Report Update: May 1, 2024

Hungary - Egg Products - Market Analysis, Forecast, Size, Trends And Insights

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Egg Product Price in Hungary - 2023

Egg Product Price in Hungary (CIF) - 2023

The average egg product import price stood at $6,272 per ton in June 2023, with a decrease of -1.6% against the previous month. Overall, import price indicated a temperate expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, egg product import price increased by +25.2% against January 2023 indices. The pace of growth appeared the most rapid in September 2022 an increase of 25% month-to-month. Over the period under review, average import prices hit record highs at $6,371 per ton in May 2023, and then reduced slightly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Austria ($9,324 per ton), while the price for Romania ($2,163 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Austria (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Egg Product Price in Hungary (FOB) - 2022

The average egg product export price stood at $4,782 per ton in 2022, growing by 33% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, egg product export price increased by +65.6% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($5,923 per ton), while the average price for exports to Croatia ($1,689 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 Bosnia and Herzegovina (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Egg Product Imports in Hungary

In 2022, approx. 1.8K tons of egg products were imported into Hungary; with an increase of 7.2% compared with 2021. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 18% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, egg product imports skyrocketed to $6.8M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Egg Product in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	662	633	986	2,138	47.8%
Austria	569	507	504	1,923	50.1%
Latvia	1,019	1,212	1,126	1,194	5.4%
Italy	785	813	1,050	957	6.8%
Germany	128	218	219	211	18.1%
Romania	139	77.1	46.7	141	0.5%
Lithuania	175	110	41.2	82.7	-22.1%
Bulgaria	240	110	127	N/A	-27.3%
Others	482	277	392	188	-26.9%
Total	4,197	3,957	4,490	6,835	17.7%

Top Suppliers of Egg Product to Hungary in 2022:

Austria (698.5 tons)
Latvia (395.7 tons)
Italy (301.8 tons)
Poland (299.4 tons)
Romania (33.5 tons)
Germany (28.6 tons)
Lithuania (15.2 tons)

Egg Product Exports in Hungary

Egg product exports from Hungary reached 605 tons in 2022, growing by 4% compared with 2021 figures. The total export volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 29% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, egg product exports surged to $2.9M in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 57% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Egg Product in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	454	388	447	1,131	35.6%
Romania	541	408	646	1,011	23.2%
North Macedonia	160	275	355	320	26.0%
Bosnia and Herzegovina	N/A	32.1	185	163	125.3%
Slovakia	103	79.6	244	133	8.9%
Finland	2.3	1.5	11.2	64.5	203.8%
Croatia	6.1	15.7	17.3	18.0	43.4%
Serbia	77.6	86.5	36.2	13.6	-44.0%
Germany	259	17.0	41.5	N/A	-60.0%
Others	31.0	32.2	112	41.4	10.1%
Total	1,635	1,335	2,095	2,895	21.0%

Top Export Markets for Egg Product from Hungary in 2022:

Romania (203.0 tons)
Austria (194.7 tons)
North Macedonia (74.3 tons)
Slovakia (60.1 tons)
Bosnia and Herzegovina (40.6 tons)
Finland (10.9 tons)
Croatia (10.7 tons)
Serbia (2.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the egg product 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 10891230 - Egg products, fresh, dried, cooked by steaming or by boiling in water, moulded, frozen or otherwise preserved (excluding albumin, in the shell)

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