Key Market Indicators
Hungary's peanut consumption is projected to reach 10 million tonnes by 2026, up from 9 million in 2021. This is an average growth rate of 2.1% year on year. Since 2017, there has been no change in Hungarian demand. In 2021, Hungary was ranked 89th in the world, with Romania ahead at 9 million tonnes. India, Nigeria and the US occupied the top three spots in the ranking. Meanwhile, Hungarian peanut production is set to decline by 9.3% every year between 2021 and 2026, falling from 3 million tonnes to 1.61 million. Since 2008, this figure has dropped by 9.7% each year. In 2021, Hungary was 108th in the world, with Barbados at 3 million tonnes. India, Nigeria and the US occupied the top three spots in the ranking.
