Hungary - Pig Meat Salted (Salted, In Brine, Dried Or Smoked) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hungary - 2023
Contents:
- Price for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hungary (FOB) - 2023
- Price for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hungary (CIF) - 2023
- Exports of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hungary
- Imports of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hungary
Price for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hungary (FOB) - 2023
In October 2023, the average export price for pig meat other than hams or bellies (salted, in brine, dried or smoked) amounted to $7,151 per ton, growing by 3.1% against the previous month. In general, export price indicated a moderate expansion from October 2022 to October 2023: its price increased at an average monthly rate of +4.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for pig meat other than hams or bellies (salted, in brine, dried or smoked) increased by +7.5% against August 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 33% m-o-m. The export price peaked in October 2023.
Average prices varied noticeably for the major external markets. In October 2023, the country with the highest price was Bosnia and Herzegovina ($8,276 per ton), while the average price for exports to the UK ($6,839 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hungary (CIF) - 2023
In August 2023, the average import price for pig meat other than hams or bellies (salted, in brine, dried or smoked) amounted to $11,034 per ton, growing by 4.8% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +3.6%. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 20% month-to-month. Over the period under review, average import prices reached the peak figure in August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Croatia ($15,284 per ton), while the price for the Czech Republic ($6,947 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Croatia (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hungary
In 2022, exports of pig meat other than hams or bellies (salted, in brine, dried or smoked) from Hungary skyrocketed to 2.8K tons, increasing by 28% against 2021 figures. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +6.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45% 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.
In value terms, exports of pig meat other than hams or bellies (salted, in brine, dried or smoked) totaled $13M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 34% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
Export of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 6.6 | 4.0 | 3.9 | 3.9 | -16.1% |
Romania | 0.4 | 1.0 | 2.0 | 2.8 | 91.3% |
Austria | 0.2 | 0.4 | 1.9 | 1.9 | 111.8% |
Denmark | 0.4 | 0.8 | 1.3 | 1.3 | 48.1% |
Czech Republic | 1.0 | 1.2 | 0.9 | 1.2 | 6.3% |
Sweden | 0.1 | 0.3 | 0.4 | 0.6 | 81.7% |
Slovakia | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
United Kingdom | 0.2 | 0.2 | 0.4 | 0.3 | 14.5% |
Italy | 1.1 | 0.1 | 0.1 | 0.2 | -43.3% |
Others | 0.5 | 0.4 | 0.4 | 0.7 | 11.9% |
Total | 10.9 | 8.8 | 11.7 | 13.4 | 7.1% |
Top Export Markets for Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies from Hungary in 2022:
- Germany (849.5 tons)
- Romania (600.4 tons)
- Austria (408.8 tons)
- Denmark (321.9 tons)
- Czech Republic (241.7 tons)
- Slovakia (72.4 tons)
- Sweden (63.3 tons)
- United Kingdom (62.1 tons)
- Italy (32.2 tons)
Imports of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hungary
In 2022, purchases abroad of pig meat other than hams or bellies (salted, in brine, dried or smoked) decreased by -5.4% to 1.5K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 11% against the previous year.
In value terms, imports of pig meat other than hams or bellies (salted, in brine, dried or smoked) declined to $12M in 2022. The total import value increased at an average annual rate of +8.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 18%.
Import of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 5.9 | 6.6 | 6.7 | 6.0 | 0.6% |
Italy | 1.5 | 1.9 | 2.5 | 2.3 | 15.3% |
Austria | 0.5 | 0.7 | 1.1 | 1.2 | 33.9% |
Croatia | 0.4 | 0.5 | 0.8 | 0.9 | 31.0% |
Spain | 0.9 | 0.9 | 0.8 | 0.8 | -3.9% |
Czech Republic | N/A | N/A | N/A | 0.3 | 0% |
Slovakia | 0.1 | 0.3 | 0.3 | 0.3 | 44.2% |
Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
Total | 9.4 | 11.1 | 12.5 | 12.0 | 8.5% |
Top Suppliers of Salted, Dried, or Smoked Pig Meat Other than Hams or Bellies to Hungary in 2022:
- Germany (800.8 tons)
- Italy (201.2 tons)
- Slovakia (115.2 tons)
- Austria (104.3 tons)
- Croatia (82.4 tons)
- Spain (73.0 tons)
- Czech Republic (52.9 tons)
This report provides an in-depth analysis of the market for salted, dried, or smoked pig meat other than hams or bellies 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 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)
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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