Hungary: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Hungary

In 2022, the Hungarian orange juice (single strength) market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, showed a modest increase. Over the period under review, the market reached the peak level at $X in 2021, and then declined significantly in the following year.

Production of Orange Juice (Single Strength) in Hungary

In value terms, orange juice (single strength) production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production showed a mild shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. Orange juice (single strength) production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Orange Juice (Single Strength)

Exports from Hungary

In 2022, shipments abroad of orange juice (single strength) increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports posted a tangible expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, orange juice (single strength) exports surged to $X in 2022. Overall, total exports indicated a tangible increase 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. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons), Slovakia (X tons) and the Czech Republic (X tons) were the main destinations of orange juice (single strength) exports from Hungary, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for orange juice (single strength) exported from Hungary were Austria ($X), Slovakia ($X) and the Czech Republic ($X), together comprising X% of total exports.

In terms of the main countries of destination, Austria, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 orange juice (single strength) export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price recorded a perceptible descent. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Poland ($X per ton) and Romania ($X per ton), while the average price for exports to Slovenia ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced a decline.

Imports of Orange Juice (Single Strength)

Imports into Hungary

In 2022, after three years of growth, there was significant decline in supplies from abroad of orange juice (single strength), when their volume decreased by X% to X tons. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then reduced remarkably in the following year.

In value terms, orange juice (single strength) imports fell remarkably to $X in 2022. Over the period under review, total imports indicated a resilient increase 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 most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

Poland (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of orange juice (single strength) imports to Hungary, with a combined X% share of total imports. The Czech Republic and Romania lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest orange juice (single strength) suppliers to Hungary were Germany ($X), Poland ($X) and Austria ($X), with a combined X% share of total imports. The Czech Republic and Romania lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Romania, with a CAGR of X%, recorded the highest growth rate of 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 orange juice (single strength) import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, recorded a mild contraction. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :