Hungary: Preserved Herring Market 2024

Preserved Herring Market Size in Hungary

The Hungarian preserved herring market shrank slightly to $X in 2022, reducing by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Preserved herring consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Preserved Herring Production in Hungary

In value terms, preserved herring production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a modest expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Preserved Herring Exports

Exports from Hungary

After five years of growth, shipments abroad of herrings (prepared or preserved) decreased by X% to X tons in 2022. In general, exports showed a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, preserved herring exports dropped to $X in 2022. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Serbia (X tons), Romania (X tons) and Slovakia (X tons) were the main destinations of preserved herring exports from Hungary, together comprising X% of total exports. Ukraine, Bulgaria, Slovenia and Croatia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved herring exported from Hungary were Serbia ($X), Romania ($X) and Slovakia ($X), together accounting for X% of total exports. Ukraine, Bulgaria, Slovenia and Croatia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Croatia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved herring export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Herring Imports

Imports into Hungary

In 2022, supplies from abroad of herrings (prepared or preserved) decreased by X% to X tons, falling for the fourth consecutive year after four years of growth. Over the period under review, imports recorded a slight downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, preserved herring imports dropped to $X in 2022. In general, imports saw a slight descent. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of preserved herring to Hungary, accounting for a X% share of total imports. Moreover, preserved herring imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Slovakia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Slovakia (X% per year).

In value terms, Poland ($X) constituted the largest supplier of herrings (prepared or preserved) to Hungary, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Slovakia (X% per year).

Import Prices by Country

In 2022, the average preserved herring import price amounted to $X per ton, remaining constant against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Austria ($X per ton) and Slovakia ($X per ton), while the price for Poland ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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