Hungary: Market for Frozen Crabs And Crabs Meat 2025

Market Size for Frozen Crabs And Crabs Meat in Hungary

For the third consecutive year, the Hungarian market for frozen crabs and crabs meat recorded decline in sales value, which decreased by -82.9% to $X in 2021. Over the period under review, consumption continues to indicate a sharp curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Frozen Crabs And Crabs Meat

Exports from Hungary

In 2021, shipments abroad of frozen crabs and crabs meat increased by 200% to X tons, rising for the second consecutive year after two years of decline. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 212%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, frozen crab and crab meat exports skyrocketed to $X in 2021. Over the period under review, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons), Austria (X tons) and Slovakia (X tons) were the main destinations of frozen crab and crab meat exports from Hungary.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +66.6%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) emerged as the key foreign market for frozen crabs and crabs meat exports from Hungary, comprising 52% of total exports. The second position in the ranking was held by Austria ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Romania totaled +25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+4.7% per year) and Slovakia (+55.7% per year).

Export Prices by Country

The average export price for frozen crabs and crabs meat stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the export price, however, saw a pronounced downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 48%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Slovakia ($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 Croatia (+18.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen Crabs And Crabs Meat

Imports into Hungary

In 2021, imports of frozen crabs and crabs meat into Hungary dropped sharply to X tons, declining by -40.4% against the previous year's figure. Over the period under review, imports showed a precipitous contraction. The most prominent rate of growth was recorded in 2018 with an increase of 41% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen crab and crab meat imports fell dramatically to $X in 2021. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 43%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest frozen crab and crab meat supplier to Hungary, with a 54% share of total imports. Moreover, frozen crab and crab meat imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled -8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (-11.1% per year) and Belgium (-10.9% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of frozen crabs and crabs meat to Hungary, comprising 61% of total imports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total imports. It was followed by Slovakia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-7.9% per year) and Slovakia (-5.7% per year).

Import Prices by Country

The average import price for frozen crabs and crabs meat stood at $X per ton in 2021, picking up by 32% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen crab and crab meat import price increased by +68.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 59% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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