Hungary: Meat And Poultry Market 2024

Meat And Poultry Market Size in Hungary

In 2022, the Hungarian meat and poultry market was finally on the rise to reach $X after three years of decline. In general, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Meat And Poultry Production in Hungary

In value terms, meat and poultry production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

In 2022, the average meat and poultry yield in Hungary was estimated at X kg per head, stabilizing at the previous year's figure. In general, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the average meat and poultry yield hit record highs at X kg per head in 2013; however, from 2014 to 2022, the yield failed to regain momentum.

In 2022, the number of animals slaughtered for meat and poultry production in Hungary declined to X heads, which is down by X% against the previous year's figure. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2015 when the number of producing animals increased by X%. Over the period under review, this number attained the peak level at X heads in 2021, and then declined slightly in the following year.

Meat And Poultry Exports

Exports from Hungary

In 2022, approx. X tons of meat and poultry were exported from Hungary; reducing by X% against 2021. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, meat and poultry exports amounted to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Romania (X tons), Slovakia (X tons) and Italy (X tons) were the main destinations of meat and poultry exports from Hungary, with a combined X% share of total exports. Bulgaria, Germany, Austria, Croatia, Poland, Ukraine, France, the Netherlands, Slovenia and the UK lagged somewhat behind, together accounting for 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, Romania ($X), Germany ($X) and Slovakia ($X) constituted the largest markets for meat and poultry exported from Hungary worldwide, together accounting for X% of total exports. Italy, Austria, France, Croatia, Bulgaria, the Netherlands, the UK, Slovenia, Poland and Ukraine lagged somewhat behind, together comprising a further X%.

Croatia, with a CAGR of X%, recorded 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

In 2022, the average meat and poultry export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a slight contraction. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Ukraine ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat And Poultry Imports

Imports into Hungary

In 2022, imports of meat and poultry into Hungary amounted to X tons, surging by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, meat and poultry imports soared to $X in 2022. Overall, total imports indicated a pronounced increase 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 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of meat and poultry imports to Hungary, with a combined X% share of total imports. Austria, Ukraine, the Netherlands, Romania, Slovakia, Belgium, Denmark, France and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Spain ($X) were the largest meat and poultry suppliers to Hungary, together accounting for X% of total imports. The Netherlands, Austria, Ukraine, Romania, Slovakia, Belgium, France, Denmark and the UK lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Ukraine, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average meat and poultry import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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