Frozen Fruit Market Overview in Hungary
In value terms, frozen fruit production rose remarkably to $ in 2018 estimated in export prices. Overall, the total production indicated a prominent increase from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, production increased by +% against 2013 indices. The pace of growth was the most pronounced in 2008 when the production volume increased by % year-to-year. Over the period under review, production hit record highs in 2018 and is likely to continue growth in the immediate term.
The size of the frozen fruit market in Hungary skyrocketed to $ in 2018, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a significant expansion. The growth pace was the most rapid in 2008 with an increase of % y-o-y. Frozen fruit consumption peaked in 2018 and is likely to see gradual growth in years to come.