Hungary: Meat Dishes Market 2024

Meat Dishes Market Size in Hungary

In 2022, the Hungarian meat dishes market decreased by -23% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, posted noticeable growth. As a result, consumption attained the peak level of $X, and then dropped dramatically in the following year.

Meat Dishes Production in Hungary

In value terms, meat dishes production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a abrupt curtailment. Meat dishes production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Meat Dishes Exports

Exports from Hungary

In 2022, overseas shipments of meat dishes increased by 29% to X tons, rising for the fifth year in a row after two years of decline. In general, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 51%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, meat dishes exports skyrocketed to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +109.3% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Belgium (X tons) and Slovakia (X tons) were the main destinations of meat dishes exports from Hungary, together comprising 50% of total exports. Poland, the Czech Republic, Romania, Serbia, Austria, Finland, Cyprus, the UK and Russia lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cyprus (with a CAGR of +33.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for meat dishes exports from Hungary, comprising 25% of total exports. The second position in the ranking was held by the UK ($X), with a 12% share of total exports. It was followed by Austria, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+11.1% per year) and Austria (+8.3% per year).

Export Prices by Country

The average meat dishes export price stood at $X per ton in 2022, with a decrease of -5.2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 128%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Belgium ($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 the UK (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Dishes Imports

Imports into Hungary

In 2022, purchases abroad of meat dishes decreased by -7.8% to X tons, falling for the second consecutive year after four years of growth. In general, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 55%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, meat dishes imports surged to $X in 2022. Over the period under review, imports, however, posted strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Slovakia (X tons), Poland (X tons) and the Czech Republic (X tons) were the main suppliers of meat dishes imports to Hungary, with a combined 81% share of total imports. Serbia, Germany, Sweden and Austria lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +90.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Poland ($X) and the Czech Republic ($X) constituted the largest meat dishes suppliers to Hungary, together accounting for 67% of total imports. Germany, Austria, Serbia and Sweden lagged somewhat behind, together comprising a further 23%.

Serbia, with a CAGR of +101.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average meat dishes import price amounted to $X per ton, rising by 39% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat dishes import price increased by +43.4% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 43%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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