Hungary: Frozen Fish Fillet Market 2022

Frozen Fish Fillet Market Size in Hungary

The Hungarian frozen fish fillet market rose remarkably to $X in 2021, picking up by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Frozen fish fillet consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Frozen Fish Fillet Production in Hungary

In value terms, frozen fish fillet production totaled $X in 2021 estimated in export price. Overall, production faced a abrupt setback. Frozen fish fillet production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Frozen Fish Fillet Exports

Exports from Hungary

After six years of decline, shipments abroad of frozen fish fillet increased by X% to X tons in 2021. Overall, exports, however, saw a noticeable reduction. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, frozen fish fillet exports surged to $X in 2021. Over the period under review, exports, however, showed a deep contraction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Croatia (X tons) was the main destination for frozen fish fillet exports from Hungary, with a X% share of total exports. Moreover, frozen fish fillet exports to Croatia exceeded the volume sent to the second major destination, Romania (X tons), twofold. Austria (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Croatia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Austria (+X% per year).

In value terms, the largest markets for frozen fish fillet exported from Hungary were Romania ($X), Slovakia ($X) and Austria ($X), together comprising X% of total exports. These countries were followed by Croatia, Bulgaria, Lithuania and Serbia, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen fish fillet export price stood at $X per ton in 2021, with a decrease of -X% against the previous year. In general, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Fillet Imports

Imports into Hungary

In 2021, after three years of decline, there was significant growth in supplies from abroad of frozen fish fillet, when their volume increased by X% to X tons. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth imports remained at a lower figure.

In value terms, frozen fish fillet imports surged to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth imports remained at a lower figure.

Imports by Country

Vietnam (X tons), Poland (X tons) and the Netherlands (X tons) were the main suppliers of frozen fish fillet imports to Hungary, with a combined X% share of total imports. Slovakia, Slovenia, Denmark, China, Spain, Germany, Sweden, Romania, Belgium and Kazakhstan lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish fillet suppliers to Hungary were the Netherlands ($X), Poland ($X) and Sweden ($X), together accounting for X% of total imports.

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

Import Prices by Country

The average frozen fish fillet import price stood at $X per ton in 2021, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform