Frozen Tilapia Fillets Price in Hungary - 2023
Contents:
- Frozen Tilapia Fillets Price in Hungary (CIF) - 2022
- Frozen Tilapia Fillets Price in Hungary (FOB) - 2022
- Frozen Tilapia Fillets Imports in Hungary
- Frozen Tilapia Fillets Exports in Hungary
Frozen Tilapia Fillets Price in Hungary (CIF) - 2022
In 2022, the average frozen tilapia fillets import price amounted to $5,416 per ton, surging by 43% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($6,959 per ton), while the price for Slovakia ($4,606 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Tilapia Fillets Price in Hungary (FOB) - 2022
In 2022, the average frozen tilapia fillets export price amounted to $5,792 per ton, jumping by 22% against the previous year. In general, the export price, however, showed a pronounced slump. The pace of growth was the most pronounced in 2018 an increase of 31% against the previous year. Over the period under review, the average export prices hit record highs at $7,563 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($6,150 per ton), while the average price for exports to Slovakia ($3,213 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 Romania (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Tilapia Fillets Imports in Hungary
In 2022, approx. 383 tons of frozen tilapia fillets were imported into Hungary; growing by 25% on 2021 figures. In general, total imports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +3.7% 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 +59.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, frozen tilapia fillets imports surged to $2.1M in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Tilapia Fillets in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 125 | 143 | 223 | 881 | 91.7% |
| Belgium | 480 | 212 | 375 | 528 | 3.2% |
| Poland | 308 | 129 | 344 | 308 | 0.0% |
| China | N/A | 93.6 | 44.9 | 137 | 21.0% |
| Slovakia | 102 | 87.7 | 81.0 | 131 | 8.7% |
| Netherlands | 35.4 | 101 | 98.3 | 89.4 | 36.2% |
| Others | 33.0 | N/A | N/A | 1.2 | -66.9% |
| Total | 1,083 | 766 | 1,167 | 2,075 | 24.2% |
Top Suppliers of Frozen Tilapia Fillets to Hungary in 2022:
- Denmark (162.8 tons)
- Belgium (89.5 tons)
- Poland (61.6 tons)
- Slovakia (28.4 tons)
- China (27.9 tons)
- Netherlands (12.9 tons)
Frozen Tilapia Fillets Exports in Hungary
In 2022, exports of frozen tilapia fillets from Hungary soared to 2.9 tons, increasing by 55% on the previous year. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 288% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, frozen tilapia fillets exports surged to $17K in 2022. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 337%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Frozen Tilapia Fillets in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 1.3 | 1.2 | 4.6 | 13.7 | 119.2% |
| Romania | 0.3 | 0.8 | 2.9 | 2.7 | 108.0% |
| Slovenia | 3.8 | N/A | 1.2 | N/A | -43.8% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 5.4 | 2.0 | 8.8 | 16.6 | 45.4% |
Top Export Markets for Frozen Tilapia Fillets from Hungary in 2022:
- Austria (2232.0 kg)
- Romania (594.0 kg)
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