Milk powder with fat content of >1.5% market in Hungary

Earlier Report Observations

The Hungarian market for milk powder with fat content over 1.5% expanded rapidly from 8 909 t in 2018 to 11 259 t in 2020. This growth was primarily driven by increasing imports, which rose from 1 008 t to 1 351 t over the period, as new imported products entered the market and created price competition with domestic offerings. Domestic production also rose steadily from 7 920 t to 9 922 t, supported by stable raw milk availability despite stagnation in national raw milk output. Global dairy price declines in 2020 made imports more attractive, further boosting market volume.

Market growth slowed in 2021, reaching a peak of 11 626 t, with imports continuing to climb to 1 694 t due to rising inflows of condensed and sweetened milk and cream products. The market then stabilized in 2022 at 11 402 t, before contracting to 10 923 t in 2023. This period saw falling European dairy prices, which pressured local producer margins, and increased costs such as road tolls that raised production expenses. Competitive pressure from imported goods persisted, while the market remained concentrated with low investment appetite, limiting production expansion.

Production milk powder with fat content of >1.5% in Hungary

In kind, 2018-2021, K t

Top producers of milk powder with fat content of >1.5%, 2018-2021

World map of production of milk powder with fat content of >1.5%, 2018-2021

Hungary's production of milk powder with a fat content exceeding 1.5% has grown for the third consecutive year. In 2021, Hungary produced 10 thousand tons of this milk powder, marking a slight increase of 0.8% compared to 2020. From 2018 to 2021, production rose by 26.2%, which translates to an average annual growth rate of 8.1%.

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

Exports milk powder with fat content of >1.5% from Hungary

Exports in kind, t

The market showed an unstable trend over this period. Exports reached their lowest point in 2020 at 15 tons and peaked in 2021 at 64 tons, representing a 4.4-fold difference. In 2021, Hungary exported 64 tons of milk powder with a fat content above 1.5%, reflecting a sharp increase of 339.6% from the previous year. The largest decline occurred in 2020, with a drop of 48.1%.

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

From 2018 to 2021, three key markets—Germany, Denmark, and Austria—collectively accounted for 75.9% of Hungary's total exports in volume of milk powder with a fat content over 1.5%.

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

The market exhibited volatility during these years. Exports hit their lowest point in 2020 at 58 thousand US dollars and peaked in 2021 at 274 thousand US dollars, showing a 4.7-fold variation. In 2021, Hungary's export value for this milk powder reached 274 thousand US dollars, corresponding to a steep gain of 370.4% compared to 2020. The largest decline was recorded in 2020, with a decrease of 44.3%.

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

Between 2018 and 2021, Germany (39.4% of exports by value), Denmark (26.2%), and Austria (10.6%) remained the leading destinations in Hungary's export structure by value, together representing 76.2% of total 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 milk powder with fat content of >1.5% to Hungary

Imports in kind, t

Hungary's imports of milk powder with a fat content above 1.5% have increased for the third consecutive year. In 2021, imports reached 1 694 tons, showing an abrupt uptick of 25.3% from the previous year. From 2018 to 2021, imports grew by 68%, equating to an average annual rate of 18.9%.

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

Throughout 2018–2021, Czechia (36.1% of imports by volume), France (20.5%), and Germany (16.4%) formed the core of Hungary's imports by volume, together accounting for 73.0% of total flows.

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 import volume of milk powder with a fat content exceeding 1.5% has risen for the third consecutive year. In 2021, imports amounted to 5 963 thousand US dollars, equivalent to a steep rise of 32.6% over the past year. Between 2018 and 2021, imports increased by 77.7%, which translates to an average annual growth rate of 21.1%.

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

From 2018 to 2021, Czechia (36.2% of imports by value), Germany (20.7%), and France (16.3%) formed the core of Hungary's imports by value, together representing 73.2% of total flows.

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

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