Wheat Flour Market Overview in Hungary
In value terms, wheat flour production reduced to $ in 2019 estimated in export prices. Over the period under review, production, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2012 to 2019, production growth remained at a somewhat lower figure.
The value of the wheat flour market in Hungary dropped to $ in 2019, declining 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). Over the period under review, consumption, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. From 2012 to 2019, the growth of the market failed to regain the momentum.