Hungary - Frozen Cuts Of Turkey - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Turkey Cut Price in Hungary - 2023
Contents:
- Frozen Turkey Cut Price in Hungary (FOB) - 2023
- Frozen Turkey Cut Price in Hungary (CIF) - 2023
- Frozen Turkey Cut Exports in Hungary
- Frozen Turkey Cut Imports in Hungary
Frozen Turkey Cut Price in Hungary (FOB) - 2023
The average frozen turkey cut export price stood at $3,210 per ton in July 2023, shrinking by -21.8% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 33% month-to-month. The export price peaked at $4,760 per ton in December 2022; however, from January 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($7,147 per ton), while the average price for exports to Ghana ($1,057 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 Spain (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Turkey Cut Price in Hungary (CIF) - 2023
In June 2023, the average frozen turkey cut import price amounted to $5,836 per ton, picking up by 14% against the previous month. Overall, import price indicated a tangible increase from June 2022 to June 2023: its price increased at an average monthly rate of +2.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, frozen turkey cut import price increased by +69.0% against April 2023 indices. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 48% m-o-m. Over the period under review, average import prices reached the maximum in June 2023.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Poland ($6,107 per ton), while the price for Germany amounted to $5,047 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Estonia (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Turkey Cut Exports in Hungary
Frozen turkey cut exports from Hungary contracted dramatically to 11K tons in 2022, which is down by -19.1% against 2021 figures. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. As a result, the exports attained the peak of 14K tons, and then contracted remarkably in the following year.
In value terms, frozen turkey cut exports rose notably to $41M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 62% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Frozen Turkey Cut in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 1.3 | 0.1 | 2.3 | 6.0 | 66.5% |
| Austria | 4.9 | 3.5 | 3.1 | 4.9 | 0.0% |
| France | 3.7 | 3.1 | 3.1 | 4.4 | 5.9% |
| Italy | 0.3 | 2.0 | 2.3 | 4.1 | 139.1% |
| Germany | 2.6 | 1.6 | 4.0 | 3.8 | 13.5% |
| Romania | 3.5 | 1.9 | 3.4 | 2.7 | -8.3% |
| Croatia | 1.6 | 1.2 | 2.1 | 1.8 | 4.0% |
| Poland | 1.4 | 0.9 | 2.3 | 1.7 | 6.7% |
| Switzerland | 2.0 | 2.0 | 2.6 | 1.6 | -7.2% |
| Slovakia | 1.5 | 0.9 | 0.8 | 1.4 | -2.3% |
| Spain | 0.8 | 0.6 | 1.8 | 1.3 | 17.6% |
| Czech Republic | 1.2 | 0.5 | 1.3 | 1.2 | 0.0% |
| Moldova | 0.3 | 0.3 | 0.4 | 0.3 | 0.0% |
| Others | 5.6 | 4.4 | 7.7 | 5.6 | 0.0% |
| Total | 30.9 | 23.0 | 37.2 | 40.9 | 9.8% |
Top Export Markets for Frozen Turkey Cut from Hungary in 2022:
- Austria (1261.6 tons)
- Greece (1151.2 tons)
- Germany (1017.7 tons)
- Romania (974.3 tons)
- Poland (935.9 tons)
- Italy (922.1 tons)
- France (921.5 tons)
- Moldova (404.6 tons)
- Slovakia (365.3 tons)
- Croatia (360.7 tons)
- Spain (327.4 tons)
- Switzerland (303.2 tons)
- Czech Republic (283.0 tons)
Frozen Turkey Cut Imports in Hungary
In 2022, overseas purchases of frozen turkey cuts were finally on the rise to reach 1.9K tons after two years of decline. Over the period under review, imports, however, recorded a significant contraction.
In value terms, frozen turkey cut imports surged to $7.6M in 2022. Overall, total imports indicated modest growth from 2019 to 2022: its value increased at an average annual rate of +1.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Turkey Cut in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 698 | 688 | 3,337 | 5,732 | 101.8% |
| Germany | 4,331 | 2,673 | 834 | 1,022 | -38.2% |
| Ukraine | N/A | N/A | N/A | 285 | 0% |
| Austria | 722 | 297 | 221 | 189 | -36.0% |
| Estonia | 17.3 | N/A | N/A | 60.1 | 51.5% |
| France | 12.2 | 7.2 | 43.5 | 50.9 | 61.0% |
| United Kingdom | 1,069 | 346 | N/A | 3.8 | -84.7% |
| Spain | 82.6 | 123 | 58.6 | N/A | -15.8% |
| Others | 280 | 120 | 243 | 212 | -8.9% |
| Total | 7,212 | 4,256 | 4,737 | 7,554 | 1.6% |
Top Suppliers of Frozen Turkey Cut to Hungary in 2022:
- Poland (1288.5 tons)
- Germany (169.2 tons)
- France (152.7 tons)
- Estonia (65.5 tons)
- Ukraine (55.4 tons)
- Austria (35.0 tons)
- United Kingdom (1.9 tons)
This report provides an in-depth analysis of the frozen turkey cut 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 10122055 - Frozen cuts of turkey
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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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