Hungary: Sesame Seed Market 2024

Sesame Seed Market Size in Hungary

The Hungarian sesame seed market reduced slightly to $X in 2022, declining by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Sesame Seed Exports

Exports from Hungary

In 2022, after two years of growth, there was significant decline in shipments abroad of sesame seed, when their volume decreased by X% to X tons. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, sesame seed exports fell to $X in 2022. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Romania (X tons) was the main destination for sesame seed exports from Hungary, accounting for a X% share of total exports. Moreover, sesame seed exports to Romania exceeded the volume sent to the second major destination, Slovakia (X tons), twofold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Romania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Turkey (X% per year).

In value terms, Romania ($X), Slovakia ($X) and Croatia ($X) appeared to be the largest markets for sesame seed exported from Hungary worldwide, together accounting for X% of total exports. Turkey, the Czech Republic, Serbia and Slovenia lagged somewhat behind, together accounting for a further X%.

Slovenia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sesame seed export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sesame seed export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Turkey ($X 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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sesame Seed Imports

Imports into Hungary

In 2022, approx. X tons of sesame seed were imported into Hungary; declining by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, sesame seed imports totaled $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

India (X tons), Germany (X tons) and Croatia (X tons) were the main suppliers of sesame seed imports to Hungary, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sesame seed suppliers to Hungary were India ($X), Germany ($X) and Croatia ($X), together accounting for X% of total imports.

In terms of the main suppliers, Croatia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sesame seed import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sesame seed import price increased by X% against 2019 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Turkey ($X per ton), while the price for Slovenia ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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