Hungary: Fresh Pork Carcase Market 2024

Fresh Pork Carcase Market Size in Hungary

The Hungarian fresh pork carcase market contracted slightly to $X in 2022, reducing by -3.5% against the previous year. Over the period under review, consumption showed a noticeable reduction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Fresh Pork Carcase Production in Hungary

In value terms, fresh pork carcase production declined to $X in 2022 estimated in export price. Overall, production saw a slight reduction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 15%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Fresh Pork Carcase Exports

Exports from Hungary

In 2022, overseas shipments of fresh or chilled carcases of pig meat increased by 8.7% to X tons, rising for the sixth year in a row after four years of decline. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 92%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, fresh pork carcase exports soared to $X in 2022. Overall, exports recorded strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 98% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Romania (X tons) was the main destination for fresh pork carcase exports from Hungary, accounting for a 67% share of total exports. Moreover, fresh pork carcase exports to Romania exceeded the volume sent to the second major destination, Croatia (X tons), eightfold. The third position in this ranking was taken by Moldova (X tons), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania amounted to +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+151.5% per year) and Moldova (+109.6% per year).

In value terms, Romania ($X) remains the key foreign market for fresh or chilled carcases of pig meat exports from Hungary, comprising 68% of total exports. The second position in the ranking was taken by Croatia ($X), with an 8.6% share of total exports. It was followed by Moldova, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value to Romania stood at +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+149.0% per year) and Moldova (+108.3% per year).

Export Prices by Country

In 2022, the average fresh pork carcase export price amounted to $X per ton, picking up by 18% against the previous year. Over the period under review, the export price, however, continues to indicate a mild downturn. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Croatia ($X per ton), while the average price for exports to Moldova ($X per ton) and Montenegro ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (-0.6%), while the prices for the other major destinations experienced a decline.

Fresh Pork Carcase Imports

Imports into Hungary

In 2022, overseas purchases of fresh or chilled carcases of pig meat decreased by -0.9% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 42%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, fresh pork carcase imports amounted to $X in 2022. Overall, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2017 with an increase of 45%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Slovakia (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of fresh pork carcase imports to Hungary, with a combined 93% share of total imports. Italy, Germany, Austria and the Czech Republic lagged somewhat behind, together comprising a further 5.3%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +30.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh pork carcase suppliers to Hungary were Slovakia ($X), Belgium ($X) and the Netherlands ($X), with a combined 92% share of total imports. Italy, Germany, Austria and the Czech Republic lagged somewhat behind, together comprising a further 5%.

Among the main suppliers, Italy, with a CAGR of +26.0%, 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 fresh pork carcase import price stood at $X per ton in 2022, picking up by 14% against the previous year. Over the period under review, the import price, however, showed a pronounced contraction. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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