Hungary - Chocolate And Other Food Preparations Containing Cocoa - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Chocolate and Other Food Preparations Containing Cocoa in Hungary - 2024
Contents:
- Price for Chocolate and Other Food Preparations Containing Cocoa in Hungary (CIF) - 2024
- Price for Chocolate and Other Food Preparations Containing Cocoa in Hungary (FOB) - 2024
- Imports of Chocolate and Other Food Preparations Containing Cocoa in Hungary
- Exports of Chocolate and Other Food Preparations Containing Cocoa in Hungary
Price for Chocolate and Other Food Preparations Containing Cocoa in Hungary (CIF) - 2024
In September 2023, the average import price for chocolate and other food preparations containing cocoa amounted to $3,885 per ton, remaining stable against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 49% m-o-m. As a result, import price reached the peak level of $5,532 per ton. From April 2023 to September 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Serbia.
From January 2023 to September 2023, the rate of growth in terms of prices for Italy amounted to +6.0% per month.
Price for Chocolate and Other Food Preparations Containing Cocoa in Hungary (FOB) - 2024
In September 2023, the average export price for chocolate and other food preparations containing cocoa amounted to $6,379 per ton, surging by 25% against the previous month. Over the period from January 2023 to September 2023, it increased at an average monthly rate of +1.1%. The export price peaked at $6,431 per ton in July 2023; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Chile ($15,317 per ton), while the average price for exports to Moldova ($2,765 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chocolate and Other Food Preparations Containing Cocoa in Hungary
Imports of chocolate and other food preparations containing cocoa into Hungary rose to 29K tons in 2022, with an increase of 1.5% compared with 2021. The total import volume increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 11%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of chocolate and other food preparations containing cocoa stood at $88M in 2022. The total import value increased at an average annual rate of +10.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Chocolate and Other Food Preparations Containing Cocoa in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 11.9 | 14.9 | 14.7 | 19.8 | 18.5% |
| Slovakia | 24.2 | 21.4 | 17.4 | 15.1 | -14.5% |
| Serbia | N/A | N/A | 0.8 | 13.0 | 1525.0% |
| Germany | 4.0 | 4.5 | 10.7 | 11.8 | 43.4% |
| Czech Republic | 9.0 | 10.2 | 9.5 | 11.0 | 6.9% |
| Poland | 7.6 | 9.9 | 11.9 | 7.0 | -2.7% |
| Italy | 1.9 | 3.3 | 7.1 | 6.0 | 46.7% |
| Netherlands | 1.6 | 1.5 | 2.1 | 2.6 | 17.6% |
| France | 3.9 | 3.4 | 8.8 | 0.4 | -53.2% |
| Others | 1.7 | 4.0 | 3.4 | 1.5 | -4.1% |
| Total | 65.9 | 73.0 | 86.4 | 88.1 | 10.2% |
Top Suppliers of Chocolate and Other Food Preparations Containing Cocoa to Hungary in 2022:
- Belgium (6.0K tons)
- Slovakia (5.3K tons)
- Serbia (4.2K tons)
- Germany (4.1K tons)
- Czech Republic (3.2K tons)
- Italy (2.1K tons)
- Poland (2.0K tons)
- Netherlands (1.2K tons)
- France (0.1K tons)
Exports of Chocolate and Other Food Preparations Containing Cocoa in Hungary
For the fourth consecutive year, Hungary recorded growth in overseas shipments of chocolate and other food preparations containing cocoa, which increased by 29% to 14K tons in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 54% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of chocolate and other food preparations containing cocoa surged to $65M in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 137%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Chocolate and Other Food Preparations Containing Cocoa in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 0.3 | 0.7 | 1.5 | 7.9 | 197.5% |
| Germany | 1.9 | 2.3 | 4.4 | 6.6 | 51.4% |
| Sweden | 3.0 | 2.6 | 3.8 | 5.3 | 20.9% |
| France | 0.5 | 1.0 | 2.9 | 4.4 | 106.5% |
| United Kingdom | 0.3 | 0.8 | 1.8 | 3.1 | 117.8% |
| Denmark | 1.2 | 1.8 | 3.4 | 3.0 | 35.7% |
| Italy | 0.2 | 0.5 | 1.5 | 2.5 | 132.1% |
| Czech Republic | 1.0 | 1.0 | 1.1 | 1.6 | 17.0% |
| Austria | N/A | 0.5 | 1.2 | 1.5 | 73.2% |
| Lithuania | 0.5 | 0.6 | 1.1 | 1.4 | 40.9% |
| Romania | 0.6 | 0.8 | 1.2 | 1.3 | 29.4% |
| Moldova | N/A | 0.7 | 0.5 | 1.2 | 30.9% |
| Norway | N/A | 0.1 | 0.7 | 0.9 | 200.0% |
| Others | 3.5 | 6.6 | 22.6 | 24.4 | 91.0% |
| Total | 12.9 | 20.1 | 47.6 | 65.0 | 71.4% |
Top Export Markets for Chocolate and Other Food Preparations Containing Cocoa from Hungary in 2022:
- Poland (2697.8 tons)
- Sweden (1696.1 tons)
- Germany (1267.6 tons)
- Denmark (927.0 tons)
- United Kingdom (774.0 tons)
- Moldova (502.0 tons)
- Austria (416.0 tons)
- Lithuania (406.2 tons)
- France (402.8 tons)
- Romania (378.2 tons)
- Italy (347.8 tons)
- Norway (313.6 tons)
- Czech Republic (262.8 tons)
This report provides an in-depth analysis of the chocolate 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:
- Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of
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.
-
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
- 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 VOLUME AND VALUE
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
- 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
- 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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