Hungary’s involvement in the tapioca starch market showcases its active participation as both an exporter and importer. The country’s export growth to destinations such as Italy, Germany, and Romania highlights its increasing presence in international trade. Simultaneously, Hungary’s imports from Germany, Austria, and the Netherlands indicate its reliance on key sourcing markets.
Hungary’s Tapioca Starch Exports
In 2021, Hungary exported tapioca starch valued at $30.7k, securing the 54th position among global tapioca starch exporters. Tapioca starch ranked as the 3739th most exported product from Hungary, highlighting its moderate significance within the country’s export repertoire.
Among the primary destinations for Hungary’s tapioca starch exports, the United Kingdom stood out with imports worth $13.3k. Italy, Romania, Germany, and Slovakia were also prominent recipients, importing quantities valued at $5.75k, $3.01k, $2.54k, and $1.96k, respectively.
Hungary experienced substantial export growth in the tapioca starch market between 2020 and 2021. Notably, Italy witnessed the highest surge, with an increase of $3.09k. Germany and Romania also demonstrated notable growth, with increases of $2.54k and $1.97k, respectively.
| Continent | Country | Trade Value |
| Asia | United Arab Emirates | 955 |
| Europe | Germany | 2,544 |
| Europe | Estonia | 13 |
| Europe | United Kingdom | 13,346 |
| Europe | Italy | 5,748 |
| Europe | Netherlands | 121 |
| Europe | Romania | 3,009 |
| Europe | Serbia | 1,118 |
| Europe | Slovakia | 1,957 |
| Europe | Slovenia | 320 |
| South America | Brazil | 1,557 |
Hungary’s Tapioca Starch Imports
In 2021, Hungary imported tapioca starch valued at $845k, ranking as the 50th largest global importer of this product. Tapioca starch stood at the 3077th position among Hungary’s most imported goods, indicating its considerable role within the country’s import landscape.
Germany emerged as the primary source of tapioca starch for Hungary, accounting for a significant share with imports valued at $535k. Austria, the Netherlands, Czechia, and Belgium were also noteworthy import partners, contributing respective values of $99.3k, $82k, $48.5k, and $25k.
Between 2020 and 2021, Hungary experienced remarkable growth in its import market for tapioca starch. Austria showcased the highest growth rate, with an increase of $98.9k. The Netherlands and Czechia also exhibited notable growth during this period, with increases of $64.3k and $37.9k, respectively.
| Continent | Country | Trade Value |
| Asia | Thailand | 12,343 |
| Asia | Vietnam | 23,177 |
| Europe | Austria | 99,343 |
| Europe | Belgium | 24,972 |
| Europe | Czechia | 48,539 |
| Europe | Germany | 534,848 |
| Europe | France | 33 |
| Europe | United Kingdom | 6,026 |
| Europe | Italy | 5,751 |
| Europe | Netherlands | 82,018 |
| Europe | Poland | 7,474 |
| Europe | Portugal | 52 |
| Europe | Slovakia | 37 |
Tariffs
As of 2017, Hungary imposed an average tariff of 36% on tapioca starch imports. Among the countries with the highest import tariffs for tapioca starch, the Republic of the Congo, Cape Verde, Algeria, Western Sahara, and Gabon held Most Favoured Nation duty rate treatments at 47.9%. These tariffs shape the trade dynamics and impact the cost of tapioca starch imports in Hungary.
Importing Tapioca Starch from Vietnam
Vietnam has emerged as a prominent supplier of tapioca starch to the Hungary market. In 2021, the total value of tapioca starch imports from Vietnam amounted to an impressive $23,177. This significant figure indicates that Vietnam’s tapioca starch holds a strong position in the market and is poised to maintain its presence in Hungary in the years to come. The reasons behind this sustained importation are primarily attributed to the product’s superior quality and competitive pricing.
Hungary benefits from Vietnam’s tapioca starch exports, which provide a dependable supply of this vital ingredient. The substantial import value from Vietnam underscores Hungary’s confidence in Vietnam as a trusted and preferred partner for fulfilling its tapioca starch requirements. With its consistent quality and competitive pricing, Vietnam’s tapioca starch has proven to be a reliable source that meets Hungary’s demand for this essential product.
Source: BACI and General Statistics Office of Vietnam