Hungary: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2025

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Hungary

The Hungarian meat and fish extracts market amounted to $X in 2021, with an increase of 8% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Hungary

In value terms, meat and fish extracts production dropped to $X in 2021 estimated in export price. Overall, production posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 71% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports from Hungary

In 2021, shipments abroad of extracts and juices of meat, fish, crustaceans and molluscs increased by 104% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 123% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, meat and fish extracts exports surged to $X in 2021. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2014 with an increase of 280% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Austria (X tons), Slovakia (X tons) and France (X tons) were the main destinations of meat and fish extracts exports from Hungary, together comprising 77% of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +67.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat and fish extracts exported from Hungary were France ($X), Spain ($X) and Austria ($X), together accounting for 78% of total exports.

In terms of the main countries of destination, France, with a CAGR of +54.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average meat and fish extracts export price stood at $X per ton in 2021, falling by -6.4% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 309% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports into Hungary

In 2021, imports of extracts and juices of meat, fish, crustaceans and molluscs into Hungary fell to X tons, dropping by -8.7% against the year before. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 21% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, meat and fish extracts imports soared to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Slovakia (X tons), Austria (X tons) and Italy (X tons) were the main suppliers of meat and fish extracts imports to Hungary, together accounting for 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +14.3%), while purchases for the other leaders experienced a decline.

In value terms, Slovakia ($X), Austria ($X) and Italy ($X) were the largest meat and fish extracts suppliers to Hungary, with a combined 88% share of total imports.

Austria, with a CAGR of +16.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average meat and fish extracts import price stood at $X per ton in 2021, rising by 44% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, meat and fish extracts import price increased by +76.1% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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