Preserved Peas Market Overview in Hungary
Market Overview
The Hungarian preserved peas market contracted slightly to $
in 2019, remaining stable 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, recorded a perceptible downturn. The growth pace was the most rapid in 2009 with an increase of % y-o-y. Preserved peas consumption peaked at $ in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.
In value terms, preserved peas production declined to $ in 2019 estimated in export prices. Over the period under review, production recorded a abrupt downturn. The pace of growth was the most pronounced in 2010 when the production volume increased by % year-to-year. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to 2019, production remained at a lower figure.
in 2019, remaining stable 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, recorded a perceptible downturn. The growth pace was the most rapid in 2009 with an increase of % y-o-y. Preserved peas consumption peaked at $ in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.In value terms, preserved peas production declined to $
in 2019 estimated in export prices. Over the period under review, production recorded a abrupt downturn. The pace of growth was the most pronounced in 2010 when the production volume increased by % year-to-year. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to 2019, production remained at a lower figure.Consumption
Preserved peas consumption in Hungary shrank to tonnes in 2019, declining by -% against 2018 figures. In general, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when the consumption volume increased by % y-o-y. Over the period under review, consumption attained the peak volume at tonnes in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.
The value of the preserved peas market in Hungary reduced modestly to $ in 2019, approximately reflecting 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, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2009 when the market value increased by % against the previous year. Preserved peas consumption peaked at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.
tonnes in 2019, declining by -% against 2018 figures. In general, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when the consumption volume increased by % y-o-y. Over the period under review, consumption attained the peak volume at tonnes in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.The value of the preserved peas market in Hungary reduced modestly to $
in 2019, approximately reflecting 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, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2009 when the market value increased by % against the previous year. Preserved peas consumption peaked at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.Market Forecast
The preserved peas market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eleven-year period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the eleven-year period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Hungary increased significantly over the last twelve-year period (from % to %).
% to %).Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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