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Hungary - Frozen Potatoes (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHungary: Preserved Frozen Potato Market 2024
Preserved Frozen Potato Market Size in Hungary
The Hungarian preserved frozen potato market rose significantly to $X in 2021, increasing by 14% against the previous year. Overall, consumption continues to indicate prominent growth. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.
Preserved Frozen Potato Production in Hungary
In value terms, preserved frozen potato production totaled $X in 2021 estimated in export price. In general, production saw a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 5.1%. Preserved frozen potato production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.
Preserved Frozen Potato Exports
Exports from Hungary
In 2021, the amount of frozen potatoes prepared or preserved exported from Hungary soared to X tons, jumping by 147% against 2020. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, preserved frozen potato exports surged to $X in 2021. Overall, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
Romania (X tons), Slovakia (X tons) and Austria (X tons) were the main destinations of preserved frozen potato exports from Hungary, together comprising 81% of total exports. Croatia, Bulgaria and Slovenia lagged somewhat behind, together comprising a further 16%.
From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +3,789.7%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Romania ($X) remains the key foreign market for frozen potatoes prepared or preserved exports from Hungary, comprising 44% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 22% share of total exports. It was followed by Austria, with a 13% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Romania amounted to +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+23.3% per year) and Austria (-2.4% per year).
Export Prices by Country
The average preserved frozen potato export price stood at $X per ton in 2021, growing by 23% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved frozen potato export price increased by +81.5% against 2015 indices. The growth pace was the most rapid in 2019 an increase of 25%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.
Prices varied noticeably country of destination: the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Frozen Potato Imports
Imports into Hungary
In 2021, approx. X tons of frozen potatoes prepared or preserved were imported into Hungary; with an increase of 10% on the year before. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.2% against 2012 indices. The most prominent rate of growth was recorded in 2018 with an increase of 13%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.
In value terms, preserved frozen potato imports amounted to $X in 2021. In general, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 26% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.
Imports by Country
The Netherlands (X tons), Poland (X tons) and Belgium (X tons) were the main suppliers of preserved frozen potato imports to Hungary, together comprising 78% of total imports.
From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +11.3%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the Netherlands ($X), Poland ($X) and Belgium ($X) appeared to be the largest preserved frozen potato suppliers to Hungary, with a combined 75% share of total imports.
Among the main suppliers, the Netherlands, with a CAGR of +12.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the average preserved frozen potato import price amounted to $X per ton, with an increase of 4.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2013 an increase of 15%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.
Prices varied noticeably country of origin: the country with the highest price was Austria ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the preserved frozen potato 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 10311130 - Frozen potatoes, prepared or preserved (including potatoes cooked or partly cooked in oil and then frozen, excluding by vinegar or acetic acid)
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.
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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
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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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