Hungary: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in Hungary

In 2021, the Hungarian fresh fish fillet market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Fresh fish fillet consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Fresh Fish Fillet Production in Hungary

In value terms, fresh fish fillet production surged to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible decrease. The pace of growth appeared the most rapid in 2013 when the production volume increased by 171%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Fresh Fish Fillet Exports

Exports from Hungary

In 2021, shipments abroad of fresh or chilled fish fillets decreased by -41.2% to X tons, falling for the third consecutive year after three years of growth. Overall, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 691%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, fresh fish fillet exports fell dramatically to $X in 2021. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 973% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for fresh fish fillet exports from Hungary, with a 78% share of total exports. Moreover, fresh fish fillet exports to Romania exceeded the volume sent to the second major destination, the UK (X tons), ninefold. Austria (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to Romania totaled +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+46.4% per year) and Austria (+2.6% per year).

In value terms, Romania ($X) remains the key foreign market for fresh or chilled fish fillets exports from Hungary, comprising 87% of total exports. The second position in the ranking was taken by Austria ($X), with a 4.4% share of total exports. It was followed by the UK, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value to Romania stood at +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-2.0% per year) and the UK (+21.3% per year).

Export Prices by Country

In 2021, the average fresh fish fillet export price amounted to $X per ton, jumping by 19% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2013 an increase of 88%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Croatia ($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 Serbia (+9.3%), while the prices for the other major destinations experienced a decline.

Fresh Fish Fillet Imports

Imports into Hungary

In 2021, after two years of decline, there was significant growth in overseas purchases of fresh or chilled fish fillets, when their volume increased by 14% to X tons. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 35% 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, fresh fish fillet imports soared to $X in 2021. In general, imports recorded a strong expansion. The growth pace was the most rapid in 2014 when imports increased by 57% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of fresh fish fillet imports to Hungary, together comprising 56% of total imports. Slovenia, Spain, Denmark, the Netherlands and Slovakia lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +206.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of fresh or chilled fish fillets to Hungary, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Slovenia, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic totaled +44.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.5% per year) and Slovenia (+109.1% per year).

Import Prices by Country

The average fresh fish fillet import price stood at $X per ton in 2021, rising by 16% against the previous year. Overall, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 31% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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