Hungary - Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNuts Price in Hungary - 2023
Contents:
- Nuts Price in Hungary (CIF) - 2022
- Nuts Price in Hungary (FOB) - 2022
- Nuts Imports in Hungary
- Nuts Exports in Hungary
Nuts Price in Hungary (CIF) - 2022
In 2022, the average nuts import price amounted to $3,639 per ton, reducing by -20.6% against the previous year. Over the period under review, the import price saw a perceptible decline. The pace of growth appeared the most rapid in 2017 an increase of 19%. The import price peaked at $5,055 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($9,949 per ton), while the price for Bosnia and Herzegovina ($941 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Nuts Price in Hungary (FOB) - 2022
The average nuts export price stood at $2,632 per ton in 2022, which is down by -24.3% against the previous year. Overall, the export price recorded a perceptible contraction. The pace of growth was the most pronounced in 2019 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs at $4,419 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
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 the Czech Republic ($3,377,000 per ton), while the average price for exports to Italy ($1,768 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 Czech Republic (+114.5%), while the prices for the other major destinations experienced a decline.
Nuts Imports in Hungary
In 2022, approx. 2.2K tons of nuts were imported into Hungary; increasing by 21% against the year before. The total import volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, nuts imports declined slightly to $8M in 2022. The total import value increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 33%. As a result, imports reached the peak of $9M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Nuts in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 4,239 | 4,865 | 4,459 | 4,337 | 0.8% |
United States | 0.4 | 0.2 | 0.1 | 658 | 1080.5% |
North Macedonia | 533 | 637 | 286 | 592 | 3.6% |
Albania | 906 | 916 | 547 | 533 | -16.2% |
Italy | 48.0 | 576 | 510 | 380 | 99.3% |
Austria | 192 | 235 | 297 | 309 | 17.2% |
Bosnia and Herzegovina | 35.4 | 84.7 | 260 | 287 | 100.9% |
Slovakia | 79.8 | 137 | 745 | 211 | 38.3% |
Czech Republic | 317 | 140 | 164 | 92.5 | -33.7% |
Others | 389 | 1,391 | 1,026 | 597 | 15.3% |
Total | 6,741 | 8,982 | 8,294 | 7,997 | 5.9% |
Top Suppliers of Nuts to Hungary in 2022:
- Albania (520.8 tons)
- Germany (503.2 tons)
- North Macedonia (450.1 tons)
- Bosnia and Herzegovina (304.6 tons)
- Slovakia (90.6 tons)
- United States (79.8 tons)
- Italy (74.4 tons)
- Austria (45.2 tons)
- Czech Republic (19.8 tons)
Nuts Exports in Hungary
In 2022, the amount of nuts exported from Hungary soared to 672 tons, growing by 37% compared with the previous year's figure. In general, exports, however, faced a significant decrease.
In value terms, nuts exports stood at $1.8M in 2022. Over the period under review, exports, however, showed a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 8.5% against the previous year.
Export of Nuts in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 2,808 | 671 | 935 | 735 | -36.0% |
Slovakia | 319 | 105 | 93.5 | 529 | 18.4% |
Albania | N/A | N/A | N/A | 115 | 0% |
Austria | 108 | 167 | 137 | 105 | -0.9% |
Italy | 1,077 | 476 | 333 | 97.2 | -55.1% |
Saudi Arabia | N/A | N/A | N/A | 82.3 | 0% |
Romania | 49.5 | 41.8 | 20.6 | 12.5 | -36.8% |
Others | 89.4 | 109 | 184 | 92.6 | 1.2% |
Total | 4,450 | 1,571 | 1,704 | 1,769 | -26.5% |
Top Export Markets for Nuts from Hungary in 2022:
- Germany (303.2 tons)
- Slovakia (197.1 tons)
- Italy (55.0 tons)
- Albania (41.2 tons)
- Austria (38.7 tons)
- Saudi Arabia (23.5 tons)
- Romania (1.3 tons)
This report provides an in-depth analysis of the nuts 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 221 - Almonds
- FCL 223 - Pistachios
- FCL 222 - Walnuts
- FCL 220 - Chestnuts
- FCL 217 - Cashew nuts
- FCL 225 - Hazelnuts (Filberts)
- FCL 216 - Brazil nuts
- FCL 234 - Nuts nes
- FCL 224 - Kolanuts
- FCL 226 - Areca nuts
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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This article explores the top import markets for nuts, including India, Vietnam, China, Germany, Italy, Turkey, the United Arab Emirates, Mexico, Spain, and the United States. These countries showcase a diverse range of preferences in terms of nut varieties, and the statistics provided highlight their significant demand and potential for further growth in the nut market.
Discover the top import markets for nuts and tap into a significant growth opportunity. India, Vietnam, China, Germany, and Italy are among the leading destinations for nut exporters.
The world nut market is expected to reach a value of USD 92.4 billion by 2030, up from USD 66.6 billion in 2022, growing at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030.
Explore the top import markets for almonds in 2023, including India, China, UAE, Spain, and more. Discover key statistics and trends in the global almond market.
The global almond market revenue amounted to $10.5B in 2018, going up by 6.5% against the previous year. This figure...
From 2007 to 2016, the value of the global almond market showed a stable dynamic trend. However, in 2016, the value of the the global almond market dropped to X billion USD. One of the main reasons for this can be explained by the favourable weather
Global almond consumption amounted to X thousand tons in 2015, going up by +X% against the previous year level.
In 2015, the country with the largest volume of the almond output was the United States (X thousand tons), accounting for X% of global production.
The U.S. seized control of almond market. In 2014, the U.S. exported X thousand tons of almonds totaling X million USD, X% over the previous year. Its primary trading partner was Spain, where it supplied X% of its total almond exports in value
In 2013, the U.S. and Spain were the main global suppliers of almonds with a combined share of X% of global exports. However, the fastest growing suppliers on the global almond market from 2007 to 2013 were Turkey (+X% per year) and China (+X% per