Hungary: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Hungary

In 2020, the Hungarian preserved swine belly market increased by X% to $X, rising for the second year in a row after four years of decline. Overall, consumption continues to indicate a slight setback. Preserved swine belly consumption peaked at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Preserved Swine Belly Production in Hungary

In value terms, preserved swine belly production dropped significantly to $X in 2020 estimated in export prices. In general, production continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Preserved Swine Belly Exports

Exports from Hungary

In 2020, after nine years of growth, there was significant decline in shipments abroad of bellies and cuts of swine (salted, in brine, dried or smoked), when their volume decreased by -X% to X tons. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2019, and then reduced markedly in the following year.

In value terms, preserved swine belly exports reduced sharply to $X in 2020. In general, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Exports peaked at $X in 2019, and then fell remarkably in the following year.

Exports by Country

Mongolia (X tons) was the main destination for preserved swine belly exports from Hungary, with a X% share of total exports. Moreover, preserved swine belly exports to Mongolia exceeded the volume sent to the second major destination, Georgia (X tons), twofold. The third position in this ranking was occupied by the UK (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Mongolia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+X% per year) and the UK (-X% per year).

In value terms, Mongolia ($X) remains the key foreign market for preserved swine belly exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Georgia ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Mongolia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+X% per year) and Austria (+X% per year).

Export Prices by Country

In 2020, the average preserved swine belly export price amounted to $X per ton, surging by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. Over the period under review, average export prices reached the peak figure in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Ireland ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Austria, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Swine Belly Imports

Imports into Hungary

In 2020, purchases abroad of bellies and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the fourth consecutive year after four years of decline. In general, imports showed a noticeable increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Imports peaked at X tons in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, preserved swine belly imports soared to $X in 2020. Over the period under review, imports saw a prominent increase. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2020 and are likely to see gradual growth in the near future.

Imports by Country

In 2020, Germany (X tons) constituted the largest preserved swine belly supplier to Hungary, accounting for a X% share of total imports. Moreover, preserved swine belly imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), sevenfold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and Poland (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of preserved swine belly to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and Poland (+X% per year).

Import Prices by Country

In 2020, the average preserved swine belly import price amounted to $X per ton, jumping by X% against the previous year. In general, import price indicated tangible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved swine belly import price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2014 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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