Hungary: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in Hungary

The Hungarian fresh beef carcase market amounted to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Fresh beef carcase consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Fresh Beef Carcase Production in Hungary

In value terms, fresh beef carcase production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Fresh beef carcase production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Fresh Beef Carcase Exports

Exports from Hungary

For the fourth year in a row, Hungary recorded decline in shipments abroad of fresh or chilled carcases of beef and veal, which decreased by X% to X tons in 2022. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh beef carcase exports contracted slightly to $X in 2022. Overall, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for fresh beef carcase exports from Hungary, with a X% share of total exports. Moreover, fresh beef carcase exports to the Netherlands exceeded the volume sent to the second major destination, Austria (X tons), fivefold. The third position in this ranking was held by Denmark (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Denmark (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for fresh or chilled carcases of beef and veal exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with a X% share of total exports. It was followed by Denmark, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Denmark (X% per year).

Export Prices by Country

The average fresh beef carcase export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh beef carcase export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Denmark ($X per ton) and Germany ($X per ton), while the average price for exports to Austria ($X per ton) and Romania ($X 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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Beef Carcase Imports

Imports into Hungary

In 2022, after three years of decline, there was growth in supplies from abroad of fresh or chilled carcases of beef and veal, when their volume increased by X% to X tons. In general, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, fresh beef carcase imports rose notably to $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Austria (X tons), the Netherlands (X tons) and Poland (X tons) were the main suppliers of fresh beef carcase imports to Hungary, together accounting for X% of total imports. Romania, Italy, Belgium and Ireland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh beef carcase suppliers to Hungary were the Netherlands ($X), Austria ($X) and Poland ($X), with a combined X% share of total imports. Romania, Belgium, Italy and Ireland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Romania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fresh beef carcase import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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