Hungary - Sardines (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Sardines Price in Hungary - 2023
Contents:
- Preserved Sardines Price in Hungary (CIF) - 2023
- Preserved Sardines Price in Hungary (FOB) - 2022
- Preserved Sardines Imports in Hungary
- Preserved Sardines Exports in Hungary
Preserved Sardines Price in Hungary (CIF) - 2023
In June 2023, the average preserved sardines import price amounted to $4,449 per ton, remaining stable against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in August 2022 an increase of 19% m-o-m. The import price peaked at $5,018 per ton in March 2023; however, from April 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Croatia ($7,063 per ton), while the price for Latvia ($2,101 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Croatia (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Sardines Price in Hungary (FOB) - 2022
The average preserved sardines export price stood at $5,757 per ton in 2022, declining by -6.6% against the previous year. Over the period under review, the export price, however, showed buoyant growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 58%. As a result, the export price attained the peak level of $6,552 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($7,121 per ton), while the average price for exports to the Czech Republic ($4,600 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 Ukraine (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Sardines Imports in Hungary
In 2022, purchases abroad of sardines (prepared or preserved) decreased by less than 0.1% to 1K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 when imports increased by 2.3%. As a result, imports reached the peak of 1.2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, preserved sardines imports rose markedly to $3.9M in 2022. In general, imports, however, recorded a slight increase.
| Import of Preserved Sardines in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1,021 | 962 | 958 | 1,027 | 0.2% |
| Morocco | 512 | 401 | 419 | 760 | 14.1% |
| Germany | 437 | 761 | 547 | 668 | 15.2% |
| Croatia | 397 | 491 | 606 | 587 | 13.9% |
| Czech Republic | 861 | 548 | 465 | 383 | -23.7% |
| Latvia | 375 | 596 | 234 | 123 | -31.0% |
| Slovakia | 23.7 | 35.4 | 47.8 | 115 | 69.3% |
| Others | 126 | 193 | 347 | 199 | 16.5% |
| Total | 3,752 | 3,988 | 3,623 | 3,863 | 1.0% |
Top Suppliers of Preserved Sardines to Hungary in 2022:
- Poland (276.9 tons)
- Morocco (214.8 tons)
- Germany (158.2 tons)
- Croatia (146.5 tons)
- Czech Republic (100.6 tons)
- Latvia (58.0 tons)
- Slovakia (23.4 tons)
Preserved Sardines Exports in Hungary
After two years of decline, overseas shipments of sardines (prepared or preserved) increased by 312% to 42 tons in 2022. In general, exports, however, continue to indicate a noticeable decline.
In value terms, preserved sardines exports surged to $241K in 2022. Over the period under review, exports saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Preserved Sardines in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 17.1 | 97.1 | 18.6 | 150 | 106.2% |
| Romania | 40.6 | 21.3 | 28.6 | 37.6 | -2.5% |
| Ukraine | N/A | N/A | N/A | 19.9 | 0% |
| Austria | N/A | N/A | 5.1 | 17.8 | 249.0% |
| Bosnia and Herzegovina | 4.9 | 3.2 | 5.4 | 8.2 | 18.7% |
| Slovakia | 15.3 | 0.5 | 0.6 | 4.5 | -33.5% |
| Croatia | 74.1 | N/A | N/A | N/A | 0% |
| Czech Republic | 8.9 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.3 | 4.3 | 2.4 | 100.0% |
| Total | 161 | 122 | 62.6 | 241 | 14.4% |
Top Export Markets for Preserved Sardines from Hungary in 2022:
- Czech Republic (undefined tons)
- Serbia (26.4 tons)
- Romania (7.2 tons)
- Ukraine (3.4 tons)
- Austria (2.5 tons)
- Bosnia and Herzegovina (1.3 tons)
- Slovakia (0.9 tons)
This report provides an in-depth analysis of the preserved sardines 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 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, 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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