Cereals; Millet, Seed Price in Hungary - 2023
Contents:
- Cereals; Millet, Seed Price in Hungary (CIF) - 2022
- Cereals; Millet, Seed Price in Hungary (FOB) - 2022
- Cereals; Millet, Seed Imports in Hungary
- Cereals; Millet, Seed Exports in Hungary
Cereals; Millet, Seed Price in Hungary (CIF) - 2022
The average cereals; millet, seed import price stood at $1,697 per ton in 2022, jumping by 39% against the previous year. Overall, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 323%. Over the period under review, average import prices reached the maximum at $1,976 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
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 Germany ($3,216 per ton), while the price for Italy ($1,325 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Millet, Seed Price in Hungary (FOB) - 2022
The average cereals; millet, seed export price stood at $1,655 per ton in 2022, growing by 32% against the previous year. Over the period under review, the export price enjoyed a strong increase. The growth pace was the most rapid in 2018 when the average export price increased by 98% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($3,248 per ton), while the average price for exports to Slovenia ($1,204 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 Croatia (+50.6%), while the prices for the other major destinations experienced more modest paces of growth.
Cereals; Millet, Seed Imports in Hungary
For the fourth year in a row, Hungary recorded growth in supplies from abroad of cereals; millet, seeds, which increased by 47% to 72 tons in 2022. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 81% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, cereals; millet, seed imports soared to $122K in 2022. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Millet, Seed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 8.9 | 21.9 | 36.3 | 52.4 | 80.6% |
| Netherlands | N/A | N/A | N/A | 41.3 | 0% |
| Austria | 7.3 | 6.8 | 14.5 | 14.5 | 25.7% |
| Germany | 3.5 | 7.3 | 4.4 | 13.4 | 56.4% |
| Slovakia | N/A | N/A | 4.2 | N/A | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 19.7 | 36.0 | 59.5 | 122 | 83.6% |
Top Suppliers of Cereals; Millet, Seed to Hungary in 2022:
- Italy (39.5 tons)
- Netherlands (20.3 tons)
- Austria (7.5 tons)
- Germany (4.2 tons)
Cereals; Millet, Seed Exports in Hungary
In 2022, the amount of cereals; millet, seeds exported from Hungary skyrocketed to 18 tons, increasing by 110% against the previous year. In general, exports, however, showed a sharp contraction.
In value terms, cereals; millet, seed exports surged to $29K in 2022. Over the period under review, exports, however, saw a precipitous setback.
| Export of Cereals; Millet, Seed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 5.9 | 6.8 | 4.3 | 9.4 | 16.8% |
| Slovenia | 0.1 | 0.1 | 0.1 | 7.4 | 319.8% |
| Romania | 0.4 | 0.7 | 5.5 | 3.6 | 108.0% |
| Italy | N/A | N/A | 0.2 | 3.2 | 1500.0% |
| Croatia | N/A | N/A | 0.2 | 2.2 | 1000.0% |
| Austria | N/A | N/A | N/A | 1.8 | 0% |
| Germany | 32.1 | N/A | N/A | N/A | 0% |
| Poland | 56.5 | N/A | 0.1 | N/A | -95.8% |
| Others | 1.1 | 0.5 | N/A | 1.4 | 8.4% |
| Total | 96.2 | 8.2 | 10.5 | 29.1 | -32.9% |
Top Export Markets for Cereals; Millet, Seed from Hungary in 2022:
- Slovenia (6.2 tons)
- Slovakia (4.6 tons)
- Romania (2.9 tons)
- Italy (2.0 tons)
- Austria (1.0 tons)
- Croatia (0.7 tons)
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