Price for Pepper (of the Genus Piper), Crushed or Ground in Hungary - 2023

Contents:

  1. Price for Pepper (of the Genus Piper), Crushed or Ground in Hungary (CIF) - 2022
  2. Price for Pepper (of the Genus Piper), Crushed or Ground in Hungary (FOB) - 2022
  3. Imports of Pepper (of the Genus Piper), Crushed or Ground in Hungary
  4. Exports of Pepper (of the Genus Piper), Crushed or Ground in Hungary

Price for Pepper (of the Genus Piper), Crushed or Ground in Hungary (CIF) - 2022

In 2022, the average import price for pepper (of the genus piper), crushed or ground amounted to $5,696 per ton, with an increase of 12% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 13%. The import price peaked at $8,215 per ton in 2015; however, from 2016 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 Austria ($8,416 per ton), while the price for Latvia ($2,941 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pepper (of the Genus Piper), Crushed or Ground in Hungary (FOB) - 2022

The average export price for pepper (of the genus piper), crushed or ground stood at $5,627 per ton in 2022, rising by 11% against the previous year. Over the period under review, the export price, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 19%. The export price peaked at $8,208 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($7,436 per ton), while the average price for exports to Croatia ($4,445 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 Slovenia (-0.2%), while the prices for the other major destinations experienced a decline.

Imports of Pepper (of the Genus Piper), Crushed or Ground in Hungary

In 2022, the amount of pepper (of the genus piper), crushed or ground imported into Hungary soared to 605 tons, surging by 17% against 2021 figures. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern indicated some noticeable 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, imports of pepper (of the genus piper), crushed or ground skyrocketed to $3.4M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Pepper (of the Genus Piper), Crushed or Ground in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands6805611,1261,60733.2%
Austria693662581579-5.8%
Vietnam14310923629827.7%
Slovakia46.072.319627381.1%
IndonesiaN/AN/A2.024212000.0%
Germany13927415723519.1%
Poland27872.50.778.7-34.3%
Latvia16.1N/A29.048.544.4%
Slovenia25918395.24.6-73.9%
Others11772.620181.4-11.4%
Total2,3692,0062,6243,44713.3%

Top Suppliers of Pepper (of the Genus Piper), Crushed or Ground to Hungary in 2022:

  1. Netherlands (297.5 tons)
  2. Austria (68.8 tons)
  3. Vietnam (64.2 tons)
  4. Slovakia (41.7 tons)
  5. Germany (35.2 tons)
  6. Indonesia (35.1 tons)
  7. Latvia (16.5 tons)
  8. Poland (16.2 tons)
  9. Slovenia (1.1 tons)

Exports of Pepper (of the Genus Piper), Crushed or Ground in Hungary

Exports of pepper (of the genus piper), crushed or ground from Hungary was estimated at 94 tons in 2022, growing by 3.1% on the previous year. The total export volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 12%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of pepper (of the genus piper), crushed or ground stood at $531K in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Over the period under review, the exports of pepper (of genus piper), crushed or ground reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Export of Pepper (of the Genus Piper), Crushed or Ground in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Romania97.410813019626.3%
Croatia10956.357.890.9-5.9%
Slovakia82.584.267.887.92.1%
Slovenia1.613.823.633.4175.3%
Austria22.822.720.230.510.2%
Netherlands0.10.431.123.3515.3%
Germany36.713.297.615.8-24.5%
Czech Republic13.416.511.214.42.4%
France13.7N/AN/A11.8-4.9%
Others22.435.425.726.96.3%
Total4003504655319.9%

Top Export Markets for Pepper (of the Genus Piper), Crushed or Ground from Hungary in 2022:

  1. Romania (31.4 tons)
  2. Croatia (20.5 tons)
  3. Slovakia (19.0 tons)
  4. Austria (4.9 tons)
  5. Slovenia (4.5 tons)
  6. Netherlands (3.2 tons)
  7. Czech Republic (3.0 tons)
  8. Germany (2.2 tons)
  9. France (2.0 tons)

Source: IndexBox Market Intelligence Platform

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