Hungary: Oat Market 2024

Oat Market Size in Hungary

The Hungarian oat market shrank to $X in 2022, waning by X% against the previous year. Overall, consumption showed a abrupt decrease. Oat consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Oat Production in Hungary

In value terms, oat production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Oat production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

In 2022, the average oat yield in Hungary shrank to X tons per ha, flattening at the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the average oat yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of oats were harvested in Hungary; approximately reflecting 2021. In general, the harvested area, however, saw a deep contraction. The pace of growth was the most pronounced in 2020 when the harvested area increased by X%. The oat harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Oat Exports

Exports from Hungary

In 2022, the amount of oats exported from Hungary rose remarkably to X tons, increasing by X% against the previous year's figure. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, oat exports soared to $X in 2022. Overall, exports enjoyed noticeable growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons), Serbia (X tons) and Italy (X tons) were the main destinations of oat exports from Hungary, together accounting for X% of total exports. Germany, Romania, Austria, Slovakia, Bosnia and Herzegovina and Slovenia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oat exported from Hungary were France ($X), Italy ($X) and Serbia ($X), together accounting for X% of total exports. Germany, Slovakia, Austria, Romania, Bosnia and Herzegovina and Slovenia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average oat export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price showed a perceptible expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 France ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oat Imports

Imports into Hungary

In 2022, approx. X tons of oats were imported into Hungary; declining by X% against the year before. Overall, imports, however, saw strong growth. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, oat imports shrank markedly to $X in 2022. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by X%. Imports peaked at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest oat supplier to Hungary, with a X% share of total imports. Moreover, oat imports from Slovakia exceeded the figures recorded by the second-largest supplier, Poland (X tons), ninefold. The third position in this ranking was taken by Ukraine (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Ukraine (X% per year).

In value terms, Slovakia ($X) constituted the largest supplier of oats to Hungary, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovakia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the average oat import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Croatia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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