Sauces, mixed condiments and seasonings market in Hungary

Earlier Report Observations

Between 2018 and 2024, the Hungarian market for sauces and condiments showed notable fluctuations in both volume and value. In physical terms, market volume peaked at nearly 26 800 tonnes in 2022 but contracted sharply to around 21 500 tonnes in 2023, stabilizing at a similar level in 2024. Meanwhile, the market's value in USD declined more steeply, falling from USD 61.9 million in 2018 to USD 21.7 million in 2024, with the most pronounced drop occurring between 2023 and 2024.

These market size movements were driven by the interplay of domestic production, imports, and exports. Domestic production of sauces and condiments grew consistently from 28 600 tonnes in 2018 to 42 400 tonnes in 2024, while imports also increased from 17 600 to 25 500 tonnes over the same period. However, export growth was even stronger, rising from 20 800 tonnes to 46 300 tonnes, which ultimately reduced the volume available for domestic consumption in later years.

The year 2023 marked a turning point, as a surge in exports to 37 900 tonnes, combined with a dip in imports, led to a market volume contraction of almost 20%. In value terms, the market's decline accelerated in 2024, with the market size falling by over 40% to USD 21.7 million, reflecting both volume changes and shifts in product mix or pricing.

Production sauces, mixed condiments and seasonings in Hungary

In value, 2018-2021, K $ US

In 2021, Hungary's production of sauces, mixed condiments, and seasonings reached a value of 84 508 thousand US dollars, marking a 19.4% increase compared to 2020. Over the period from 2018 to 2021, production grew by 21%, with a compound annual growth rate of 6.5%. The largest decline occurred in 2020, when production fell by 0.7%.

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

In kind, 2018-2021, t

In 2021, Hungary produced 35 647 tonnes of sauces, mixed condiments, and seasonings, which represents an 18.6% increase from 2020. From 2018 to 2021, production rose by 24.5%, with a compound annual growth rate of 7.6%. The most significant drop was in 2020, with a decline of 5.5%.

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

Exports sauces, mixed condiments and seasonings from Hungary

Exports in kind, t

Hungary's exports of sauces, mixed condiments, and seasonings increased for the third consecutive year. In 2021, exports amounted to 33 599 tonnes, up 28.6% from the previous year. Between 2018 and 2021, exports grew by 61.8%, equivalent to an annualized rate of 17.4%.

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

From 2018 to 2021, the leading destinations for Hungary's exports of sauces, mixed condiments, and seasonings in volume terms were Romania, with 25.1% of exports, the Netherlands at 15.2%, and Germany at 13.7%. Together, these three countries accounted for 54.1% of total export 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, M $ US

Hungary's exports of sauces, mixed condiments, and seasonings in value terms increased for the third year in a row. In 2021, exports totaled 108.4 million US dollars, a sharp rise of 27.5% compared to 2020. Over the 2018-2021 period, exports surged by 97%, with a compound annual growth rate of 25.4%.

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

Data from 2018 to 2021 show that Hungary's exports of sauces, mixed condiments, and seasonings in value terms were not heavily concentrated on a few key markets. Germany accounted for 16.1% of exports, Poland for 13.1%, and Romania for 12.8%, with these three countries together making up only 42.1% 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 sauces, mixed condiments and seasonings to Hungary

Imports in kind, t

Hungary's imports of sauces, mixed condiments, and seasonings grew for the third consecutive year. In 2021, imports reached 23 745 tonnes, a 16.6% increase from 2020. From 2018 to 2021, imports rose by 34.8%, with a compound annual growth rate of 10.5%.

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

Between 2018 and 2021, the main sources for Hungary's imports of sauces, mixed condiments, and seasonings in volume terms were Germany, with 25.9% of imports, Poland at 17.8%, and Austria at 9.9%. Collectively, these three countries represented 53.6% of total import 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, M $ US

Hungary's imports of sauces, mixed condiments, and seasonings in value terms increased for the third year running. In 2021, imports amounted to 63.3 million US dollars, a strong year-over-year rise of 21.2%. Between 2018 and 2021, imports grew by 34.5%, equivalent to an annualized rate of 10.4%.

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

From 2018 to 2021, the primary sources for Hungary's imports of sauces, mixed condiments, and seasonings in value terms were Germany, with 26.6% of imports, Austria at 15.1%, and Poland at 10.6%. This group accounted for a combined 52.3% of total import flows.

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

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