Price for Flour and Meal; of Potatoes in Hungary - 2023

Contents:

1. Price for Flour and Meal; of Potatoes in Hungary (CIF) - 2022
2. Price for Flour and Meal; of Potatoes in Hungary (FOB) - 2022
3. Imports of Flour and Meal; of Potatoes in Hungary
4. Exports of Flour and Meal; of Potatoes in Hungary

Price for Flour and Meal; of Potatoes in Hungary (CIF) - 2022

In 2022, the average import price for flour and meal; of potatoeses amounted to $2,402 per ton, shrinking by -48.8% against the previous year. In general, the import price, however, enjoyed temperate growth. The growth pace was the most rapid in 2015 an increase of 141% against the previous year. The import price peaked at $4,690 per ton in 2021, and then fell significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($15,000 per ton), while the price for Serbia ($1,671 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour and Meal; of Potatoes in Hungary (FOB) - 2022

The average export price for flour and meal; of potatoeses stood at $1,525 per ton in 2022, with a decrease of -16.7% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2020 when the average export price increased by 218% against the previous year. The export price peaked at $4,442 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($3,381 per ton), while the average price for exports to Germany totaled $722 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+12.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flour and Meal; of Potatoes in Hungary

After two years of decline, purchases abroad of flour and meal; of potatoeses increased by 1,709% to 20 tons in 2022. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, flour and meal; of potatoes imports skyrocketed to $47K in 2022. Overall, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Flour and Meal; of Potatoes to Hungary in 2022:

1. Poland (undefined tons)
2. Germany (undefined tons)
3. Slovenia (18.0 tons)
4. Serbia (1.5 tons)

Exports of Flour and Meal; of Potatoes in Hungary

After three years of growth, overseas shipments of flour and meal; of potatoeses decreased by -4.7% to 101 kg in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 1,600% against the previous year.

In value terms, flour and meal; of potatoes exports shrank dramatically to $154 in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 5,300% against the previous year.

Top Export Markets for Flour and Meal; of Potatoes from Hungary in 2022:

1. Germany (79.0 kg)
2. Slovakia (21.0 kg)

Source: IndexBox Market Intelligence Platform