Hay Market Research: Hungary, Part 1
Hungary produced 1.03 million tons of hay in 2018, while the total market value was HUF 18.06 billion. The requested information about the hay production and exports has been entered in row 10, columns C-I of the attached spreadsheet and a brief overview of the findings is presented below.
Hay Production and Exports
- Hungary produced 1.01 million tons of lucerne (alfalfa) hay and 12.5 thousand tons of red clover hay in 2018. In total, the country produced 1.03 million tons of hay.
- The gross production value of lucerne hay was HUF 17.88 billion in 2018, while the market value of red clover hay was HUF 182 million. In 2018, the total market value of produced hay was HUF 18.06 billion.
- The total amount of exported lucerne hay was 868 tons in 2018, which is a significant increase compared to 2017 when the total export was 139 tons. There were no direct exports for red clover hay in 2018.
- Austria was the largest export market for hay, lucerne, clover, and other similar forage products in 2019. Other countries to which Hungary exports this commodity group include Italy, Slovak Republic, Switzerland, Serbia, Croatia, Bosnia and Herzegovina, Germany, Montenegro, and Romania
To obtain information for the hay market in Hungary, we first searched government webpages such as the Hungarian Ministry of Agriculture and the Hungarian Central Statistical Office. We found that the main hay crops in Hungary are alfalfa and red clover hay and also their production and market value. While these government sources provided us the hay production and market value, there was no data related to countries to which Hungary exports hay. Next, we scanned various databases such as World Integrated Trade Solution, UN Trade Statistics, International Trade Statistics, Trend Economy, and others. However, there was no information related to hay exports to specific countries, and most of these sources included the data for the broader commodity group (swedes, mangolds, fodder roots, hay, lucerne (alfalfa), clover, sainfoin, forage kale, lupines, vetches, and similar forage products). Since there was no other available information, we used the available information to calculate the total hay production and market value and we included the list of countries to which Hungary exported hay and other similar forage products. The calculations for hay production and market value are presented below.
Lucerne (alfalfa) hay = 1,012,878 tons
Red clover hay = 12,509 tons
Total production = Lucerne (alfalfa) hay + Red clover hay
Total production = 1,012,878 tons + 12,509 tons
Total production = 1,025,387 tons
Hay Market Value
Lucerne (alfalfa) hay = HUF 17,877,000,000
Red clover hay = HUF 182,000,000
Total market value = Lucerne (alfalfa) hay + Red clover hay
Total market value = HUF 17,877,000,000 + HUF 182,000,000
Total market value = HUF 18,059,000,000