Preserved Peas Market Overview in Hungary
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.
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.