Spices; Mixtures Price in Hungary - 2023
Contents:
- Spices; Mixtures Price in Hungary (FOB) - 2022
- Spices; Mixtures Price in Hungary (CIF) - 2023
- Spices; Mixtures Exports in Hungary
- Spices; Mixtures Imports in Hungary
Spices; Mixtures Price in Hungary (FOB) - 2022
In 2022, the average spices; mixtures export price amounted to $31,044 per ton, which is down by -33.2% against the previous year. In general, the export price, however, saw prominent growth. The growth pace was the most rapid in 2019 when the average export price increased by 96%. The export price peaked at $46,483 per ton in 2021, and then contracted significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($57,978 per ton), while the average price for exports to Croatia ($1,869 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 Austria (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Price in Hungary (CIF) - 2023
The average spices; mixtures import price stood at $6,296 per ton in June 2023, falling by -2.3% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 20% against the previous month. As a result, import price attained the peak level of $8,056 per ton. From January 2023 to June 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($14,587 per ton), while the price for Poland ($2,940 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Exports in Hungary
Spices; mixtures exports from Hungary soared to 247 tons in 2022, picking up by 22% compared with 2021 figures. The total export volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years.
In value terms, spices; mixtures exports fell markedly to $7.7M in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 129% against the previous year.
| Export of Spices; Mixtures in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.9 | 5.8 | 6.1 | 4.8 | 74.7% |
| Austria | 2.3 | 2.5 | 3.0 | 2.3 | 0.0% |
| Slovakia | 0.3 | 0.1 | 0.2 | 0.4 | 10.1% |
| Czech Republic | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Sweden | N/A | N/A | N/A | 0.1 | 0% |
| Croatia | N/A | N/A | N/A | N/A | 0% |
| Netherlands | 0.1 | N/A | N/A | N/A | 0% |
| Romania | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 3.8 | 8.8 | 9.4 | 7.7 | 26.5% |
Top Export Markets for Spices; Mixtures from Hungary in 2022:
- Netherlands (undefined tons)
- Germany (82.3 tons)
- Austria (55.0 tons)
- Slovakia (49.5 tons)
- Sweden (19.2 tons)
- Croatia (17.1 tons)
- Czech Republic (11.1 tons)
- Romania (6.0 tons)
Spices; Mixtures Imports in Hungary
In 2022, supplies from abroad of spices; mixtureses was finally on the rise to reach 582 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a abrupt contraction.
In value terms, spices; mixtures imports skyrocketed to $3.7M in 2022. Over the period under review, imports, however, continue to indicate a slight shrinkage.
| Import of Spices; Mixtures in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 213 | 228 | 325 | 1,117 | 73.7% |
| Austria | 820 | 958 | 780 | 952 | 5.1% |
| Slovakia | 345 | 489 | 552 | 752 | 29.7% |
| Germany | 773 | 757 | 658 | 347 | -23.4% |
| Belgium | 595 | 50.9 | 81.6 | 105 | -43.9% |
| Romania | 10.2 | 1.4 | 19.8 | 96.5 | 111.5% |
| Spain | 0.6 | 0.5 | 3.1 | 78.3 | 407.2% |
| Thailand | 777 | 401 | 9.0 | 8.8 | -77.5% |
| Others | 335 | 364 | 205 | 209 | -14.6% |
| Total | 3,868 | 3,249 | 2,634 | 3,666 | -1.8% |
Top Suppliers of Spices; Mixtures to Hungary in 2022:
- Netherlands (171.1 tons)
- Austria (167.3 tons)
- Slovakia (113.9 tons)
- Germany (35.4 tons)
- Romania (25.7 tons)
- Spain (22.1 tons)
- Belgium (10.8 tons)
- Thailand (0.6 tons)
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