Market research

Margarine market in Hungary

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The volume of the margarine market in Hungary grew from 50 302 tonnes in 2020 to 58 234 tonnes in 2021. Subsequently, the market entered a phase of stability, with volumes hovering around 57 600 tonnes from 2022 through 2024, indicating a mature consumption level.

In value terms, the market displayed greater volatility. Starting at $50.1 million in 2020, the market's value rose to $59.2 million in 2021 before a sharp increase to $83.9 million in 2022. It reached a peak of $87.4 million in 2023 before moderating to $81.5 million in 2024, reflecting significant shifts in prices or product mix.

Domestic production ranged between 7 984 and 10 039 tonnes annually during this period. Imports, consistently exceeding 58 000 tonnes per year, supplied the vast majority of the market, while exports saw notable growth, particularly in 2021.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2020-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2020-2024
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2020-2024
    2. 4.1.2.2. Imports, 2018-2025
    3. 4.1.2.3. Exports, 2018-2025
    4. 4.1.2.4. Market size, 2020-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Hungary
  1. 5.1.1. In kind, 2020-2024, t
  2. 5.1.2. In value, 2020-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, t
  2. 5.2.2. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production margarine in Hungary

In value, 2018-2021, K $ US

In 2021, Hungary's margarine output was valued at 9 218 thousand US dollars, marking a moderate decline of 4.5% compared to the previous year.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	(4.5%)	-

Source: SHEV.io

In kind, 2018-2021, t

Hungary produced 10 039 tonnes of margarine in 2021, showing a solid improvement of 22.0% from the year before.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	22.0%	-

Source: SHEV.io

Exports margarine from Hungary

Exports in kind, t

Hungary's margarine exports have increased for the third consecutive year. In 2021, exports totaled 12 674 tonnes, representing a sharp rise of 107.8% year-over-year. Between 2018 and 2021, exports grew by 451.9%, which translates to an annualized rate of 76.7%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	6.3%	149.8%	107.8%	76.7%

Source: SHEV.io

From 2018 to 2021, Romania, Bulgaria, and Slovenia were the top contributors to Hungary's margarine exports in volume terms. Romania accounted for 55.0% of exports, Bulgaria for 16.4%, and Slovenia for 14.2%, together making up 85.6% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Margarine deliveries from Hungary have risen for the third year in a row. In 2021, export value reached 18 388 thousand US dollars, which is 156.5% higher than in 2020. Between 2018 and 2021, exports increased by 311%, equating to an annualized growth rate of 60.2%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	11.8%	43.4%	156.5%	60.2%

Source: SHEV.io

Over the period 2018–2021, Romania, Slovenia, and Bulgaria consistently led Hungary's margarine exports in value terms. Romania contributed 49.1% of export value, Slovenia 22.9%, and Bulgaria 14.6%, collectively accounting for 86.6% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports margarine to Hungary

Imports in kind, t

In 2021, Hungary's margarine imports amounted to 60 869 tonnes, up by 26.4% compared to 2020. Over the 2018-2021 period, imports grew by 14.6%, with a compound annual growth rate of 4.6%. The lowest import volume was recorded in 2020 at 48 168 tonnes, which also saw the largest decline of 20.1%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	13.5%	(20.1%)	26.4%	4.6%

Source: SHEV.io

Throughout 2018–2021, Poland, Belgium, and Romania were the key partners for Hungary's margarine imports in volume terms. Poland accounted for 60.6% of imports, Belgium for 12.4%, and Romania for 5.0%, together representing 77.9% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Hungary imported 68 337 thousand US dollars worth of margarine in 2021, an increase of 43.5% year-over-year. Between 2018 and 2021, imports rose by 27.8%, corresponding to an annualized rate of 8.5%. The minimum import value was in 2020 at 47 618 thousand US dollars, which also experienced the largest decline of 13.1%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	2.5%	(13.1%)	43.5%	8.5%

Source: SHEV.io

From 2018 to 2021, Poland, Belgium, and Italy were the principal sources for Hungary's margarine imports in value terms. Poland made up 57.0% of import value, Belgium 12.7%, and Italy 5.5%, jointly accounting for 75.2% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io