Capsicum and pimenta fruits market in Hungary

Earlier Report Observations

Between 2018 and 2023, the Hungarian capsicum and pimenta fruits market showed notable volatility in physical volume, peaking at 93.3 thousand tons in 2019 before declining to 77.2 thousand tons in 2022 and partially recovering to 81.2 thousand tons in 2023. In value terms, the market demonstrated more consistent growth, rising from 108.8 million dollars in 2018 to 141.0 million dollars in 2023, indicating significant shifts in price levels or product mix over the period.

The market's physical volume contracted in 2020 and again in 2022, while its monetary value continued to increase through 2021 before a drop in 2022. The sharp value recovery of 23.5% in 2023, coupled with a 5.2% volume increase, suggests a changing market structure, potentially driven by higher-value segments or improved pricing conditions after a challenging previous year.

During 2022, broader European market developments included the expansion of snack bell pepper production by key players like Frestia into Portugal, which reinforced regional supply chains. Concurrently, growing consumer awareness of health benefits and the rise of plant-based diets continued to shape demand patterns for capsicum products across the continent.

Production capsicum and pimenta fruits in Hungary

In kind, 2018-2021, K t

Top producers of capsicum and pimenta fruits, 2018-2021

World map of production of capsicum and pimenta fruits, 2018-2021

In 2021, Hungary produced 92.8 thousand tons of capsicum and pimenta fruits, marking a gradual year-over-year improvement of 6.5%. Production peaked in 2019 at 102.6 thousand tons, then fell to its lowest point in 2020 at 87.1 thousand tons, representing a significant decline of 15.1%. Overall, between 2018 and 2021, production decreased by 6.2%, which equates to an annualized rate of 2.1%.

Annual dynamics of production in Hungary in kind, 2018-2021, K t

In value, 2018-2021, M $ US

In 2021, the output of capsicum and pimenta fruits in Hungary was valued at 147.4 million US dollars, showing a moderate increase of 9.3% compared to the previous year. The largest increase occurred in 2019, with a rise of 12.3%, while the largest decline was recorded in 2020 at 0.0%. Over the period from 2018 to 2021, production increased by 22.8%, corresponding to a compound annual growth rate of 7.1%.

Annual dynamics of production in Hungary in value, 2018-2021, M $ US

Exports capsicum and pimenta fruits from Hungary

Exports in kind, t

Hungary's volume of capsicum and pimenta fruits exports increased in 2021, totaling 23 469 tons, which represents a strong advance of 23.0% compared to 2020. This follows a two-year drop, with the minimum value recorded in 2020 at 19 081 tons, marking a decline of 13.3%. Between 2018 and 2021, exports increased by 3%, equating to an annualized rate of 1.0%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, t

From 2018 to 2021, Germany, Austria, and Slovakia formed the main cluster of markets for Hungary's capsicum and pimenta fruits exports in kind. Germany accounted for 58.6% of exports, Austria for 12.1%, and Slovakia for 10.4%, with their combined share reaching 81.1% of total flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Hungary in kind, 2018-2021

Exports in value, K $ US

Hungary's capsicum and pimenta fruits export volumes increased for the third consecutive year in 2021, reaching 37 290 thousand US dollars, which constitutes an improvement of 26.3% compared to 2020. Between 2018 and 2021, exports increased by 34.8%, equating to an annualized rate of 10.5%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

From 2018 to 2021, Germany, Slovakia, and Austria continued to head the list of buyers for Hungary's capsicum and pimenta fruits in value terms. Germany accounted for 62.7% of exports, Slovakia for 10.0%, and Austria for 8.4%, jointly taking 81.1% of total exports in value terms.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Hungary in value, 2018-2021

Imports capsicum and pimenta fruits to Hungary

Imports in kind, t

Hungary's capsicum and pimenta fruits import volume increased for the third consecutive year in 2021, recorded at 15 573 tons, equivalent to a gradual uptick of 3.4% year-over-year. Over the period from 2018 to 2021, imports increased by 47.9%, with a compound annual growth rate of 13.9%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, t

Over the period from 2018 to 2021, Spain, Germany, and North Macedonia headed the ranking of suppliers of capsicum and pimenta fruits to Hungary in kind. Spain accounted for 37.8% of imports, Germany for 15.9%, and North Macedonia for 7.9%, with their combined share reaching 61.5% of total imports in kind.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Hungary in kind, 2018-2021

Imports in value, K $ US

Hungary's capsicum and pimenta fruits imports increased for the third consecutive year in 2021, amounting to 23 168 thousand US dollars, which represents a gradual rise of 7.9% from 2020. Between 2018 and 2021, imports increased by 40.7%, equating to an annualized rate of 12.1%.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

From 2018 to 2021, Spain, Germany, and Turkey together absorbed 66.8% of total imports in value terms of capsicum and pimenta fruits to Hungary, making them the main directions. Spain accounted for 43.3% of imports, Germany for 16.6%, and Turkey for 6.8%.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Hungary in value, 2018-2021