Hungary: Candied Fruit Market 2024

Candied Fruit Market Size in Hungary

The Hungarian candied fruit market skyrocketed to $X in 2023, jumping by X% against the previous year. Overall, consumption, however, recorded a modest increase. Candied fruit consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Candied Fruit Production in Hungary

In value terms, candied fruit production surged to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2023, production growth failed to regain momentum.

In 2023, the average yield of candied fruits in Hungary amounted to less than X kg per ha, almost unchanged from 2022 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of candied fruits production in Hungary totaled less than X ha, remaining stable against the year before. Overall, the harvested area recorded a relatively flat trend pattern.

Candied Fruit Exports

Exports from Hungary

In 2023, the amount of candied fruits exported from Hungary dropped dramatically to X tons, waning by X% on the previous year's figure. In general, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, candied fruit exports rose to $X in 2023. Overall, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Romania (X tons), Italy (X tons) and Croatia (X tons) were the main destinations of candied fruit exports from Hungary, with a combined X% share of total exports. The Czech Republic, Slovakia, Slovenia, Serbia, Austria, Bosnia and Herzegovina, Bulgaria, Ukraine and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for candied fruits exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Croatia ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2023, the average candied fruit export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Candied Fruit Imports

Imports into Hungary

In 2023, after two years of growth, there was significant decline in supplies from abroad of candied fruits, when their volume decreased by X% to X tons. In general, imports showed a perceptible downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, candied fruit imports declined dramatically to $X in 2023. Over the period under review, imports, however, posted a notable expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

Italy (X tons), the Netherlands (X tons) and Thailand (X tons) were the main suppliers of candied fruit imports to Hungary, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest candied fruit suppliers to Hungary were Italy ($X), the Netherlands ($X) and Thailand ($X), together comprising X% of total imports.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average candied fruit import price amounted to $X per ton, rising by X% against the previous year. In general, import price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, candied fruit import price increased by X% against 2017 indices. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform