Hungary: Animal Guts Market 2024

Animal Guts Market Size in Hungary

In 2022, the Hungarian animal guts market increased by 28% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a remarkable increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Animal Guts Production in Hungary

In value terms, animal guts production soared to $X in 2022 estimated in export price. Over the period under review, production continues to indicate resilient growth. The growth pace was the most rapid in 2021 when the production volume increased by 70% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

Animal Guts Exports

Exports from Hungary

In 2022, shipments abroad of guts, bladders and stomachs of animals was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.2% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 73%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, animal guts exports rose sharply to $X in 2022. In general, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 64%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Italy (X tons) and Germany (X tons) were the main destinations of animal guts exports from Hungary, together comprising 68% of total exports. The Netherlands, the Czech Republic, Slovakia, Romania and Hong Kong SAR lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +39.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Italy ($X) constituted the largest markets for animal guts exported from Hungary worldwide, with a combined 60% share of total exports. Romania, the Czech Republic, Hong Kong SAR, Poland and Slovakia lagged somewhat behind, together accounting for a further 38%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +37.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average animal guts export price stood at $X per ton in 2022, waning by -13.1% against the previous year. Over the period under review, the export price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when the average export price increased by 42%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, 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 Germany (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Guts Imports

Imports into Hungary

In 2022, animal guts imports into Hungary skyrocketed to X tons, increasing by 21% against the previous year. Overall, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.3% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 45%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, animal guts imports surged to $X in 2022. In general, imports enjoyed notable growth. The most prominent rate of growth was recorded in 2019 when imports increased by 52%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Slovakia (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of animal guts imports to Hungary, with a combined 79% 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 Poland (with a CAGR of +57.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of guts, bladders and stomachs of animals to Hungary, comprising 43% of total imports. The second position in the ranking was held by Slovakia ($X), with a 21% share of total imports. It was followed by Austria, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+14.3% per year) and Austria (-0.9% per year).

Import Prices by Country

The average animal guts import price stood at $X per ton in 2022, surging by 19% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average import price increased by 33%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :