Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hungary - 2023

Contents:

1. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hungary (CIF) - 2023
2. Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hungary (FOB) - 2022
3. Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hungary
4. Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hungary

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hungary (CIF) - 2023

The average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $2,974 per ton in November 2023, dropping by -20.4% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average import price increased by 109% m-o-m. As a result, import price reached the peak level of $5,293 per ton. From July 2023 to November 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($2,981 per ton), while the price for the Netherlands totaled $2,611 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Serbia (+59.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hungary (FOB) - 2022

The average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $10,220 per ton in 2022, surging by 198% against the previous year. Overall, the export price saw a significant expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 250%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($11,000 per ton), while the average price for exports to Slovakia ($2,610 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+37.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hungary

In 2022, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 into Hungary soared to 157 tons, increasing by 50% compared with the previous year's figure. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +8.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.0% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 54% against the previous year. As a result, imports reached the peak of 191 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of flour and meal; of the dried leguminous vegetables of heading no. 0713 surged to $384K in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 to Hungary in 2022:

1. Germany (97.5 tons)
2. Denmark (46.3 tons)
3. Serbia (7.2 tons)
4. Netherlands (2.6 tons)
5. Belgium (0.1 tons)

Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Hungary

In 2022, the amount of flour and meal; of the dried leguminous vegetables of heading no. 0713 exported from Hungary surged to 9.5 tons, increasing by 1,397% against the year before. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 surged to $98K in 2022. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 from Hungary in 2022:

1. Slovakia (6.3 tons)
2. Romania (2.7 tons)

Source: IndexBox Market Intelligence Platform