Hungary - Herrings (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Herring Price in Hungary - 2023
Contents:
- Preserved Herring Price in Hungary (CIF) - 2023
- Preserved Herring Price in Hungary (FOB) - 2022
- Preserved Herring Imports in Hungary
- Preserved Herring Exports in Hungary
Preserved Herring Price in Hungary (CIF) - 2023
In May 2023, the average preserved herring import price amounted to $4,025 per ton, falling by -4.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in April 2023 an increase of 13% m-o-m. As a result, import price attained the peak level of $4,207 per ton, and then fell in the following month.
Average prices varied somewhat amongst the major supplying countries. In May 2023, the country with the highest price was Germany ($4,972 per ton), while the price for Poland ($3,962 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Herring Price in Hungary (FOB) - 2022
The average preserved herring export price stood at $4,547 per ton in 2022, picking up by 9.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 54%. Over the period under review, the average export prices reached the maximum at $5,073 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($5,313 per ton), while the average price for exports to Ukraine ($2,902 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 Bulgaria (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Herring Imports in Hungary
In 2022, approx. 1.4K tons of herrings (prepared or preserved) were imported into Hungary; declining by -4.1% compared with the previous year. Over the period under review, imports continue to indicate a noticeable shrinkage. The smallest decline of -1.8% was in 2021.
In value terms, preserved herring imports rose slightly to $5.1M in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 5.5% 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.
| Import of Preserved Herring in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 3,089 | 3,080 | 3,058 | 3,305 | 2.3% |
| Germany | 1,307 | 1,351 | 1,466 | 1,270 | -1.0% |
| Slovakia | 31.9 | 66.0 | 143 | 156 | 69.7% |
| Lithuania | 81.9 | 77.8 | 134 | 126 | 15.4% |
| Austria | 1.0 | 1.3 | 0.6 | 96.2 | 358.2% |
| Others | 69.6 | 82.8 | 113 | 105 | 14.7% |
| Total | 4,580 | 4,658 | 4,914 | 5,059 | 3.4% |
Top Suppliers of Preserved Herring to Hungary in 2022:
- Poland (955.4 tons)
- Germany (328.6 tons)
- Slovakia (39.2 tons)
- Lithuania (32.2 tons)
- Austria (22.2 tons)
Preserved Herring Exports in Hungary
After three years of growth, shipments abroad of herrings (prepared or preserved) decreased by -7.2% to 24 tons in 2022. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 107%.
In value terms, preserved herring exports stood at $111K in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 88% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Preserved Herring in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 28.2 | 39.3 | 17.0 | 39.8 | 12.2% |
| Romania | 15.5 | 43.9 | 72.1 | 22.6 | 13.4% |
| Slovakia | 0.3 | 0.9 | 7.1 | 18.6 | 295.8% |
| Ukraine | N/A | N/A | N/A | 11.2 | 0% |
| Bulgaria | N/A | N/A | 5.2 | 11.1 | 113.5% |
| Slovenia | 0.1 | 0.3 | 4.0 | 3.1 | 214.1% |
| Croatia | 0.5 | 0.5 | 2.8 | 2.9 | 79.7% |
| Others | 1.1 | 0.9 | 1.2 | 1.7 | 15.6% |
| Total | 45.7 | 85.7 | 109 | 111 | 34.4% |
Top Export Markets for Preserved Herring from Hungary in 2022:
- Serbia (7.5 tons)
- Romania (4.8 tons)
- Slovakia (4.2 tons)
- Ukraine (3.9 tons)
- Bulgaria (2.3 tons)
- Slovenia (0.7 tons)
- Croatia (0.7 tons)
This report provides an in-depth analysis of the preserved herring 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 10202520 - Prepared or preserved herrings, whole or in pieces (excluding minced products and prepared meals and dishes)
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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