Hungary - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPork Price in Hungary - 2023
Contents:
- Pork Price in Hungary (FOB) - 2023
- Pork Price in Hungary (CIF) - 2023
- Pork Exports in Hungary
- Pork Imports in Hungary
Pork Price in Hungary (FOB) - 2023
The average pork export price stood at $3,624 per ton in August 2023, waning by -2.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.6%. The pace of growth was the most pronounced in December 2022 an increase of 8.7% month-to-month. The export price peaked at $3,734 per ton in July 2023, and then contracted slightly in the following month.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Austria ($6,082 per ton), while the average price for exports to Bulgaria ($3,053 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Pork Price in Hungary (CIF) - 2023
In August 2023, the average pork import price amounted to $3,610 per ton, approximately mirroring the previous month. Over the period under review, import price indicated a tangible increase from August 2022 to August 2023: its price increased at an average monthly rate of +4.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, pork import price decreased by -0.7% against June 2023 indices. The growth pace was the most rapid in March 2023 when the average import price increased by 13% m-o-m. The import price peaked at $3,635 per ton in June 2023; afterwards, it flattened through to August 2023.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Spain ($3,954 per ton) and Poland ($3,881 per ton), while the price for Slovakia ($3,072 per ton) and Italy ($3,280 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Pork Exports in Hungary
After three years of growth, shipments abroad of pork decreased by -1.2% to 157K tons in 2022. The total export volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 7.7% against the previous year. As a result, the exports attained the peak of 159K tons, and then fell in the following year.
In value terms, pork exports reached $417M in 2022. The total export value increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Pork in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 133 | 126 | 114 | 139 | 1.5% |
| Italy | 53.4 | 39.8 | 31.9 | 42.1 | -7.6% |
| Croatia | 40.1 | 45.0 | 32.3 | 37.3 | -2.4% |
| United States | 1.1 | 14.2 | 47.8 | 27.0 | 190.6% |
| Slovakia | 13.7 | 11.5 | 22.9 | 26.9 | 25.2% |
| Slovenia | 19.2 | 19.6 | 20.4 | 21.5 | 3.8% |
| Poland | 15.1 | 15.7 | 16.2 | 15.4 | 0.7% |
| Bulgaria | 18.3 | 14.5 | 14.7 | 14.6 | -7.3% |
| Serbia | N/A | 4.7 | 12.2 | 13.4 | 68.9% |
| Spain | 11.2 | 11.3 | 13.5 | 9.7 | -4.7% |
| Moldova | 4.2 | 3.9 | 8.8 | 8.8 | 28.0% |
| United Kingdom | 9.3 | 6.7 | 8.8 | 8.8 | -1.8% |
| Bosnia and Herzegovina | 11.0 | 10.3 | 6.3 | 8.0 | -10.1% |
| Others | 52.1 | 57.3 | 47.4 | 44.2 | -5.3% |
| Total | 382 | 380 | 397 | 417 | 3.0% |
Top Export Markets for Pork from Hungary in 2022:
- Romania (57.0K tons)
- Italy (16.7K tons)
- Croatia (13.2K tons)
- Slovakia (10.0K tons)
- Slovenia (7.5K tons)
- United States (6.7K tons)
- Bulgaria (6.3K tons)
- Poland (5.5K tons)
- Serbia (5.2K tons)
- Moldova (3.9K tons)
- Spain (3.5K tons)
- Bosnia and Herzegovina (3.2K tons)
- United Kingdom (2.9K tons)
Pork Imports in Hungary
Pork imports into Hungary expanded notably to 150K tons in 2022, increasing by 9% against 2021. Overall, imports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year.
In value terms, pork imports skyrocketed to $347M in 2022. In general, imports, however, continue to indicate a pronounced setback.
| Import of Pork in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 93.8 | 90.2 | 106 | 102 | 2.8% |
| Spain | 66.3 | 64.4 | 58.6 | 82.8 | 7.7% |
| Poland | 53.2 | 44.1 | 34.3 | 43.4 | -6.6% |
| Austria | 34.5 | 28.6 | 25.9 | 31.9 | -2.6% |
| Slovakia | 33.4 | 25.7 | 22.0 | 20.5 | -15.0% |
| Netherlands | 23.0 | 16.7 | 16.7 | 20.3 | -4.1% |
| Belgium | 14.2 | 9.5 | 11.1 | 13.6 | -1.4% |
| Croatia | 23.0 | 2.6 | N/A | N/A | -88.7% |
| Others | 31.8 | 31.8 | 22.6 | 32.6 | 0.8% |
| Total | 373 | 314 | 298 | 347 | -2.4% |
Top Suppliers of Pork to Hungary in 2022:
- Croatia (undefinedK tons)
- Germany (47.7K tons)
- Spain (30.1K tons)
- Poland (20.6K tons)
- Austria (12.2K tons)
- Slovakia (10.0K tons)
- Netherlands (7.5K tons)
- Belgium (6.9K tons)
This report provides an in-depth analysis of the pork 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:
- FCL 1035 - Pig meat
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
- 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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