Hungary: Chick Peas Market 2024

Chick Peas Market Size in Hungary

In 2023, the Hungarian chick peas market was finally on the rise to reach $X for the first time since 2020, thus ending a two-year declining trend. In general, consumption recorded a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Chick Peas Production in Hungary

In value terms, chick peas production declined to $X in 2023 estimated in export price. Over the period under review, production, however, enjoyed strong growth. The growth pace was the most rapid in 2013 when the production volume increased by X%. Chick peas production peaked at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

The average yield of chick peas in Hungary dropped slightly to X tons per ha in 2023, remaining relatively unchanged against 2022 figures. In general, the yield, however, showed a significant increase. The pace of growth was the most pronounced in 2013 when the yield increased by X%. Over the period under review, the average chick peas yield reached the maximum level at X tons per ha in 2014; however, from 2015 to 2023, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of chick peas were harvested in Hungary; approximately equating the previous year's figure. Overall, the harvested area showed noticeable growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to chick peas production reached the maximum at X ha in 2017; however, from 2018 to 2023, the harvested area remained at a lower figure.

Chick Peas Exports

Exports from Hungary

In 2023, the amount of chick peas exported from Hungary shrank sharply to X tons, waning by X% compared with the year before. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, chick peas exports rose modestly to $X in 2023. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Croatia (X tons) was the main destination for chick peas exports from Hungary, with a X% share of total exports. Moreover, chick peas exports to Croatia exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. Slovakia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Croatia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Slovakia (X% per year).

In value terms, Croatia ($X) emerged as the key foreign market for chick peas exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Serbia ($X), with an X% share of total exports. It was followed by Slovenia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Croatia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Slovenia (X% per year).

Export Prices by Country

The average chick peas export price stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Chick Peas Imports

Imports into Hungary

In 2023, after two years of decline, there was significant growth in supplies from abroad of chick peas, when their volume increased by X% to X tons. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, chick peas imports skyrocketed to $X in 2023. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Slovakia (X tons) and Poland (X tons) were the main suppliers of chick peas imports to Hungary, together comprising X% of total imports. Romania, Belgium, the Netherlands, Turkey, Canada and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest chick peas suppliers to Hungary were Slovakia ($X), France ($X) and Poland ($X), with a combined X% share of total imports. Romania, Belgium, the Netherlands, Turkey, Germany and Canada lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to 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 chick peas import price stood at $X per ton in 2023, jumping by X% against the previous year. Overall, the import price posted a mild expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform