Hungary: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Hungary

The Hungarian orange juice (single strength) market soared to $X in 2023, rising by X% against the previous year. In general, consumption saw a resilient expansion. Orange juice (single strength) consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Orange Juice (Single Strength) in Hungary

In value terms, orange juice (single strength) production surged to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Orange Juice (Single Strength)

Exports from Hungary

In 2023, the amount of orange juice (single strength) exported from Hungary shrank notably to X tons, reducing by X% compared with the previous year. Overall, total exports indicated a notable expansion from 2012 to 2023: its volume 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, exports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, orange juice (single strength) exports rose markedly to $X in 2023. In general, total exports indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons), Slovakia (X tons) and Austria (X tons) were the main destinations of orange juice (single strength) exports from Hungary, together comprising X% of total exports. Croatia, Bulgaria, Slovenia, Bosnia and Herzegovina, Romania and Poland lagged somewhat behind, together accounting for a further X%.

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

In value terms, the Czech Republic ($X), Slovakia ($X) and Austria ($X) constituted the largest markets for orange juice (single strength) exported from Hungary worldwide, with a combined X% share of total exports. Bulgaria, Croatia, Bosnia and Herzegovina, Slovenia, Romania and Poland lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Bosnia and Herzegovina, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average orange juice (single strength) export price stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Romania ($X per ton) and Bosnia and Herzegovina ($X per ton), while the average price for exports to Poland ($X per ton) and Slovenia ($X per ton) were amongst the lowest.

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

Imports of Orange Juice (Single Strength)

Imports into Hungary

In 2023, overseas purchases of orange juice (single strength) decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, total imports indicated a strong expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, orange juice (single strength) imports expanded sharply to $X in 2023. Over the period under review, total imports indicated a remarkable increase from 2012 to 2023: its value 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, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Poland (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of orange juice (single strength) imports to Hungary, together accounting for X% of total imports. The Czech Republic and Romania lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest orange juice (single strength) suppliers to Hungary were Germany ($X), Poland ($X) and Austria ($X), together accounting for X% of total imports. The Czech Republic and Romania lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average orange juice (single strength) import price stood at $X per ton in 2023, jumping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform