Hungary - Anchovies (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHungary: Preserved Anchovies Market 2024
Preserved Anchovies Market Size in Hungary
After five years of growth, the Hungarian preserved anchovies market decreased by -10.6% to $X in 2021. Overall, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +80.2% against 2015 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced in the following year.
Preserved Anchovies Production in Hungary
In value terms, preserved anchovies production reduced to $X in 2021 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +81.8% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 33% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.
Preserved Anchovies Exports
Exports from Hungary
In 2019, overseas shipments of anchovies (prepared or preserved) decreased by -99.7% to X kg, falling for the second year in a row after two years of growth. Overall, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 35%. As a result, the exports attained the peak of X kg. From 2018 to 2019, the growth of the exports remained at a somewhat lower figure.
In value terms, preserved anchovies exports fell dramatically to $X in 2019. Over the period under review, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 58%. As a result, the exports reached the peak of $X. From 2018 to 2019, the growth of the exports remained at a lower figure.
Exports by Country
The Netherlands (X kg) was the main destination for preserved anchovies exports from Hungary, with a approx. 100% share of total exports.
From 2015 to 2019, the average annual rate of growth in terms of volume to the Netherlands amounted to -77.6%.
In value terms, the Netherlands ($X) emerged as the key foreign market for anchovies (prepared or preserved) exports from Hungary, comprising 88% of total exports. The second position in the ranking was taken by Romania ($X), with a 12% share of total exports.
From 2015 to 2019, the average annual rate of growth in terms of value to the Netherlands amounted to +54.9%.
Export Prices by Country
In 2019, the average preserved anchovies export price amounted to $X per ton, surging by 18% against the previous year. Over the period from 2016 to 2019, it increased at an average annual rate of +10.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2019, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Romania stood at $X per ton.
From 2016 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+17.9%).
Preserved Anchovies Imports
Imports into Hungary
In 2021, the amount of anchovies (prepared or preserved) imported into Hungary reached X tons, approximately mirroring the previous year. In general, imports, however, continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 88% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.
In value terms, preserved anchovies imports fell to $X in 2021. Overall, imports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2014 when imports increased by 123%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.
Imports by Country
Greece (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of preserved anchovies imports to Hungary, together accounting for 74% of total imports. These countries were followed by France and Austria, which together accounted for a further 26%.
From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +46.2%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Italy ($X), France ($X) and Greece ($X) constituted the largest preserved anchovies suppliers to Hungary, together accounting for 75% of total imports.
France, with a CAGR of +50.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average preserved anchovies import price stood at $X per ton in 2021, with a decrease of -6.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 18%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the preserved anchovies market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10202560 - Prepared or preserved anchovies, whole or in pieces (excluding minced products and prepared meals and dishes)
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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