Price for Sugars; Fructose, Chemically Pure, in Solid Form in Hungary - 2023

Contents:

1. Price for Sugars; Fructose, Chemically Pure, in Solid Form in Hungary (CIF) - 2023
2. Price for Sugars; Fructose, Chemically Pure, in Solid Form in Hungary (FOB) - 2022
3. Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Hungary
4. Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Hungary

Price for Sugars; Fructose, Chemically Pure, in Solid Form in Hungary (CIF) - 2023

The average import price for sugars; fructose, chemically pure, in solid form stood at $1,825 per ton in August 2023, surging by 11% against the previous month. Over the period under review, import price indicated a prominent expansion from December 2022 to August 2023: its price increased at an average monthly rate of +8.9% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, import price for sugars; fructose, chemically pure, in solid form increased by +61.5% against May 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 100% month-to-month. Over the period under review, average import prices hit record highs at $1,974 per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2,401 per ton), while the price for Ireland ($1,040 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sugars; Fructose, Chemically Pure, in Solid Form in Hungary (FOB) - 2022

The average export price for sugars; fructose, chemically pure, in solid form stood at $1,548 per ton in 2022, rising by 31% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $1,601 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($1,773 per ton), while the average price for exports to Slovakia ($1,180 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 Austria (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Hungary

In 2022, approx. 1.7K tons of sugars; fructose, chemically pure, in solid form were imported into Hungary; growing by 6.2% against the previous year. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 18%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of sugars; fructose, chemically pure, in solid form skyrocketed to $1.9M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.3% 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 +57.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to Hungary in 2022:

1. Turkey (458.0 tons)
2. Germany (214.9 tons)
3. Slovakia (207.0 tons)
4. Israel (197.6 tons)
5. Ireland (189.3 tons)
6. Finland (136.0 tons)
7. Bulgaria (80.0 tons)
8. Belgium (60.3 tons)

Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Hungary

In 2022, overseas shipments of sugars; fructose, chemically pure, in solid form were finally on the rise to reach 430 tons after two years of decline. Over the period under review, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of sugars; fructose, chemically pure, in solid form skyrocketed to $669K in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Sugars; Fructose, Chemically Pure, in Solid Form from Hungary in 2022:

1. Poland (164.1 tons)
2. Germany (134.2 tons)
3. Romania (76.8 tons)
4. Slovakia (17.5 tons)
5. Serbia (10.5 tons)
6. Slovenia (10.0 tons)
7. Austria (7.0 tons)
8. Croatia (4.1 tons)

Source: IndexBox Market Intelligence Platform