Hungary: Pig Fat Market 2020

Pig Fat Market Size in Hungary

The revenue of the pig fat market in Hungary amounted to $X in 2018, lowering by -X% against the previous year. Overall, pig fat consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Pig fat consumption peaked at $X in 2009; however, from 2010 to 2018, consumption remained at a lower figure.

Pig Fat Production in Hungary

In value terms, pig fat production stood at $X in 2018 estimated in export prices. Over the period under review, the total output indicated a strong increase from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pig fat production increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2014 when production volume increased by X% y-o-y. Pig fat production peaked at $X in 2009; however, from 2010 to 2018, production stood at a somewhat lower figure.

Pig Fat Exports

Exports from Hungary

Pig fat exports from Hungary amounted to X tons in 2018, coming down by -X% against the previous year. In general, pig fat exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, pig fat exports attained their maximum at X tons in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, pig fat exports stood at $X in 2018. In general, pig fat exports continue to indicate a slight increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, pig fat exports attained their peak figure at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

Italy (X tons), Romania (X tons) and China (X tons) were the main destinations of pig fat exports from Hungary, together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Italy, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pig fat exported from Hungary were Romania ($X), Italy ($X) and Russia ($X), together comprising X% of total exports.

Among the main countries of destination, Italy experienced the highest growth rate of market size, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average pig fat export price amounted to $X per ton, jumping by X% against the previous year. Overall, the pig fat export price continues to indicate a modest increase. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. Over the period under review, the average export prices for pig fat attained their maximum at $X per ton in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Pig Fat Imports

Imports into Hungary

Pig fat imports into Hungary stood at X tons in 2018, lowering by -X% against the previous year. Over the period under review, pig fat imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. In that year, pig fat imports reached their peak of X tons. From 2015 to 2018, the growth of pig fat imports remained at a lower figure.

In value terms, pig fat imports amounted to $X in 2018. Overall, pig fat imports, however, continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Germany (X tons) constituted the largest supplier of pig fat to Hungary, with a X% share of total imports. Moreover, pig fat imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was occupied by Austria (X tons), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and Austria (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of pig fat to Hungary, comprising X% of total pig fat imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and Austria (+X% per year).

Import Prices by Country

In 2018, the average pig fat import price amounted to $X per ton, going down by -X% against the previous year. In general, the pig fat import price continues to indicate a temperate curtailment. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the countries with the highest prices were Spain ($X per ton) and Austria ($X per ton), while the price for the Netherlands ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Austria, while the prices for the other major suppliers experienced a decline.

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Source: IndexBox Platform