Price for Meat of Bovine Animals; Fresh or Chilled in Hungary - 2023
Contents:
- Price for Meat of Bovine Animals; Fresh or Chilled in Hungary (CIF) - 2022
- Price for Meat of Bovine Animals; Fresh or Chilled in Hungary (FOB) - 2022
- Imports of Meat of Bovine Animals; Fresh or Chilled in Hungary
- Exports of Meat of Bovine Animals; Fresh or Chilled in Hungary
Price for Meat of Bovine Animals; Fresh or Chilled in Hungary (CIF) - 2022
In 2022, the average import price for meat of bovine animals; fresh or chilled amounted to $5,771 per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($20,610 per ton), while the price for Belgium ($3,723 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Fresh or Chilled in Hungary (FOB) - 2022
In 2022, the average export price for meat of bovine animals; fresh or chilled amounted to $4,617 per ton, picking up by 21% against the previous year. Overall, the export price saw a mild increase. The pace of growth appeared the most rapid in 2018 an increase of 75%. As a result, the export price attained the peak level of $9,123 per ton. From 2019 to 2022, the average 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 Denmark ($5,881 per ton) and Poland ($5,658 per ton), while the average price for exports to the Netherlands ($4,297 per ton) and Germany ($4,359 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 Germany (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Fresh or Chilled in Hungary
In 2022, the amount of meat of bovine animals; fresh or chilled imported into Hungary expanded slightly to 6.1K tons, growing by 1.7% compared with 2021 figures. In general, imports, however, recorded a abrupt slump.
In value terms, imports of meat of bovine animals; fresh or chilled expanded modestly to $35M in 2022. Over the period under review, imports, however, showed a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year.
| Import of Meat of Bovine Animals; Fresh or Chilled in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 11.2 | 8.4 | 9.3 | 10.7 | -1.5% |
| Poland | 12.6 | 7.6 | 9.7 | 10.5 | -5.9% |
| Austria | 13.4 | 11.7 | 10.5 | 8.2 | -15.1% |
| Belgium | 0.1 | 0.1 | 1.0 | 1.5 | 146.6% |
| Germany | 2.1 | 0.5 | 0.4 | 1.1 | -19.4% |
| Romania | 3.6 | 0.1 | 0.6 | 0.7 | -42.1% |
| Others | 3.7 | 1.4 | 2.9 | 2.6 | -11.1% |
| Total | 46.6 | 29.8 | 34.4 | 35.3 | -8.8% |
Top Suppliers of Meat of Bovine Animals; Fresh or Chilled to Hungary in 2022:
- Poland (2291.2 tons)
- Netherlands (1475.5 tons)
- Austria (1386.5 tons)
- Belgium (415.5 tons)
- Germany (190.3 tons)
- Romania (125.1 tons)
Exports of Meat of Bovine Animals; Fresh or Chilled in Hungary
In 2022, overseas shipments of meat of bovine animals; fresh or chilled decreased by -20.2% to 7K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. As a result, the exports reached the peak of 9.3K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of meat of bovine animals; fresh or chilled shrank slightly to $32M in 2022. Over the period under review, exports saw a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year.
| Export of Meat of Bovine Animals; Fresh or Chilled in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 16.2 | 12.6 | 17.4 | 18.4 | 4.3% |
| Austria | 8.0 | 5.8 | 5.9 | 4.9 | -15.1% |
| Denmark | 4.4 | 3.3 | 2.9 | 3.1 | -11.0% |
| Germany | 2.1 | 0.6 | 1.5 | 1.7 | -6.8% |
| Poland | 2.2 | 1.0 | 2.1 | 1.2 | -18.3% |
| Romania | 2.6 | 2.1 | 1.4 | 1.1 | -24.9% |
| Others | 4.0 | 1.3 | 2.4 | 2.0 | -20.6% |
| Total | 39.5 | 26.8 | 33.6 | 32.4 | -6.4% |
Top Export Markets for Meat of Bovine Animals; Fresh or Chilled from Hungary in 2022:
- Netherlands (4.3K tons)
- Austria (1.1K tons)
- Denmark (0.5K tons)
- Germany (0.4K tons)
- Romania (0.2K tons)
- Poland (0.2K tons)
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