Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hungary - 2023
Contents:
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hungary (CIF) - 2023
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hungary (FOB) - 2022
- Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hungary
- Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hungary
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hungary (CIF) - 2023
In August 2023, the average import price for vegetables; potatoes (other than seed), fresh or chilleds amounted to $786 per ton, with an increase of 19% against the previous month. Overall, import price indicated notable growth from August 2022 to August 2023: its price increased at an average monthly rate of +4.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, import price for vegetables; potatoes (other than seed), fresh or chilleds increased by +68.2% against October 2022 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Slovakia ($797 per ton), while the price for the Netherlands amounted to $730 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hungary (FOB) - 2022
The average export price for vegetables; potatoes (other than seed), fresh or chilleds stood at $352 per ton in 2022, jumping by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2013 an increase of 28% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($550 per ton), while the average price for exports to Poland ($238 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 Kosovo (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hungary
In 2022, the amount of vegetables; potatoes (other than seed), fresh or chilleds imported into Hungary soared to 64K tons, increasing by 17% against 2021 figures. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +25.8% 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 +99.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 64%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of vegetables; potatoes (other than seed), fresh or chilleds skyrocketed to $25M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.1% 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 +86.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 38% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 5.2 | 10.7 | 10.5 | 14.7 | 41.4% |
| Slovakia | 5.0 | 4.5 | 4.5 | 4.6 | -2.7% |
| Netherlands | 1.2 | 1.3 | 2.2 | 1.7 | 12.3% |
| Germany | 0.2 | 0.2 | 0.7 | 1.4 | 91.3% |
| Czech Republic | 0.4 | 0.2 | N/A | 0.6 | 14.5% |
| Austria | 0.2 | 0.3 | 0.5 | 0.5 | 35.7% |
| Others | 1.0 | 1.0 | 1.7 | 1.0 | 0.0% |
| Total | 13.2 | 18.2 | 20.2 | 24.5 | 22.9% |
Top Suppliers of Vegetables; Potatoes (Other than Seed), Fresh or Chilled to Hungary in 2022:
- France (39.4K tons)
- Slovakia (9.2K tons)
- Germany (5.6K tons)
- Netherlands (5.5K tons)
- Czech Republic (1.2K tons)
- Austria (1.1K tons)
Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hungary
In 2022, shipments abroad of vegetables; potatoes (other than seed), fresh or chilleds decreased by -29.6% to 4.4K tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. As a result, the exports attained the peak of 9.7K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of vegetables; potatoes (other than seed), fresh or chilleds shrank to $1.5M in 2022. Overall, exports faced a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, the exports attained the peak of $2.7M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 1.9 | 242 | 96.1 | 413 | 501.3% |
| Romania | 590 | 1,005 | 172 | 317 | -18.7% |
| Czech Republic | 817 | 838 | 640 | 287 | -29.4% |
| Slovakia | 174 | 117 | 98.4 | 152 | -4.4% |
| Serbia | N/A | 6.6 | 22.5 | 117 | 321.0% |
| Croatia | 165 | 38.5 | 25.0 | 114 | -11.6% |
| Kosovo | N/A | N/A | 22.6 | 34.2 | 51.3% |
| Austria | 105 | 292 | 40.8 | 30.6 | -33.7% |
| Poland | 100 | 31.9 | 242 | 0.1 | -90.0% |
| Bosnia and Herzegovina | 231 | 152 | 285 | N/A | 11.1% |
| Others | 62.1 | 5.1 | 99.5 | 82.6 | 10.0% |
| Total | 2,247 | 2,729 | 1,744 | 1,548 | -11.7% |
Top Export Markets for Vegetables; Potatoes (Other than Seed), Fresh or Chilled from Hungary in 2022:
- Romania (1157.6 tons)
- Czech Republic (1007.6 tons)
- Ukraine (752.1 tons)
- Serbia (441.4 tons)
- Croatia (395.4 tons)
- Slovakia (349.9 tons)
- Kosovo (143.1 tons)
- Austria (30.8 tons)
- Poland (0.6 tons)
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