0.5 | 1.0 | 1.3 | 63.0% |
Spain | 0.7 | 1.0 | 0.5 | 1.3 | 22.9% |
Slovakia | 1.2 | 1.0 | 1.3 | 1.2 | 0.0% |
Italy | 2.1 | 1.3 | 0.7 | 0.2 | -54.3% |
Others | 1.8 | 1.4 | 1.8 | 1.6 | -3.9% |
Total | 18.2 | 18.5 | 20.7 | 21.0 | 4.9% |
Top Suppliers of Nuts (Prepared or Preserved) to Hungary in 2022:
- Germany (1015.8 tons)
- Austria (897.8 tons)
- Netherlands (379.5 tons)
- Turkey (351.5 tons)
- Poland (239.0 tons)
- Slovakia (200.6 tons)
- Spain (181.7 tons)
- Italy (61.5 tons)
This report provides an in-depth analysis of the market for nuts (prepared or preserved) in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10392390 - Prepared or preserved nuts (other than groundnuts), and other seeds and mixtures (excluding by vinegar or acetic acid, f rozen, purees and pastes, preserved by sugar)
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad
In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad