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Hungary - Chilies And Peppers (Green) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChili and Pepper Price in Hungary - 2023
Contents:
- Chili and Pepper Price in Hungary (FOB) - 2023
- Chili and Pepper Price in Hungary (CIF) - 2023
- Chili and Pepper Exports in Hungary
- Chili and Pepper Imports in Hungary
Chili and Pepper Price in Hungary (FOB) - 2023
The average chili and pepper export price stood at $1,917 per ton in June 2023, falling by -11% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 42% against the previous month. Over the period under review, the average export prices hit record highs at $2,179 per ton in March 2023; however, from April 2023 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($3,202 per ton), while the average price for exports to Austria ($1,634 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Chili and Pepper Price in Hungary (CIF) - 2023
In June 2023, the average chili and pepper import price amounted to $1,582 per ton, with a decrease of -1.7% against the previous month. In general, the import price, however, saw a measured expansion. The pace of growth was the most pronounced in October 2022 when the average import price increased by 47% against the previous month. Over the period under review, average import prices hit record highs at $2,041 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Slovakia ($3,195 per ton), while the price for Bulgaria ($762 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Serbia (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Chili and Pepper Exports in Hungary
In 2022, exports of chilies and peppers (green) from Hungary declined notably to 19K tons, waning by -19.3% against the year before. Overall, exports saw a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. As a result, the exports attained the peak of 24K tons, and then reduced remarkably in the following year.
In value terms, chili and pepper exports shrank rapidly to $29M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 26%. As a result, the exports reached the peak of $38M, and then shrank rapidly in the following year.
Export of Chili and Pepper in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 18.6 | 20.5 | 22.0 | 16.2 | -4.5% |
Slovakia | 1.7 | 1.8 | 6.5 | 5.0 | 43.3% |
Czech Republic | 2.1 | 1.8 | 3.5 | 3.5 | 18.6% |
Austria | 3.3 | 2.6 | 2.2 | 1.8 | -18.3% |
Switzerland | 1.4 | 1.9 | 2.2 | 1.6 | 4.6% |
Others | 1.8 | 1.6 | 1.6 | 1.0 | -17.8% |
Total | 28.9 | 30.2 | 37.9 | 29.1 | 0.2% |
Top Export Markets for Chili and Pepper from Hungary in 2022:
- Germany (10.6K tons)
- Slovakia (3.5K tons)
- Czech Republic (2.2K tons)
- Austria (1.7K tons)
- Switzerland (0.8K tons)
Chili and Pepper Imports in Hungary
After three years of growth, overseas purchases of chilies and peppers (green) decreased by -28.4% to 12K tons in 2022. Over the period under review, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 22%.
In value terms, chili and pepper imports reduced dramatically to $16M in 2022. Overall, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year.
Import of Chili and Pepper in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 7.1 | 10.1 | 11.4 | 8.1 | 4.5% |
Egypt | N/A | N/A | 0.8 | 2.2 | 175.0% |
Turkey | 1.0 | 1.3 | 1.9 | 1.7 | 19.3% |
Slovakia | 0.3 | 0.5 | 1.1 | 1.2 | 58.7% |
Albania | N/A | N/A | 0.3 | 0.6 | 100.0% |
Germany | 4.2 | 2.9 | 1.6 | 0.6 | -47.7% |
Netherlands | 1.1 | 1.0 | 0.9 | 0.4 | -28.6% |
Poland | 0.8 | 0.2 | 0.3 | 0.3 | -27.9% |
Serbia | 0.4 | 0.5 | 0.3 | 0.3 | -9.1% |
Romania | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
Morocco | 0.3 | 1.3 | 2.6 | 0.1 | -30.7% |
North Macedonia | 1.3 | 1.8 | 0.2 | N/A | -60.8% |
Czech Republic | 1.2 | 1.3 | 0.7 | N/A | -23.6% |
Others | 0.5 | 0.8 | 1.6 | 0.8 | 17.0% |
Total | 18.1 | 22.1 | 23.8 | 16.3 | -3.4% |
Top Suppliers of Chili and Pepper to Hungary in 2022:
- Spain (5493.2 tons)
- Egypt (1329.5 tons)
- Turkey (1163.2 tons)
- Slovakia (722.2 tons)
- Serbia (652.9 tons)
- Albania (490.8 tons)
- Germany (431.2 tons)
- Poland (241.5 tons)
- Netherlands (211.3 tons)
- Romania (98.0 tons)
- Morocco (43.2 tons)
- North Macedonia (8.4 tons)
This report provides an in-depth analysis of the chili and pepper market 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:
- FCL 401 - Chillies and peppers (green)
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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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