Homogenised composite food preparations market in Hungary

Earlier Report Observations

The market volume for homogenised composite food preparations in Hungary expanded from 6 962 t in 2018 to 7 696 t in 2020, before contracting to 7 269 t in 2021. In value terms, the market reached 24.4 million USD in 2020, up from 22.9 million USD in 2018. This initial growth phase was supported by broader EU trends, including a reported 15% rise in export volumes and a 1.6% increase in production across the bloc in 2018, which contributed to stable trade conditions.

The market landscape shifted with the 2022 implementation of new EU regulations, such as Regulation (EU) 2022/1616 on recycled plastics in food contact materials and stricter rules for composite product composition and labeling. These changes directly affected packaging requirements and quality control for homogenised preparations. Subsequently, the Hungarian market volume jumped to 9 077 t in 2023, while its value rose significantly to 32.2 million USD. By 2024, the market moderated to 8 316 t, valued at 30.2 million USD, reflecting an adjustment period following the regulatory changes.

Production homogenised composite food preparations in Hungary

In value, 2018-2021, K $ US

Hungary's production of homogenised composite food preparations in monetary terms increased after two consecutive years of decline. In 2021, output reached 34 028 thousand US dollars, representing a modest year-over-year increase of 2.2%. Over the 2018-2021 period, production decreased by 9.1%, with a compound annual growth rate of -3.1%. The lowest value was recorded in 2020 at 33 310 thousand US dollars, while the largest decline occurred in 2019 with a 9.7% drop.

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

In kind, 2018-2021, t

Hungary's production of homogenised composite food preparations in physical terms declined for the third consecutive year. In 2021, output amounted to 10 559 tonnes, reflecting a slight year-over-year decrease of 0.9%. Over the 2018-2021 period, production decreased by 10.5%, with a compound annual growth rate of -3.6%.

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

Exports homogenised composite food preparations from Hungary

Exports in kind, t

Hungary's exports of homogenised composite food preparations in physical terms increased after two years of decline. In 2021, exports reached 5 836 tonnes, marking a significant year-over-year increase of 12.9%. Over the 2018-2021 period, exports decreased by 15.8%, with a compound annual growth rate of -5.6%. The lowest value was recorded in 2020 at 5 169 tonnes, which also saw the largest decline of 18.2%.

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

Between 2018 and 2021, Germany, Austria, and Poland were the main destinations for Hungary's exports of homogenised composite food preparations in physical terms. Germany accounted for 43.3% of exports, Austria for 10.6%, and Poland for 10.2%, together representing 64.1% of total export volume.

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 exports of homogenised composite food preparations in monetary terms increased after two years of decline. In 2021, exports reached 18 053 thousand US dollars, showing a notable year-over-year advance of 18.7%. Over the 2018-2021 period, exports decreased by 11.8%, with a compound annual growth rate of -4.1%. The lowest value was recorded in 2020 at 15 206 thousand US dollars, which also experienced the largest decline of 14.9%.

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

Between 2018 and 2021, Germany, Austria, and Poland were the primary destinations for Hungary's exports of homogenised composite food preparations in monetary terms. Germany accounted for 41.4% of export value, Austria for 11.4%, and Poland for 10.8%, together representing 63.6% of total export flows.

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

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

Imports homogenised composite food preparations to Hungary

Imports in kind, t

Hungary's imports of homogenised composite food preparations in physical terms increased in 2021, reaching 2 546 tonnes, which represents a year-over-year increase of 14.9%. Over the 2018-2021 period, imports grew by 21.6%, with a compound annual growth rate of 6.7%. The largest decline occurred in 2020 with a 4.4% drop.

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

Between 2018 and 2021, Hungary's imports of homogenised composite food preparations in physical terms were heavily concentrated on Germany, which accounted for 82.3% of total import volume. The remaining imports were distributed among other trading partners.

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 imports of homogenised composite food preparations in monetary terms increased significantly in 2021, totalling 7 979 thousand US dollars, marking a dramatic year-over-year uptick of 26.8%. Over the 2018-2021 period, imports grew by 34.3%, with a compound annual growth rate of 10.3%. The largest decline occurred in 2020 with a 2.8% decrease.

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

Between 2018 and 2021, Germany dominated Hungary's imports of homogenised composite food preparations in monetary terms, accounting for 83.3% of total import value. The remaining imports were scattered across multiple smaller partners.

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

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