Hungary: Market for Dried Cod, Whether Or Not Salted 2021

Market Size for Dried Cod, Whether Or Not Salted in Hungary

The Hungarian market for dried cod, whether or not salted reduced to $X in 2019, waning by -X% against the previous year. In general, consumption recorded a noticeable downturn. The most prominent rate of growth was recorded in 2016 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.

Production of Dried Cod, Whether Or Not Salted in Hungary

In value terms, production of dried cod, whether or not salted declined dramatically to $X in 2019 estimated in export prices. Overall, production recorded a pronounced decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2011; however, from 2012 to 2019, production stood at a somewhat lower figure.

Exports of Dried Cod, Whether Or Not Salted

Exports from Hungary

In 2019, shipments abroad of dried cod, whether or not salted decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Overall, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, exports of dried cod, whether or not salted reduced remarkably to $X in 2019. Over the period under review, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Romania (X kg) was the main destination for exports of dried cod, whether or not salted from Hungary, with a X% share of total exports. Moreover, exports of dried cod, whether or not salted to Romania exceeded the volume sent to the second major destination, Italy (X kg), tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Romania stood at +X%.

In value terms, Romania ($X) remains the key foreign market for dried cod, whether or not salted exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Romania amounted to -X%.

Export Prices by Country

In 2019, the average export price for dried cod, whether or not salted amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, export price reached the peak level of $X per ton. From 2017 to 2019, the growth in terms of the average export prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Italy.

Imports of Dried Cod, Whether Or Not Salted

Imports into Hungary

In 2019, purchases abroad of dried cod, whether or not salted decreased by -X% to X tons for the first time since 2012, thus ending a six-year rising trend. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Imports peaked at X tons in 2018, and then shrank in the following year.

In value terms, imports of dried cod, whether or not salted contracted rapidly to $X in 2019. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

Greece (X tons), Italy (X tons) and the Netherlands (X kg) were the main suppliers of imports of dried cod, whether or not salted to Hungary, together comprising X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands, while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of dried cod, whether or not salted to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Greece ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2019, the average import price for dried cod, whether or not salted amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the import price saw a noticeable decline. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2007; however, from 2008 to 2019, import prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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