Hungary - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in Hungary - 2023
Contents:
- Frozen Crustaceans Price in Hungary (CIF) - 2023
- Frozen Crustaceans Price in Hungary (FOB) - 2022
- Frozen Crustaceans Imports in Hungary
- Frozen Crustaceans Exports in Hungary
Frozen Crustaceans Price in Hungary (CIF) - 2023
The average frozen crustaceans import price stood at $13,043 per ton in August 2023, growing by 48% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +3.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was France ($20,973 per ton), while the price for Denmark ($8,180 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Crustaceans Price in Hungary (FOB) - 2022
The average frozen crustaceans export price stood at $9,696 per ton in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2013 when the average export price increased by 38%. Over the period under review, the average export prices attained the maximum at $11,947 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($10,280 per ton), while the average price for exports to Croatia ($4,155 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 Austria (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Crustaceans Imports in Hungary
In 2022, after three years of growth, there was significant decline in purchases abroad of frozen crustaceans, when their volume decreased by -8.9% to 678 tons. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 11%.
In value terms, frozen crustaceans imports shrank to $6.1M in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 10%. As a result, imports attained the peak of $6.5M, and then reduced in the following year.
| Import of Frozen Crustaceans in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2,241 | 2,090 | 1,740 | 1,731 | -8.2% |
| Netherlands | 741 | 926 | 1,179 | 1,347 | 22.0% |
| Denmark | 493 | 428 | 770 | 999 | 26.5% |
| Spain | 78.7 | 343 | 766 | 542 | 90.3% |
| Vietnam | N/A | 312 | 617 | 318 | 1.0% |
| Germany | 73.5 | 49.4 | 173 | 249 | 50.2% |
| Slovakia | 185 | 137 | 214 | 233 | 8.0% |
| Czech Republic | 427 | 383 | 255 | 178 | -25.3% |
| Poland | 419 | 419 | 358 | 150 | -29.0% |
| Others | 789 | 863 | 475 | 307 | -27.0% |
| Total | 5,447 | 5,951 | 6,547 | 6,053 | 3.6% |
Top Suppliers of Frozen Crustaceans to Hungary in 2022:
- France (230.6 tons)
- Netherlands (129.7 tons)
- Denmark (111.1 tons)
- Spain (43.7 tons)
- Vietnam (38.0 tons)
- Slovakia (36.4 tons)
- Germany (25.3 tons)
- Czech Republic (16.4 tons)
- Poland (15.4 tons)
Frozen Crustaceans Exports in Hungary
For the fourth consecutive year, Hungary recorded growth in overseas shipments of frozen crustaceans, which increased by 55% to 70 tons in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 105%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, frozen crustaceans exports skyrocketed to $678K in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 133% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Export of Frozen Crustaceans in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 107 | 82.2 | 184 | 362 | 50.1% |
| Slovakia | 20.9 | 65.7 | 167 | 209 | 115.4% |
| Romania | 10.1 | 11.9 | 75.7 | 96.8 | 112.4% |
| Croatia | 9.3 | 24.4 | 3.5 | 9.4 | 0.4% |
| Others | 6.1 | 1.4 | 1.4 | 0.7 | -51.4% |
| Total | 153 | 186 | 432 | 678 | 64.3% |
Top Export Markets for Frozen Crustaceans from Hungary in 2022:
- Austria (35.2 tons)
- Slovakia (22.4 tons)
- Romania (9.9 tons)
- Croatia (2.3 tons)
This report provides an in-depth analysis of the frozen crustaceans 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 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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