Hungary: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Hungary

In 2021, the Hungarian market for caviar (salmon) and caviar substitutes decreased by -2.1% to $X, falling for the second year in a row after three years of growth. In general, consumption showed a perceptible downturn. Caviar (salmon) and caviar substitutes consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Caviar (Salmon) And Caviar Substitutes in Hungary

In value terms, caviar (salmon) and caviar substitutes production shrank modestly to $X in 2021 estimated in export price. Overall, production recorded a noticeable contraction. The growth pace was the most rapid in 2017 with an increase of 22%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from Hungary

In 2021, overseas shipments of caviar (salmon) and caviar substitutes increased by 46,140% to X tons, rising for the third year in a row after two years of decline. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, caviar (salmon) and caviar substitutes exports soared to $X in 2021. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovakia (X tons), Romania (X tons) and Croatia (X kg) were the main destinations of caviar (salmon) and caviar substitutes exports from Hungary, with a combined 80% share of total exports.

From 2015 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +4,265.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Romania ($X) and Croatia ($X) appeared to be the largest markets for caviar (salmon) and caviar substitutes exported from Hungary worldwide, together comprising 87% of total exports.

Slovakia, with a CAGR of +1,262.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for caviar (salmon) and caviar substitutes amounted to $X per ton, declining by -46% against the previous year. Overall, the export price showed a deep contraction. The growth pace was the most rapid in 2016 an increase of 79% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Romania ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (-6.7%).

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into Hungary

In 2021, approx. X tons of caviar (salmon) and caviar substitutes were imported into Hungary; surging by 32% on the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 198% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, caviar (salmon) and caviar substitutes imports skyrocketed to $X in 2021. Over the period under review, imports saw slight growth. The pace of growth was the most pronounced in 2016 with an increase of 97% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Sweden (X tons), Germany (X tons) and Denmark (X kg) were the main suppliers of caviar (salmon) and caviar substitutes imports to Hungary, with a combined 94% share of total imports. These countries were followed by France and the Czech Republic, which together accounted for a further 6%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +67.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest caviar (salmon) and caviar substitutes suppliers to Hungary were Germany ($X), Sweden ($X) and France ($X), together accounting for 87% of total imports.

Among the main suppliers, France, with a CAGR of +62.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, waning by -7.3% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, caviar (salmon) and caviar substitutes import price decreased by -7.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 41% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Sweden ($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 (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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