Hungary: Frozen Pork Carcase Market 2024

Frozen Pork Carcase Market Size in Hungary

For the third consecutive year, the Hungarian frozen pork carcase market recorded decline in sales value, which decreased by -6.8% to $X in 2022. Over the period under review, consumption, however, showed a significant expansion. Frozen pork carcase consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Frozen Pork Carcase Production in Hungary

In value terms, frozen pork carcase production declined to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 17%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Frozen Pork Carcase Exports

Exports from Hungary

For the third year in a row, Hungary recorded growth in shipments abroad of frozen carcases of pig meat, which increased by 49% to X tons in 2022. Over the period under review, exports, however, faced a significant decrease. The pace of growth was the most pronounced in 2020 with an increase of 104% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen pork carcase exports surged to $X in 2022. In general, exports, however, saw a dramatic decline. The pace of growth appeared the most rapid in 2017 with an increase of 63%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for frozen pork carcase exports from Hungary, accounting for a 78% share of total exports. Moreover, frozen pork carcase exports to Poland exceeded the volume sent to the second major destination, Moldova (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Poland amounted to +25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+56.8% per year) and Romania (-66.5% per year).

In value terms, Poland ($X) emerged as the key foreign market for frozen carcases of pig meat exports from Hungary, comprising 69% of total exports. The second position in the ranking was taken by Moldova ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Poland amounted to +18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+57.1% per year) and Romania (-66.5% per year).

Export Prices by Country

The average frozen pork carcase export price stood at $X per ton in 2022, falling by -15% against the previous year. Over the period under review, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 an increase of 42%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+0.1%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Pork Carcase Imports

Imports into Hungary

In 2022, approx. X tons of frozen carcases of pig meat were imported into Hungary; rising by 205% on the year before. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 198,209% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen pork carcase imports soared to $X in 2022. Over the period under review, imports showed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 120,739% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Denmark (X tons), Poland (X tons) and Slovakia (X tons) were the main suppliers of frozen pork carcase imports to Hungary, with a combined 86% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +70.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Poland ($X) and Germany ($X) constituted the largest frozen pork carcase suppliers to Hungary, together accounting for 76% of total imports. The Netherlands, Slovakia and France lagged somewhat behind, together comprising a further 24%.

Slovakia, with a CAGR of +52.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average frozen pork carcase import price amounted to $X per ton, falling by -25.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 114% against the previous year. Over the period under review, average import prices reached the peak figure 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 the Netherlands ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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