Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Hungary - 2023

Contents:

1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Hungary (CIF) - 2023
2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Hungary (FOB) - 2022
3. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Hungary
4. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Hungary

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Hungary (CIF) - 2023

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $13,182 per ton in August 2023, growing by 6% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 38% month-to-month. As a result, import price attained the peak level of $15,797 per ton. From February 2023 to August 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was India ($35,160 per ton), while the price for Portugal ($3,819 per ton) was amongst the lowest.

From November 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Hungary (FOB) - 2022

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $20,512 per ton in 2022, growing by 6.5% against the previous year. Overall, the export price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 an increase of 356%. Over the period under review, the average export prices attained the maximum at $22,562 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Austria ($21,957 per ton) and Slovakia ($21,569 per ton), while the average price for exports to Italy ($16,050 per ton) and Romania ($16,521 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+60.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Hungary

In 2022, approx. 181 tons of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses were imported into Hungary; surging by 2.1% on the previous year's figure. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 122% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses shrank to $2.1M in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 111% against the previous year. As a result, imports reached the peak of $2.3M, and then dropped in the following year.

Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to Hungary in 2022:

1. France (116.5 tons)
2. Netherlands (22.8 tons)
3. Germany (18.7 tons)
4. Italy (7.4 tons)
5. Portugal (5.9 tons)
6. India (4.0 tons)
7. Sweden (2.2 tons)
8. Spain (1.8 tons)
9. Austria (0.1 tons)

Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Hungary

In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses exported from Hungary skyrocketed to 6.1 tons, with an increase of 42% on the year before. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 3,469% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses skyrocketed to $125K in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 2,946% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from Hungary in 2022:

1. Austria (3494.0 kg)
2. Italy (1100.0 kg)
3. Slovakia (1086.0 kg)
4. Romania (261.0 kg)
5. Slovenia (108.0 kg)
6. Bulgaria (45.0 kg)
7. Croatia (18.0 kg)

Source: IndexBox Market Intelligence Platform