Hungary: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in Hungary

In 2021, the Hungarian preserved mackerel market decreased by -3.7% to $X for the first time since 2015, thus ending a five-year rising trend. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then contracted in the following year.

Preserved Mackerel Production in Hungary

In value terms, preserved mackerel production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 23%. Preserved mackerel production peaked at $X in 2020, and then reduced slightly in the following year.

Preserved Mackerel Exports

Exports from Hungary

In 2021, shipments abroad of mackerel (prepared or preserved) decreased by -50.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 877%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved mackerel exports shrank significantly to $X in 2021. In general, exports saw a dramatic slump. The growth pace was the most rapid in 2020 when exports increased by 952%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for preserved mackerel exports from Hungary, with a 97% share of total exports. It was followed by Serbia (X kg), with a 2.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania totaled -30.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+85.6% per year) and Slovakia (-53.8% per year).

In value terms, Romania ($X) remains the key foreign market for mackerel (prepared or preserved) exports from Hungary, comprising 97% of total exports. The second position in the ranking was taken by Serbia ($X), with a 2.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania stood at -26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+110.6% per year) and Slovakia (-50.3% per year).

Export Prices by Country

In 2021, the average preserved mackerel export price amounted to $X per ton, increasing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.9%. The growth pace was the most rapid in 2015 when the average export price increased by 17% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Serbia ($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 Serbia (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Mackerel Imports

Imports into Hungary

In 2021, after two years of growth, there was significant decline in overseas purchases of mackerel (prepared or preserved), when their volume decreased by -15.2% to X tons. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 19%. Imports peaked at X tons in 2020, and then shrank notably in the following year.

In value terms, preserved mackerel imports fell to $X in 2021. Over the period under review, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 46% against the previous year. Imports peaked at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of preserved mackerel to Hungary, accounting for a 67% share of total imports. Moreover, preserved mackerel imports from Poland exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), threefold. The third position in this ranking was held by Denmark (X tons), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland stood at -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+80.1% per year) and Denmark (-7.8% per year).

In value terms, Poland ($X) constituted the largest supplier of mackerel (prepared or preserved) to Hungary, comprising 62% of total imports. The second position in the ranking was held by Slovakia ($X), with a 19% share of total imports. It was followed by Denmark, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+74.9% per year) and Denmark (-7.3% per year).

Import Prices by Country

The average preserved mackerel import price stood at $X per ton in 2021, approximately reflecting the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 22% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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