Preserved Peas Market Overview in Hungary
Market Overview
The Hungarian preserved peas market declined slightly to $
in 2019, approximately equating 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, saw a pronounced slump. The pace of growth was the most pronounced in 2009 when the market value increased by % year-to-year. Preserved peas consumption peaked at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
In value terms, preserved peas production dropped to $ in 2019 estimated in export prices. Overall, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2010 when the production volume increased by % against the previous year. Over the period under review, production reached the maximum level at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.
in 2019, approximately equating 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, saw a pronounced slump. The pace of growth was the most pronounced in 2009 when the market value increased by % year-to-year. Preserved peas consumption peaked at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.In value terms, preserved peas production dropped to $
in 2019 estimated in export prices. Overall, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2010 when the production volume increased by % against the previous year. Over the period under review, production reached the maximum level at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.Consumption
In 2019, approx. tonnes of preserved peas were consumed in Hungary; shrinking by -% against the year before. Overall, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when the consumption volume increased by % year-to-year. Over the period under review, consumption hit record highs at tonnes in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.
The revenue of the preserved peas market in Hungary contracted slightly to $ in 2019, remaining relatively unchanged 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 setback. The most prominent rate of growth was recorded in 2009 with an increase of % year-to-year. Preserved peas consumption peaked at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
tonnes of preserved peas were consumed in Hungary; shrinking by -% against the year before. Overall, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when the consumption volume increased by % year-to-year. Over the period under review, consumption hit record highs at tonnes in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.The revenue of the preserved peas market in Hungary contracted slightly to $
in 2019, remaining relatively unchanged 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 setback. The most prominent rate of growth was recorded in 2009 with an increase of % year-to-year. Preserved peas consumption peaked at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.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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