Report Update: May 1, 2024

Hungary - Smoked Pacific, Atlantic And Danube Salmon - Market Analysis, Forecast, Size, Trends And Insights

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Smoked Salmon Price in Hungary - 2023

Smoked Salmon Price in Hungary (CIF) - 2023

In July 2023, the average smoked salmon import price amounted to $21,812 per ton, growing by 30% against the previous month. Over the period under review, import price indicated measured growth from July 2022 to July 2023: its price increased at an average monthly rate of +4.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, smoked salmon import price decreased by -4.7% against April 2023 indices. The pace of growth was the most pronounced in August 2022 an increase of 42% month-to-month. The import price peaked at $22,878 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Poland ($26,039 per ton), while the price for Denmark ($7,972 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Smoked Salmon Price in Hungary (FOB) - 2022

In 2022, the average smoked salmon export price amounted to $16,560 per ton, reducing by -3.1% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 94% against the previous year. Over the period under review, the average export prices reached the peak figure at $17,082 per ton in 2021, and then dropped slightly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Bulgaria ($18,794 per ton) and Slovenia ($18,596 per ton), while the average price for exports to Austria ($15,149 per ton) and Croatia ($16,433 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 (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Smoked Salmon Imports in Hungary

In 2022, approx. 293 tons of smoked pacific, atlantic and danube salmon were imported into Hungary; surging by 5.6% compared with the previous year's figure. The total import volume increased at an average annual rate of +10.9% 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 2021 when imports increased by 28%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, smoked salmon imports amounted to $4.9M in 2022. The total import value increased at an average annual rate of +12.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Smoked Salmon in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1,617	1,740	2,261	2,163	10.2%
Lithuania	757	829	1,033	1,402	22.8%
Poland	771	386	542	514	-12.6%
Czech Republic	50.0	279	311	380	96.6%
Netherlands	89.7	70.7	62.3	181	26.4%
Sweden	44.8	24.6	133	88.7	25.6%
Slovakia	N/A	N/A	N/A	25.3	0%
Others	153	191	140	149	-0.9%
Total	3,482	3,520	4,482	4,903	12.1%

Top Suppliers of Smoked Salmon to Hungary in 2022:

Germany (114.4 tons)
Lithuania (89.2 tons)
Poland (30.0 tons)
Czech Republic (24.7 tons)
Netherlands (17.2 tons)
Slovakia (6.2 tons)
Sweden (5.5 tons)

Smoked Salmon Exports in Hungary

Smoked salmon exports from Hungary skyrocketed to 13 tons in 2022, with an increase of 38% against the previous year. In general, exports continue to indicate strong growth. The growth pace was the most rapid in 2021 when exports increased by 60%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, smoked salmon exports surged to $208K in 2022. Over the period under review, exports enjoyed strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 95%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Smoked Salmon in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Croatia	96.6	45.0	74.9	73.0	-8.9%
Romania	5.6	1.2	38.0	53.3	111.9%
Austria	32.8	18.1	21.5	47.2	12.9%
Slovakia	3.5	1.4	11.6	23.6	88.9%
Bulgaria	N/A	N/A	5.7	6.4	12.3%
Slovenia	3.0	7.0	3.8	4.6	15.3%
Others	N/A	7.3	N/A	N/A	0%
Total	141	80.0	156	208	13.8%

Top Export Markets for Smoked Salmon from Hungary in 2022:

Croatia (4.4 tons)
Austria (3.1 tons)
Romania (3.0 tons)
Slovakia (1.4 tons)
Slovenia (0.3 tons)
Bulgaria (0.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the smoked salmon market 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 10202420 -
Prodcom 10202425 - Smoked Pacific, Atlantic and Danube salmon (including fillets, e xcluding heads, tails and maws)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023