Hungary: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Hungary

The Hungarian battered fish fillet market declined to $X in 2021, waning by -14.1% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Battered fish fillet consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Battered Fish Fillet Production in Hungary

In value terms, battered fish fillet production fell remarkably to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 59% against the previous year. Battered fish fillet production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Battered Fish Fillet Exports

Exports from Hungary

In 2021, approx. X tons of fish fillets in batter or breadcrumbs were exported from Hungary; declining by -3.2% against 2020. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2013 with an increase of 790% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, battered fish fillet exports totaled $X in 2021. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 881% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for battered fish fillet exports from Hungary, with a 84% share of total exports. Moreover, battered fish fillet exports to Romania exceeded the volume sent to the second major destination, Slovakia (X tons), more than tenfold. Austria (X tons) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania totaled +28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+26.4% per year) and Austria (+11.3% per year).

In value terms, Romania ($X) remains the key foreign market for fish fillets in batter or breadcrumbs exports from Hungary, comprising 84% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 5.4% share of total exports. It was followed by Austria, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania totaled +35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+27.0% per year) and Austria (+13.6% per year).

Export Prices by Country

The average battered fish fillet export price stood at $X per ton in 2021, with an increase of 3.9% against the previous year. Over the last nine years, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2017 when the average export price increased by 12%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Austria ($X per ton) and Romania ($X per ton), while the average price for exports to Germany ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+37.4%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into Hungary

For the fourth year in a row, Hungary recorded growth in purchases abroad of fish fillets in batter or breadcrumbs, which increased by 2.2% to X tons in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +50.6% against 2013 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 30%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, battered fish fillet imports rose slightly to $X in 2021. In general, imports recorded a strong increase. The growth pace was the most rapid in 2018 when imports increased by 32% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X tons), Poland (X tons) and Austria (X tons) were the main suppliers of battered fish fillet imports to Hungary, together accounting for 91% of total imports. Spain, Slovenia and Slovakia lagged somewhat behind, together accounting for a further 5.3%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +51.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Austria ($X) were the largest battered fish fillet suppliers to Hungary, together comprising 91% of total imports. Spain, Slovenia and Slovakia lagged somewhat behind, together comprising a further 5.3%.

In terms of the main suppliers, Spain, with a CAGR of +62.0%, 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 battered fish fillet import price stood at $X per ton in 2021, surging by 2.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2020 an increase of 8.1% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

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 Slovenia ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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