Report Update Nov 1, 2024

Hungary - Tuna (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Preserved Tuna Market 2024

Preserved Tuna Market Size in Hungary

After five years of growth, the Hungarian preserved tuna market decreased by -12.2% to $X in 2021. In general, consumption, however, enjoyed a moderate increase. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Preserved Tuna Production in Hungary

In value terms, preserved tuna production declined to $X in 2021 estimated in export price. Over the period under review, production, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. As a result, production attained the peak level of $X, and then fell in the following year.

Preserved Tuna Exports

Exports from Hungary

In 2021, shipments abroad of tuna (prepared or preserved) increased by 159% to X tons, rising for the second year in a row after two years of decline. In general, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 181%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, preserved tuna exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 201% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Serbia (X tons), Romania (X tons) and Austria (X tons) were the main destinations of preserved tuna exports from Hungary, with a combined 67% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +134.2%), while the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Romania ($X) and Estonia ($X) appeared to be the largest markets for preserved tuna exported from Hungary worldwide, together comprising 70% of total exports.

Serbia, with a CAGR of +130.3%, saw the highest growth rate of the value of exports, among 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

In 2021, the average preserved tuna export price amounted to $X per ton, reducing by -15.5% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 42%. As a result, the export price reached the peak level of $X per ton, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Austria ($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 Romania (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Tuna Imports

Imports into Hungary

For the eighth year in a row, Hungary recorded growth in overseas purchases of tuna (prepared or preserved), which increased by 2.1% to X tons in 2021. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 35% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, preserved tuna imports reached $X in 2021. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 20% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

Italy (X tons), Germany (X tons) and Portugal (X tons) were the main suppliers of preserved tuna imports to Hungary, together comprising 68% of total imports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +100.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of tuna (prepared or preserved) to Hungary, comprising 52% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by Portugal, with a 9% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.7% per year) and Portugal (+98.3% per year).

Import Prices by Country

In 2021, the average preserved tuna import price amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 13% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average 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 ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tuna (prepared or preserved) in the world?

China remains the largest preserved tuna consuming country worldwide, comprising approx. 16% of total volume. Moreover, preserved tuna consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 4.7% share.

What are the largest producers of tuna (prepared or preserved) in the world?

The country with the largest volume of preserved tuna production was China, accounting for 18% of total volume. Moreover, preserved tuna production in China exceeded the figures recorded by the second-largest producer, Thailand, threefold. India ranked third in terms of total production with a 6.7% share.

What are the leading suppliers of tuna (prepared or preserved) to Hungary?

In value terms, Italy constituted the largest supplier of preserved tuna to Hungary, comprising 52% of total imports. The second position in the ranking was occupied by Germany, with a 19% share of total imports. It was followed by Portugal, with a 9% share.

What are the leading importers of tuna (prepared or preserved) from Hungary?

In value terms, the largest markets for preserved tuna exported from Hungary were Serbia, Romania and Estonia, with a combined 76% share of total exports. These countries were followed by Austria, Slovakia, Germany and the UK, which together accounted for a further 20%.

What is the average export price for tuna (prepared or preserved) in Hungary?

The average preserved tuna export price stood at $8,719 per ton in 2021, reducing by -13.8% against the previous year.

What is the average import price for tuna (prepared or preserved) in Hungary?

The average preserved tuna import price stood at $6,205 per ton in 2021, remaining stable against the previous year.

This report provides an in-depth analysis of the preserved tuna market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10202540 - Prepared or preserved tuna, skipjack and Atlantic bonito, w hole or in pieces (excluding minced products and prepared meals and dishes)

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023