Liqueurs and Cordials Price in Hungary - 2023
Contents:
- Liqueurs and Cordials Price in Hungary (CIF) - 2023
- Liqueurs and Cordials Price in Hungary (FOB) - 2023
- Liqueurs and Cordials Imports in Hungary
- Liqueurs and Cordials Exports in Hungary
Liqueurs and Cordials Price in Hungary (CIF) - 2023
In June 2023, the average liqueurs and cordials import price amounted to $3.5 per litre, declining by -4.4% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.8%. The pace of growth was the most pronounced in November 2022 an increase of 20% against the previous month. As a result, import price reached the peak level of $4.9 per litre. From December 2022 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($13.8 per litre), while the price for Slovakia ($1.4 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Poland (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Price in Hungary (FOB) - 2023
The average liqueurs and cordials export price stood at $7.9 per litre in June 2023, increasing by 14% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.3%. The most prominent rate of growth was recorded in July 2022 an increase of 21% m-o-m. Over the period under review, the average export prices attained the maximum in June 2023.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Slovakia ($10.2 per litre), while the average price for exports to Australia ($741 per thousand litres) 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 Slovakia (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Imports in Hungary
For the fourth consecutive year, Hungary recorded growth in purchases abroad of liqueurs and cordialses, which increased by 9.5% to 11M litres in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, liqueurs and cordials imports rose slightly to $32M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Liqueurs and Cordials in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 14.0 | 13.0 | 17.0 | 16.7 | 6.1% |
| Romania | N/A | N/A | 1.4 | 4.5 | 221.4% |
| Poland | 1.0 | 1.6 | 2.4 | 2.5 | 35.7% |
| Netherlands | 2.7 | 1.7 | 3.2 | 2.3 | -5.2% |
| Slovakia | 0.2 | 1.3 | 1.8 | 2.2 | 122.4% |
| Spain | 1.2 | 1.4 | 2.0 | 1.4 | 5.3% |
| Italy | 0.5 | 0.4 | 0.7 | 0.7 | 11.9% |
| Austria | 1.0 | 1.5 | 1.5 | 0.7 | -11.2% |
| Others | 1.9 | 3.6 | 1.7 | 1.4 | -9.7% |
| Total | 22.4 | 24.6 | 31.6 | 32.4 | 13.1% |
Top Suppliers of Liqueurs and Cordials to Hungary in 2022:
- Germany (7.0M litres)
- Poland (1.4M litres)
- Netherlands (0.5M litres)
- Slovakia (0.5M litres)
- Italy (0.4M litres)
- Romania (0.2M litres)
- Spain (0.2M litres)
- Austria (0.1M litres)
Liqueurs and Cordials Exports in Hungary
After three years of growth, shipments abroad of liqueurs and cordialses decreased by -3.7% to 885K litres in 2022. The total export volume increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, the exports attained the peak of 919K litres, and then fell modestly in the following year.
In value terms, liqueurs and cordials exports dropped to $5.6M in 2022. The total export value increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, the exports reached the peak of $6.6M, and then declined in the following year.
| Export of Liqueurs and Cordials in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2,184 | 2,306 | 2,948 | 2,782 | 8.4% |
| Romania | 574 | 868 | 949 | 817 | 12.5% |
| Germany | 1,144 | 1,146 | 1,393 | 810 | -10.9% |
| Slovakia | 191 | 181 | 270 | 290 | 14.9% |
| Canada | 130 | 154 | 126 | 148 | 4.4% |
| Netherlands | 124 | 174 | 178 | 136 | 3.1% |
| Austria | 95.1 | 138 | 147 | 110 | 5.0% |
| Serbia | 6.2 | 27.3 | 35.7 | 87.9 | 142.0% |
| Others | 398 | 600 | 533 | 447 | 3.9% |
| Total | 4,846 | 5,595 | 6,579 | 5,628 | 5.1% |
Top Export Markets for Liqueurs and Cordials from Hungary in 2022:
- Italy (442.6K litres)
- Germany (119.3K litres)
- Romania (112.2K litres)
- Slovakia (73.6K litres)
- Serbia (30.9K litres)
- Canada (24.8K litres)
- Austria (17.1K litres)
- Netherlands (14.3K litres)
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