Hungary: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Hungary

In 2020, the Hungarian preserved belly cut market increased by X% to $X, rising for the fourth year in a row after two years of decline. Overall, consumption, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2014 when the market value increased by X% against the previous year. Preserved belly cut consumption peaked at $X in 2010; however, from 2011 to 2020, consumption remained at a lower figure.

Preserved Belly Cut Production in Hungary

In value terms, preserved belly cut production contracted to $X in 2020 estimated in export prices. Overall, production continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% y-o-y. Preserved belly cut production peaked at $X in 2010; however, from 2011 to 2020, production remained at a lower figure.

Preserved Belly Cut Exports

Exports from Hungary

In 2020, after two years of growth, there was significant decline in overseas shipments of hams, shoulders and cuts of swine (salted, in brine, dried or smoked), when their volume decreased by -X% to X tons. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. As a result, exports attained the peak of X tons. from 2014 to 2020, the growth exports failed to regain the momentum.

In value terms, preserved belly cut exports contracted remarkably to $X in 2020. Over the period under review, exports recorded a noticeable downturn. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. from 2014 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Croatia (X tons), Romania (X tons) and Slovakia (X tons) were the main destinations of preserved belly cut exports from Hungary, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Croatia (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X) emerged as the key foreign market for preserved belly cut exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Romania ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Croatia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Slovakia (-X% per year).

Export Prices by Country

In 2020, the average preserved belly cut export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price posted a prominent increase. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Croatia ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Belly Cut Imports

Imports into Hungary

In 2020, the amount of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) imported into Hungary soared to X tons, growing by X% compared with the year before. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Imports peaked in 2020 and are likely to see steady growth in years to come.

In value terms, preserved belly cut imports surged to $X in 2020. Over the period under review, imports saw strong growth. The pace of growth was the most pronounced in 2014 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, Germany (X tons) constituted the largest supplier of preserved belly cut to Hungary, with a X% share of total imports. Moreover, preserved belly cut imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Denmark (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Denmark (+X% per year).

In value terms, Germany ($X), Spain ($X) and Italy ($X) were the largest preserved belly cut suppliers to Hungary, with a combined X% share of total imports.

Among the main suppliers, Spain recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average preserved belly cut import price amounted to $X per ton, which is down by -X% against the previous year. In general, the import price saw a mild descent. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2010; however, from 2011 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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