Cereals; Rye, Seed Price in Hungary - 2023
Contents:
- Cereals; Rye, Seed Price in Hungary (FOB) - 2022
- Cereals; Rye, Seed Price in Hungary (CIF) - 2022
- Cereals; Rye, Seed Exports in Hungary
- Cereals; Rye, Seed Imports in Hungary
Cereals; Rye, Seed Price in Hungary (FOB) - 2022
In 2022, the average cereals; rye, seed export price amounted to $686 per ton, picking up by 28% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; rye, seed export price increased by +104.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 30%. The export price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($1,421 per ton), while the average price for exports to Romania ($515 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 Belgium (+95.5%), while the prices for the other major destinations experienced more modest paces of growth.
Cereals; Rye, Seed Price in Hungary (CIF) - 2022
The average cereals; rye, seed import price stood at $642 per ton in 2022, which is down by -12.6% against the previous year. In general, the import price showed a perceptible decline. The pace of growth was the most pronounced in 2020 an increase of 69%. The import price peaked at $1,268 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($1,193 per ton), while the price for Slovakia ($316 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Rye, Seed Exports in Hungary
In 2022, the amount of cereals; rye, seeds exported from Hungary fell notably to 1.9K tons, shrinking by -16.2% compared with 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, the exports attained the peak of 2.2K tons, and then dropped markedly in the following year.
In value terms, cereals; rye, seed exports expanded remarkably to $1.3M in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 63% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Cereals; Rye, Seed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 337 | 209 | 781 | 314 | -2.3% |
| Switzerland | N/A | 24.2 | 49.3 | 284 | 242.6% |
| France | N/A | 21.3 | 176 | 184 | 193.9% |
| Belarus | N/A | N/A | N/A | 125 | 0% |
| Romania | N/A | 33.9 | 9.8 | 96.3 | 68.5% |
| Slovakia | 8.7 | 10.1 | 31.2 | 90.9 | 118.6% |
| Belgium | N/A | N/A | 18.5 | 90.6 | 389.7% |
| Serbia | 44.9 | 8.0 | N/A | 75.7 | 19.0% |
| Germany | 175 | 419 | 133 | N/A | -12.8% |
| Others | 45.5 | 10.2 | 1.7 | 24.7 | -18.4% |
| Total | 611 | 736 | 1,201 | 1,285 | 28.1% |
Top Export Markets for Cereals; Rye, Seed from Hungary in 2022:
- Austria (571.9 tons)
- France (335.8 tons)
- Switzerland (300.8 tons)
- Romania (187.2 tons)
- Slovakia (142.9 tons)
- Belgium (110.3 tons)
- Serbia (108.0 tons)
- Belarus (88.0 tons)
Cereals; Rye, Seed Imports in Hungary
In 2022, after two years of decline, there was significant growth in supplies from abroad of cereals; rye, seeds, when their volume increased by 79% to 458 tons. Over the period under review, imports, however, faced a deep downturn.
In value terms, cereals; rye, seed imports soared to $294K in 2022. Overall, imports, however, faced a abrupt setback.
| Import of Cereals; Rye, Seed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 11.0 | 4.2 | 18.9 | 187 | 157.1% |
| Germany | 322 | 265 | 114 | 57.5 | -43.7% |
| Slovakia | N/A | 12.2 | 13.9 | 31.6 | 60.9% |
| Serbia | 13.0 | N/A | N/A | 16.6 | 8.5% |
| Croatia | N/A | N/A | 25.4 | N/A | 0% |
| Italy | 46.7 | 30.5 | 16.6 | N/A | -40.4% |
| Netherlands | 27.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 1.4 | 0% |
| Total | 420 | 312 | 188 | 294 | -11.2% |
Top Suppliers of Cereals; Rye, Seed to Hungary in 2022:
- Austria (283.1 tons)
- Slovakia (100.0 tons)
- Germany (48.2 tons)
- Serbia (24.8 tons)
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