Broken Rice Price in Hungary - 2023
Contents:
- Broken Rice Price in Hungary (CIF) - 2022
- Broken Rice Price in Hungary (FOB) - 2022
- Broken Rice Imports in Hungary
- Broken Rice Exports in Hungary
Broken Rice Price in Hungary (CIF) - 2022
The average broken rice import price stood at $571 per ton in 2022, rising by 11% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, broken rice import price increased by +64.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 31%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
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 Italy ($908 per ton), while the price for Greece ($440 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Broken Rice Price in Hungary (FOB) - 2022
In 2022, the average broken rice export price amounted to $1,159 per ton, stabilizing at the previous year. In general, the export price recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 60%. The export price peaked in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($6,890 per ton), while the average price for exports to Slovakia ($895 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.
Broken Rice Imports in Hungary
For the third consecutive year, Hungary recorded decline in overseas purchases of broken rice, which decreased by -11.3% to 2.1K tons in 2022. Overall, imports continue to indicate a precipitous decline.
In value terms, broken rice imports dropped modestly to $1.2M in 2022. Over the period under review, imports recorded a deep reduction.
Import of Broken Rice in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Greece | 363 | 520 | 335 | 202 | -17.7% |
Spain | 190 | N/A | N/A | 187 | -0.5% |
Myanmar | 280 | 172 | N/A | 167 | -15.8% |
Netherlands | 113 | 236 | 387 | 160 | 12.3% |
Belgium | 137 | N/A | N/A | 137 | 0.0% |
Slovakia | 93.3 | 258 | 216 | 92.3 | -0.4% |
Bulgaria | 12.9 | N/A | N/A | 56.6 | 63.7% |
Italy | 257 | 219 | 174 | 45.1 | -44.0% |
Others | 190 | 18.9 | 103 | 147 | -8.2% |
Total | 1,636 | 1,422 | 1,215 | 1,194 | -10.0% |
Top Suppliers of Broken Rice to Hungary in 2022:
- Greece (459.1 tons)
- Spain (289.2 tons)
- Netherlands (283.6 tons)
- Belgium (247.0 tons)
- Myanmar (243.5 tons)
- Slovakia (129.9 tons)
- Bulgaria (124.4 tons)
- Italy (49.7 tons)
Broken Rice Exports in Hungary
For the third consecutive year, Hungary recorded decline in overseas shipments of broken rice, which decreased by 0% to 136 kg in 2022. In general, exports continue to indicate a sharp setback. The smallest decline of -98.4% was in 2020.
In value terms, broken rice exports amounted to $158 in 2022. Overall, exports showed a dramatic downturn. The smallest decline of -97.5% was in 2020.
Export of Broken Rice in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 4.7 | N/A | N/A | 0.1 | -72.3% |
Slovakia | 3.0 | N/A | N/A | N/A | 0% |
Serbia | N/A | 0.3 | N/A | N/A | 0% |
Poland | 4.0 | N/A | N/A | N/A | 0% |
Netherlands | 0.7 | N/A | N/A | N/A | 0% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 12.4 | 0.3 | N/A | 0.2 | -74.7% |
Top Export Markets for Broken Rice from Hungary in 2022:
- Belgium (95.0 kg)
- Slovakia (37.0 kg)
- Netherlands (3.0 kg)
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