Hungary: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Hungary

In 2022, the Hungarian market for salted, dried or smoked meat, and offal decreased by -37.4% to $X, falling for the fourth year in a row after seven years of growth. In general, consumption faced a abrupt decline. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Salted, Dried or Smoked Meat, and Offal in Hungary

In value terms, production of salted, dried or smoked meat, and offal shrank significantly to $X in 2022 estimated in export price. Overall, production showed a precipitous contraction. The most prominent rate of growth was recorded in 2018 with an increase of 32%. Production of peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Hungary

In 2022, shipments abroad of salted, dried or smoked meat, and offal increased by 30% to X tons, rising for the fifth year in a row after two years of decline. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 162%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of salted, dried or smoked meat, and offal soared to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 56% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Austria (X tons), Romania (X tons) and Germany (X tons) were the main destinations of exports of salted, dried or smoked meat, and offal from Hungary, together accounting for 60% of total exports. Denmark, the Czech Republic, Slovakia, Croatia and Slovenia lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +48.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for salted, dried or smoked meat, and offal exported from Hungary were Germany ($X), Romania ($X) and Austria ($X), with a combined 57% share of total exports. Denmark, the Czech Republic, Slovakia, Croatia and Slovenia lagged somewhat behind, together comprising a further 27%.

Croatia, with a CAGR of +46.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, dropping by -6.7% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 448%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Austria ($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 Slovenia (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Hungary

In 2022, supplies from abroad of salted, dried or smoked meat, and offal increased by 8.3% to X tons, rising for the fourth year in a row after six years of decline. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 130%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of salted, dried or smoked meat, and offal expanded significantly to $X in 2022. In general, imports showed strong growth. The growth pace was the most rapid in 2018 with an increase of 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Denmark (X tons) and Poland (X tons) were the main suppliers of imports of salted, dried or smoked meat, and offal to Hungary, together accounting for 66% of total imports. Spain, the Netherlands, Slovakia and Italy lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +31.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of salted, dried or smoked meat, and offal to Hungary, comprising 35% of total imports. The second position in the ranking was taken by Spain ($X), with a 14% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+33.0% per year) and Italy (+16.6% per year).

Import Prices by Country

The average import price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, with a decrease of -2.1% against the previous year. Overall, the import price, however, enjoyed pronounced growth. The pace of growth was the most pronounced in 2016 an increase of 59% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 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 Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform