Report Update Nov 1, 2024

Hungary - Frozen Cuttlefishes - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Hungary

In 2021, the Hungarian frozen cuttlefishes market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, continues to indicate a abrupt slump. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Frozen Cuttlefishes Exports

Exports from Hungary

After two years of decline, shipments abroad of frozen cuttlefishes increased by 47% to X tons in 2021. Overall, exports, however, recorded a dramatic decrease. The pace of growth appeared the most rapid in 2018 with an increase of 49%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, frozen cuttlefishes exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a precipitous contraction. The growth pace was the most rapid in 2018 when exports increased by 48% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Austria (X kg), Slovakia (X kg) and Romania (X kg) were the main destinations of frozen cuttlefishes exports from Hungary, together accounting for 98% of total exports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +11.7%), while shipments for the other leaders experienced a decline.

In value terms, Austria ($X), Slovakia ($X) and Romania ($X) constituted the largest markets for frozen cuttlefishes exported from Hungary worldwide, with a combined 96% share of total exports.

Austria, with a CAGR of +18.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average frozen cuttlefishes export price stood at $X per ton in 2021, approximately mirroring the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 11%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Croatia ($X per ton), while the average price for exports to Austria ($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 (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Cuttlefishes Imports

Imports into Hungary

In 2021, purchases abroad of frozen cuttlefishes increased by 13% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, saw a abrupt contraction. The growth pace was the most rapid in 2014 when imports increased by 24%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, frozen cuttlefishes imports rose sharply to $X in 2021. Over the period under review, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2014 with an increase of 22% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), Slovakia (X tons) and the Netherlands (X tons) were the main suppliers of frozen cuttlefishes imports to Hungary, together comprising 82% of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +3.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest frozen cuttlefishes suppliers to Hungary were Denmark ($X), Slovakia ($X) and the Netherlands ($X), with a combined 78% share of total imports.

In terms of the main suppliers, Slovakia, with a CAGR of +7.9%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average frozen cuttlefishes import price amounted to $X per ton, which is down by -2.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 35% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen cuttlefishes in the world?

The countries with the highest volumes of frozen cuttlefishes consumption in 2020 were Peru, Indonesia and India, together comprising 59% of global consumption. Spain, Democratic People's Republic of Korea, New Zealand and Thailand lagged somewhat behind, together accounting for a further 25%.

What are the largest producers of frozen cuttlefishes in the world?

The countries with the highest volumes of frozen cuttlefishes production in 2020 were Peru, Indonesia and India, with a combined 63% share of global production.

What are the leading suppliers of frozen cuttlefishes to Hungary?

In value terms, the largest frozen cuttlefishes suppliers to Hungary were Italy, Denmark and Slovakia, together comprising 78% of total imports.

What are the leading importers of frozen cuttlefishes from Hungary?

In value terms, Austria emerged as the key foreign market for frozen cuttlefishes exports from Hungary, comprising 91% of total exports. The second position in the ranking was occupied by Slovakia $334), with an 8% share of total exports.

What is the average export price for frozen cuttlefishes in Hungary?

In 2020, the average frozen cuttlefishes export price amounted to $5,987 per ton, growing by 8.1% against the previous year.

What is the average import price for frozen cuttlefishes in Hungary?

In 2020, the average frozen cuttlefishes import price amounted to $5,632 per ton, declining by -2% against the previous year.

This report provides an in-depth analysis of the frozen cuttlefishes market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023