Wheat and meslin flour and cereals market in Hungary

Earlier Report Observations

The Hungarian market for wheat and meslin flour and cereals displayed considerable volatility between 2018 and 2024. After a period of relative stability from 2018 to 2021, where domestic market volume fluctuated between 719 and 752 thousand tonnes, a sharp expansion occurred in 2022. The market's value showed a similar pattern, rising markedly in the middle of the period after initial steadiness.

The year 2022 marked a clear peak for the sector, with market volume surging to 848 thousand tonnes and value jumping to 352.1 million USD. This growth was followed by a substantial correction in 2023, as volume fell back to 721 thousand tonnes and value decreased to 331.6 million USD. The contraction continued into 2024, with the market settling at 715 thousand tonnes valued at 264.9 million USD.

Overall, the market's size in 2024 returned close to its pre-peak levels observed in 2018-2021. The pronounced swing in 2022 and the subsequent adjustment define the period's dynamics, highlighting the market's sensitivity to broader conditions.

Production wheat and meslin flour and cereals in Hungary

In value, 2018-2021, M $ US

In 2021, Hungary's production of wheat and meslin flour and cereals reached a value of 315.5 million US dollars, marking a year-over-year increase of 14.2%. Over the period from 2018 to 2021, production grew by 16.8%, with a compound annual growth rate of 5.3%. The largest decline occurred in 2020, when production fell by 3.0%.

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

In kind, 2018-2021, K t

Top producers of wheat and meslin flour and cereals, 2018-2021

World map of production of wheat and meslin flour and cereals, 2018-2021

Hungary's production of wheat and meslin flour and cereals declined for the second consecutive year. In 2021, output totaled 903.8 thousand tonnes, reflecting a slight decrease of 2.8% compared to 2020. From 2018 to 2021, production decreased by 2.6%, with a compound annual growth rate of 0.9%. The peak was recorded in 2019 at 941.4 thousand tonnes, which also saw the largest increase of 1.4%.

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

Exports wheat and meslin flour and cereals from Hungary

Exports in kind, K t

Hungary's exports of wheat and meslin flour and cereals declined for the second year in a row. In 2021, export volume stood at 240.8 thousand tonnes, showing a modest drop of 2.4% from 2020. The highest volume was recorded in 2019 at 270.4 thousand tonnes, which also experienced the largest increase of 11.3%. The most significant decline occurred in 2020, with a decrease of 8.7%.

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

From 2018 to 2021, the main destinations for Hungary's exports of wheat and meslin flour and cereals in kind were Romania, Slovakia, and Croatia. Romania accounted for 53.1% of exports, Slovakia for 19.7%, and Croatia for 9.3%, together making up 82.1% of total 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, K $ US

In 2021, Hungary's exports of wheat and meslin flour and cereals amounted to 87 988 thousand US dollars, representing a strong year-over-year increase of 13.8%. Between 2018 and 2021, exports grew by 20.2%, equivalent to an annualized rate of 6.3%. The largest decline was recorded in 2020, with a drop of 6.8%.

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

From 2018 to 2021, the primary destinations for Hungary's exports of wheat and meslin flour and cereals in value terms were Romania, Slovakia, and Poland. Romania contributed 50.0% of exports, Slovakia 19.2%, and Poland 10.4%, collectively accounting for 79.6% of total exports.

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

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

Imports wheat and meslin flour and cereals to Hungary

Imports in kind, K t

After a two-year decline, Hungary's imports of wheat and meslin flour and cereals in kind increased. In 2021, import volume reached 56.0 thousand tonnes, showing a robust uptick of 17.7% compared to the previous year. Over the period from 2018 to 2021, imports decreased by 15.5%, with a compound annual growth rate of 5.5%. The lowest volume was recorded in 2020 at 47.6 thousand tonnes, while the largest decline occurred in 2019, with a decrease of 17.5%.

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

Between 2018 and 2021, Slovakia dominated Hungary's imports of wheat and meslin flour and cereals in kind, accounting for 75.0% of total flows, 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

Following a two-year reduction, Hungary's imports of wheat and meslin flour and cereals in value terms increased. In 2021, imports totaled 19 810 thousand US dollars, marking a steep year-over-year rise of 26.5%. From 2018 to 2021, imports decreased by 2.6%, with a compound annual growth rate of 0.9%. The lowest value was recorded in 2020 at 15 663 thousand US dollars, which also saw the largest decline of 18.4%.

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

From 2018 to 2021, the biggest contributors to Hungary's imports of wheat and meslin flour and cereals in value terms were Slovakia, Austria, and Italy. Slovakia accounted for 63.4% of imports, Austria for 10.0%, and Italy for 6.5%, together representing 79.9% 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