Provisionally preserved fruit and nuts market in Hungary

Earlier Report Observations

The Hungarian market for provisionally preserved fruit and nuts exhibited significant volatility in physical volume from 2018 to 2023. After an initial drop to 2 595 t in 2019, the market recovered over the next two years, surpassing 3 100 t in 2021, before another contraction in 2022.

A dramatic turnaround occurred in 2023, with market volume surging by 44% to reach 4 055 t. This peak was supported by a concurrent jump in domestic production, which increased to 4 018 t, while import volumes also rose notably compared to the prior year.

In monetary terms, the market value mirrored the volatile trend, falling sharply to 1.6 million USD in 2019 before a steady recovery led it to 3.1 million USD by 2023, suggesting underlying shifts in pricing or the mix of products consumed.

Production provisionally preserved fruit and nuts in Hungary

In value, 2018-2021, K $ US

Hungary's production of provisionally preserved fruit and nuts has increased for the second consecutive year. In 2021, output was valued at 2 420 K $ US, marking a 17.6% rise compared to the previous year. However, looking at the period from 2018 to 2021, overall production decreased by 16.8%, with a compound annual growth rate of 5.9%. The lowest value was recorded in 2019 at 1 921 K $ US, which also saw the largest decline of 34.0%.

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

In kind, 2018-2021, t

Production of provisionally preserved fruit and nuts in Hungary has risen for the second year in a row. In 2021, Hungary produced 2 960 tonnes, up by 2.8% from the previous year. Over the broader period from 2018 to 2021, production fell by 16.6%, equivalent to an annualized rate of 5.9%. The lowest output was in 2019 at 2 733 tonnes, which experienced the largest decline of 23.0%. In contrast, the biggest increase occurred in 2020, with a 5.3% rise.

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

Exports provisionally preserved fruit and nuts from Hungary

Exports in kind, t

The market exhibited volatility during the observed period. Export volumes peaked in 2019 at 279.6 tonnes and dropped to a low of 19.6 tonnes in 2021, representing a 14.3-fold difference. In 2021, exports from Hungary amounted to 19.6 tonnes, a sharp decrease of 79.2% compared to the previous year. The largest increase was recorded in 2019, with a 76.6% rise.

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

From 2018 to 2021, Austria was the primary buyer of provisionally preserved fruit and nuts from Hungary, accounting for 78.6% of total exports in volume. The remaining share was distributed among a diverse group of other countries.

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

Market behavior was marked by volatility in these years. Exports reached their highest value in 2019 at 782.7 K $ US and fell to their lowest in 2021 at 76.4 K $ US, showing a 10.2-fold gap. In 2021, exports totaled 76.4 K $ US, down by 78.0% from the year before. The largest increase occurred in 2019, with an 84.0% rise.

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

Between 2018 and 2021, Austria remained the dominant partner for Hungary's exports of provisionally preserved fruit and nuts in value terms, holding an 81.1% share of total flows. Other markets collectively formed a long tail of smaller destinations.

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

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

Imports provisionally preserved fruit and nuts to Hungary

Imports in kind, t

The market showed signs of volatility over the observed period. Import volumes were at their lowest in 2018 and peaked in 2021 at 165.8 tonnes, varying by 2.5 times. In 2021, imports into Hungary reached 165.8 tonnes, a significant increase of 98.8% from the previous year. The largest decline was in 2020, with a 41.1% drop, while the largest increase was in 2019, with a 116.1% rise.

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

From 2018 to 2021, the Netherlands and Germany clearly dominated Hungary's import structure for provisionally preserved fruit and nuts in volume, with other countries making up the remainder.

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

Volatility characterized the market during these years. Imports were at their lowest in 2018 and highest in 2021 at 634.0 K $ US, reflecting a 2.7-fold gap. In 2021, imports totaled 634.0 K $ US, up by 46.2% compared to 2020. The largest decline was in 2020, with a 7.3% decrease, while the largest increase was in 2019, with a 97.9% rise.

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

In the period from 2018 to 2021, the Netherlands held the dominant position in Hungary's imports of provisionally preserved fruit and nuts in value terms, accounting for 74.2% of total flows. The remaining share was split among various smaller destinations.

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

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