Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hungary - 2023
Contents:
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hungary (CIF) - 2023
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hungary (FOB) - 2023
- Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hungary
- Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hungary
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hungary (CIF) - 2023
The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,585 per ton in November 2023, growing by 3.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in June 2023 an increase of 20% against the previous month. The import price peaked at $1,715 per ton in July 2023; however, from August 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Poland ($1,683 per ton), while the price for Serbia ($851 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Serbia (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hungary (FOB) - 2023
In November 2023, the average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $2,248 per ton, picking up by 4.8% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.1%. The pace of growth appeared the most rapid in May 2023 an increase of 13% m-o-m. The export price peaked in November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($3,123 per ton), while the average price for exports to Croatia ($942 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hungary
For the fourth year in a row, Hungary recorded growth in overseas purchases of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid, which increased by 22% to 21K tons in 2022. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 309% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid soared to $23M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 +51.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 8.0 | 7.7 | 8.3 | 9.6 | 6.3% |
| Germany | 3.2 | 2.7 | 3.2 | 5.7 | 21.2% |
| Poland | 1.7 | 1.9 | 2.1 | 2.2 | 9.0% |
| Egypt | 0.2 | 0.5 | 1.1 | 1.8 | 108.0% |
| Greece | 0.1 | 0.2 | 0.6 | 0.8 | 100.0% |
| Portugal | 0.2 | 0.5 | 1.1 | 0.7 | 51.8% |
| Serbia | 0.4 | 0.3 | 0.5 | 0.6 | 14.5% |
| Others | 1.7 | 2.1 | 1.3 | 1.7 | 0.0% |
| Total | 15.4 | 16.0 | 18.1 | 23.2 | 14.6% |
Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Hungary in 2022:
- Italy (10.7K tons)
- Germany (3.3K tons)
- Poland (2.4K tons)
- Egypt (1.3K tons)
- Greece (0.7K tons)
- Portugal (0.6K tons)
- Serbia (0.4K tons)
Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hungary
In 2022, approx. 16K tons of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid were exported from Hungary; increasing by 67% on 2021. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 356%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid soared to $19M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 4.0 | 3.9 | 4.7 | 5.5 | 11.2% |
| Germany | 3.1 | 2.5 | 0.8 | 2.8 | -3.3% |
| Romania | 1.5 | 1.6 | 1.7 | 2.0 | 10.1% |
| Croatia | 0.1 | 0.4 | 1.3 | 2.0 | 171.4% |
| Slovakia | 0.3 | 0.8 | 1.1 | 1.7 | 78.3% |
| Serbia | 0.8 | 1.3 | 0.9 | 1.0 | 7.7% |
| Czech Republic | 0.2 | 0.2 | 0.3 | 0.6 | 44.2% |
| Sweden | 0.6 | 0.8 | 0.6 | 0.5 | -5.9% |
| Others | 1.4 | 1.2 | 0.6 | 2.3 | 18.0% |
| Total | 12.1 | 12.6 | 12.1 | 18.6 | 15.4% |
Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Hungary in 2022:
- Germany (4.9K tons)
- Poland (2.8K tons)
- Croatia (2.4K tons)
- Romania (1.8K tons)
- Slovakia (1.6K tons)
- Serbia (0.8K tons)
- Czech Republic (0.6K tons)
- Sweden (0.3K tons)
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This report provides an in-depth analysis of the preserved tomato market in Hungary.
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This report provides an in-depth analysis of the global tomato puree market.
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This report provides an in-depth analysis of the preserved tomato market in Hungary.
377
This report provides an in-depth analysis of the tomato puree market in Hungary.
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This report provides an in-depth analysis of the global preserved tomato market.
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This report provides an in-depth analysis of the global tomato puree market.
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2168
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