Report Update: Apr 1, 2024

Hungary - Animal And Pet Feed - Market Analysis, Forecast, Size, Trends And Insights

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Animal Feed Price in Hungary - 2023

Animal Feed Price in Hungary (FOB) - 2023

In July 2023, the average animal feed export price amounted to $852 per ton, with a decrease of -8.9% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in August 2022 an increase of 14% m-o-m. The export price peaked at $935 per ton in June 2023, and then reduced in the following month.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Serbia ($2,306 per ton), while the average price for exports to Italy ($292 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Price in Hungary (CIF) - 2023

The average animal feed import price stood at $968 per ton in July 2023, reducing by -14.4% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in December 2022 an increase of 16% m-o-m. Over the period under review, average import prices reached the peak figure at $1,132 per ton in June 2023, and then shrank in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2,284 per ton), while the price for Slovakia ($450 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Animal Feed Exports in Hungary

In 2022, overseas shipments of animal and pet feed decreased by -4.4% to 323K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year. As a result, the exports reached the peak of 338K tons, and then reduced slightly in the following year.

In value terms, animal feed exports expanded sharply to $238M in 2022. The total export value increased at an average annual rate of +10.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Export of Animal Feed in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	61.4	61.1	80.3	90.5	13.8%
Croatia	7.0	6.0	16.6	22.0	46.5%
Slovakia	15.4	15.9	18.2	17.8	4.9%
Czech Republic	10.2	10.6	14.2	13.7	10.3%
Serbia	5.1	6.6	8.8	10.5	27.2%
Poland	7.2	7.4	7.6	9.6	10.1%
France	7.0	7.2	9.0	9.5	10.7%
Netherlands	4.2	4.1	4.7	7.7	22.4%
Belgium	6.2	8.2	8.7	6.3	0.5%
Italy	2.1	2.3	3.3	5.2	35.3%
Myanmar	3.0	6.1	2.1	N/A	-16.3%
Others	48.5	38.4	42.0	44.9	-2.5%
Total	177	174	216	238	10.4%

Top Export Markets for Animal Feed from Hungary in 2022:

Romania (166.1K tons)
Croatia (40.2K tons)
Slovakia (29.4K tons)
Italy (20.8K tons)
Czech Republic (8.2K tons)
France (8.0K tons)
Poland (7.8K tons)
Serbia (7.1K tons)
Netherlands (6.2K tons)
Belgium (5.2K tons)

Animal Feed Imports in Hungary

In 2022, after two years of decline, there was significant growth in supplies from abroad of animal and pet feed, when their volume increased by 29% to 202K tons. Over the period under review, imports, however, showed a drastic downturn.

In value terms, animal feed imports surged to $179M in 2022. The total import value increased at an average annual rate of +5.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Animal Feed in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	30.5	34.6	38.0	43.9	12.9%
Ukraine	43.8	25.5	14.5	28.0	-13.9%
Netherlands	16.6	15.3	17.3	20.4	7.1%
Germany	10.7	11.0	13.7	14.6	10.9%
France	9.6	10.3	12.4	11.3	5.6%
Czech Republic	1.4	1.9	5.4	10.4	95.1%
Slovakia	2.5	2.0	2.8	9.4	55.5%
Belgium	10.1	11.2	12.2	9.0	-3.8%
Italy	11.6	8.3	8.8	8.6	-9.5%
Poland	1.6	2.7	4.6	5.2	48.1%
Denmark	1.0	1.3	1.7	3.4	50.4%
Others	13.6	14.2	14.1	15.1	3.5%
Total	153	138	146	179	5.4%

Top Suppliers of Animal Feed to Hungary in 2022:

Austria (57.4K tons)
Ukraine (52.3K tons)
Slovakia (24.2K tons)
Czech Republic (14.3K tons)
Netherlands (11.1K tons)
Germany (8.2K tons)
Italy (7.5K tons)
Belgium (5.7K tons)
France (5.2K tons)
Poland (3.1K tons)
Denmark (3.0K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the animal feed 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 10911010 - Premixtures for farm animal feeds
Prodcom 10911033 - Preparations used for farm animal feeding (excluding premixtures): pigs
Prodcom 10911035 - Preparations used for farm animal feeding (excluding premixtures): cattle
Prodcom 10911037 - Preparations used for farm animal feeding (excluding premixtures): poultry
Prodcom 10921060 - Preparations used for feeding pets (excluding preparations for cats or dogs, p.r.s.)

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