Hungary - Chewing Gum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChewing Gum Price in Hungary - 2023
Contents:
- Chewing Gum Price in Hungary (FOB) - 2023
- Chewing Gum Price in Hungary (CIF) - 2023
- Chewing Gum Exports in Hungary
- Chewing Gum Imports in Hungary
Chewing Gum Price in Hungary (FOB) - 2023
In June 2023, the average chewing gum export price amounted to $13,470 per ton, rising by 9.2% against the previous month. Over the period under review, export price indicated moderate growth from June 2022 to June 2023: its price increased at an average monthly rate of +4.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, chewing gum export price increased by +105.3% against November 2022 indices. The most prominent rate of growth was recorded in September 2022 an increase of 29% month-to-month. Over the period under review, the average export prices attained the maximum in June 2023.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Bosnia and Herzegovina ($25,990 per ton), while the average price for exports to Italy ($3,169 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Chewing Gum Price in Hungary (CIF) - 2023
The average chewing gum import price stood at $5,520 per ton in June 2023, stabilizing at the previous month. Over the period under review, the import price, however, showed a mild downturn. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 48% against the previous month. Over the period under review, average import prices reached the maximum at $8,659 per ton in February 2023; however, from March 2023 to June 2023, import prices remained at a lower figure.
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 ($12,467 per ton), while the price for Colombia ($2,855 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 France (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Chewing Gum Exports in Hungary
For the fourth consecutive year, Hungary recorded growth in shipments abroad of chewing gum, which increased by 9% to 1.1K tons in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 68%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, chewing gum exports skyrocketed to $9.8M in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 44%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.
| Export of Chewing Gum in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 1,063 | 2,676 | 2,241 | 3,889 | 54.1% |
| Poland | 603 | 850 | 1,739 | 2,175 | 53.4% |
| Slovakia | 108 | 43.7 | 651 | 933 | 105.2% |
| Romania | 146 | 109 | 1,030 | 484 | 49.1% |
| Croatia | 73.8 | 89.2 | 95.5 | 389 | 74.0% |
| Germany | 86.3 | 46.8 | 194 | 371 | 62.6% |
| Italy | 154 | 125 | 149 | 328 | 28.7% |
| Czech Republic | 129 | 82.3 | 180 | 241 | 23.2% |
| Bosnia and Herzegovina | 981 | 861 | 131 | 154 | -46.1% |
| Netherlands | 40.8 | 53.9 | 219 | 110 | 39.2% |
| Brazil | 55.9 | 88.0 | N/A | 106 | 23.8% |
| Iraq | 35.4 | 73.1 | 34.3 | 106 | 44.1% |
| Israel | 87.6 | 149 | 115 | 92.7 | 1.9% |
| Others | 281 | 274 | 422 | 470 | 18.7% |
| Total | 3,844 | 5,520 | 7,200 | 9,849 | 36.8% |
Top Export Markets for Chewing Gum from Hungary in 2022:
- Serbia (234.3 tons)
- Poland (229.5 tons)
- Italy (101.6 tons)
- Germany (100.6 tons)
- Slovakia (77.3 tons)
- Romania (65.4 tons)
- Czech Republic (45.6 tons)
- Iraq (33.9 tons)
- Israel (30.6 tons)
- Bosnia and Herzegovina (28.6 tons)
- Croatia (28.3 tons)
- Netherlands (26.8 tons)
- Brazil (22.0 tons)
Chewing Gum Imports in Hungary
In 2022, supplies from abroad of chewing gum decreased by -8% to 462 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2021 with an increase of 75%. As a result, imports reached the peak of 502 tons, and then dropped in the following year.
In value terms, chewing gum imports expanded slightly to $2.7M in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 85%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Chewing Gum in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 57.6 | N/A | 339 | 584 | 116.4% |
| North Macedonia | 115 | 151 | 211 | 336 | 43.0% |
| United Kingdom | 170 | 207 | 412 | 315 | 22.8% |
| France | N/A | N/A | 1.2 | 210 | 17400.0% |
| Cyprus | N/A | N/A | 363 | 184 | -49.3% |
| Germany | 288 | 168 | 164 | 170 | -16.1% |
| Colombia | 32.9 | 65.2 | 105 | 170 | 72.9% |
| Netherlands | N/A | N/A | 22.5 | 155 | 588.9% |
| Romania | 71.4 | 89.6 | 101 | 148 | 27.5% |
| Slovakia | 124 | 269 | 152 | 122 | -0.5% |
| Poland | 48.2 | 107 | 420 | 75.5 | 16.1% |
| Czech Republic | 214 | 170 | 189 | 46.6 | -39.8% |
| Brazil | 78.5 | 66.9 | 64.9 | 43.8 | -17.7% |
| Others | 117 | 107 | 40.4 | 115 | -0.6% |
| Total | 1,318 | 1,400 | 2,584 | 2,674 | 26.6% |
Top Suppliers of Chewing Gum to Hungary in 2022:
- Spain (114.6 tons)
- North Macedonia (79.1 tons)
- Colombia (68.5 tons)
- United Kingdom (49.0 tons)
- Romania (32.6 tons)
- Poland (19.7 tons)
- Slovakia (17.4 tons)
- Cyprus (17.2 tons)
- Netherlands (15.1 tons)
- Germany (12.1 tons)
- Brazil (9.5 tons)
- Czech Republic (7.4 tons)
- France (7.2 tons)
This report provides an in-depth analysis of the chewing gum 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 10822310 - Chewing gum
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
-
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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