Hungary: Frozen Whole Chicken Market 2022

Frozen Whole Chicken Market Size in Hungary

In 2021, the Hungarian frozen whole chicken market was finally on the rise to reach $X after three years of decline. In general, consumption, however, saw a noticeable downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Frozen Whole Chicken Production in Hungary

In value terms, frozen whole chicken production stood at $X in 2021 estimated in export price. In general, production, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Frozen whole chicken production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Frozen Whole Chicken Exports

Exports from Hungary

In 2021, after two years of growth, there was significant decline in shipments abroad of frozen whole chickens, when their volume decreased by -X% to X tons. In general, exports faced a sharp setback. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen whole chicken exports dropped markedly to $X in 2021. Over the period under review, exports saw a significant curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for frozen whole chicken exports from Hungary, with a X% share of total exports. Moreover, frozen whole chicken exports to Belgium exceeded the volume sent to the second major destination, Slovakia (X tons), threefold. Ukraine (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-X% per year) and Ukraine (-X% per year).

In value terms, Belgium ($X) emerged as the key foreign market for frozen whole chicken exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total exports. It was followed by Ukraine, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-X% per year) and Ukraine (-X% per year).

Export Prices by Country

In 2021, the average frozen whole chicken export price amounted to $X per ton, rising by X% against the previous year. In general, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen whole chicken export price increased by +X% against 2018 indices. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to Romania ($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 Ukraine (-X%), while the prices for the other major destinations experienced a decline.

Frozen Whole Chicken Imports

Imports into Hungary

In 2021, approx. X tons of frozen whole chickens were imported into Hungary; dropping by -X% on 2020. Overall, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons, and then declined sharply in the following year.

In value terms, frozen whole chicken imports shrank rapidly to $X in 2021. Over the period under review, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped markedly in the following year.

Imports by Country

Slovakia (X tons), Romania (X tons) and Poland (X tons) were the main suppliers of frozen whole chicken imports to Hungary, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Romania ($X) and the Netherlands ($X) were the largest frozen whole chicken suppliers to Hungary, with a combined X% share of total imports.

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

Import Prices by Country

In 2021, the average frozen whole chicken import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was the Netherlands ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

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Source: IndexBox Platform

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