Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Hungary - 2022

Contents:

1. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Hungary (CIF) - 2022
2. Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Hungary (FOB) - 2022
3. Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Hungary
4. Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Hungary

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Hungary (CIF) - 2022

In 2022, the average import price for frozen carcasses and half-carcasses of bovine meat amounted to $31,408 per ton, picking up by 185% against the previous year. Over the period under review, the import price enjoyed a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for Romania amounted to -4.1% per year.

Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Hungary (FOB) - 2022

In July 2021, the average export price for frozen carcasses and half-carcasses of bovine meat amounted to $3,856 per ton, stabilizing at the previous month. Over the period from January 2021 to July 2021, it increased at an average monthly rate of +5.1%. The pace of growth was the most pronounced in June 2021 an increase of 14% month-to-month. Over the period under review, the average export prices hit record highs in July 2021.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From January 2021 to July 2021, the rate of growth in terms of prices for the Netherlands amounted to +5.1% per month.

Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Hungary

In 2022, purchases abroad of frozen carcasses and half-carcasses of bovine meat was finally on the rise to reach 1.3 tons after two years of decline. Over the period under review, imports, however, faced a precipitous slump.

In value terms, imports of frozen carcasses and half-carcasses of bovine meat surged to $41K in 2022. In general, imports, however, recorded a abrupt curtailment.

Top Suppliers of Frozen Carcasses and Half-Carcasses of Bovine Meat to Hungary in 2022:

1. Netherlands (1.3 tons)

Exports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Hungary

In 2022, exports of frozen carcasses and half-carcasses of bovine meat from Hungary soared to 502 tons, surging by 15% against the previous year's figure. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 417%. As a result, the exports reached the peak of 569 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of frozen carcasses and half-carcasses of bovine meat expanded significantly to $1.5M in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 410% against the previous year. As a result, the exports reached the peak of $1.6M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Frozen Carcasses and Half-Carcasses of Bovine Meat from Hungary in 2022:

1. Netherlands (502.2 tons)

Source: IndexBox Market Intelligence Platform