Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hungary - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hungary (CIF) - 2022
2. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hungary (FOB) - 2022
3. Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hungary
4. Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hungary

Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hungary (CIF) - 2022

The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $2,286 per ton in 2022, jumping by 61% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $2,577 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($2,962 per ton), while the price for Poland ($1,006 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hungary (FOB) - 2022

In 2022, the average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $3,052 per ton, with an increase of 22% against the previous year. In general, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 180%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($3,965 per ton), while the average price for exports to the Czech Republic ($632 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 Austria (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hungary

In 2022, overseas purchases of offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -22.4% to 713 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a perceptible curtailment. The pace of growth was the most pronounced in 2020 with an increase of 12%.

In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens skyrocketed to $1.6M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.0% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to Hungary in 2022:

1. Italy (232.9 tons)
2. Poland (200.1 tons)
3. Belgium (119.8 tons)
4. Germany (55.7 tons)
5. Netherlands (21.5 tons)
6. Slovakia (20.3 tons)
7. Estonia (19.1 tons)
8. Czech Republic (13.0 tons)
9. Austria (11.8 tons)
10. Romania (4.4 tons)

Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hungary

After three years of growth, overseas shipments of offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -41.9% to 209 tons in 2022. In general, exports recorded a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 16% against the previous year.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens dropped markedly to $638K in 2022. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 82% against the previous year.

Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from Hungary in 2022:

1. Slovakia (132.3 tons)
2. Czech Republic (44.0 tons)
3. Bulgaria (14.5 tons)
4. Romania (9.4 tons)
5. Austria (4.6 tons)
6. Ukraine (4.4 tons)

Source: IndexBox Market Intelligence Platform