Soya Beans Prices in Hungary
| Variety | Market level | Price (US$/kg) | Local (HUF) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| — | Farmgate | 0.48 | 166 | ▼ 3.9% | ▼ 3.9% | FAOSTAT Producer Prices |
As of January 2024, the soya beans price in Hungary is US$ 0.48 per kg (166 HUF), down 3.9% year-on-year.
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Soya Beans Price History & Trend
Monthly soya beans price, US$ per kg — the line grows each month as we record it. Source: FAOSTAT Producer Prices.
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Use this data freely with attribution to Selina Wamucii.
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Hungary soya beans - Production, Exports, Imports, Seasons and HS Codes
The amount of soya beans exported by Hungary in 2020 was 96,530 tons. In 2019 Hungary sold 77,922 tonnes of soya beans. For the year 2019 alone, the demand for Hungary soya beans (cereals/grains category) has escalated, changing by 94.155 per cent compared to the year 2018. Between 2017 and 2019, soya beans' exports reduced by -35.12% earning Hungary US$30.66m for the year 2019. Hungary's soya beans exports are classified as:
- Soya beans, whether or not broken (HS code 120100)
- Soya bean seed, for sowing (HS code 120110)
- Soya beans, whether or not broken (excluding seed for sowing) (HS code 120190)
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Hungary soya beans export values
In 2019, Hungary shipped soya beans costing 30.66m USD, a growth of 64.30% from 2018's total soya beans export of 18.661m USD. The yearly change in value of Hungary soya beans between 2017 to 2018 was -65.166 pc.
The per year variation in the amount of Hungary's soya beans exports between 2017 and 2019 was -35.12 pc compared to a variation of 94.155% in the period between 2018 and 2019.
Hungary's stake of the world's total soya beans' exports in 2019 was less than 1%. The country is ranked number 33 in world exports of soya beans.
Export markets for Hungary soya beans ( in '000$ )
Hungary's top destinations for soya beans are Austria, Germany, the Netherlands, United Kingdom (UK) and Poland.
Import/Export Trends
Hungary is a net importer of soya beans. The annual growth of Hungary soya beans in value between 2015 to 2019 was 32%, per year, while annual growth in quantity for the same period was 19%, per annum.
Hungary bought 121,900 tonnes of soya beans in 2019.
Production
The production of soya beans in Hungary was 508,710 tonnes in 2019 and is predicted to change by an average of -6.44%. The country had an estimated 174,690.00 hectares under soya beans cultivation.