Report Hungary - Turkey Meat - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Sep 6, 2023

Hungary - Turkey Meat - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Turkey Meat Market 2023

Turkey Meat Market Size in Hungary

After two years of decline, the Hungarian turkey meat market increased by 14% to $X in 2022. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Turkey Meat Production in Hungary

In value terms, turkey meat production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 9.5% against the previous year. Turkey meat production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of turkey meat in Hungary stood at X kg per head in 2022, approximately reflecting 2021 figures. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the yield increased by 3.6%. Over the period under review, the average turkey meat yield attained the maximum level at X kg per head in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure.

In 2022, the number of animals slaughtered for turkey meat production in Hungary expanded modestly to X heads, increasing by 4.2% on the year before. Overall, the number of producing animals, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2015 when the number of producing animals increased by 10%. Over the period under review, this number attained the maximum level at X heads in 2012; however, from 2013 to 2022, producing animals failed to regain momentum.

Turkey Meat Exports

Exports from Hungary

Turkey meat exports from Hungary contracted significantly to X tons in 2022, which is down by -18.2% compared with the previous year's figure. Over the period under review, exports showed a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, turkey meat exports rose modestly to $X in 2022. In general, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons), Slovakia (X tons) and Austria (X tons) were the main destinations of turkey meat exports from Hungary, together comprising 44% of total exports. Italy, Germany, Switzerland, Greece, Slovenia, Croatia, France, Poland, the Netherlands and the Czech Republic lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +28.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for turkey meat exported from Hungary were Romania ($X), Austria ($X) and Slovakia ($X), together accounting for 39% of total exports. Italy, Switzerland, Germany, Slovenia, Greece, France, Croatia, the Netherlands, the Czech Republic and Poland lagged somewhat behind, together accounting for a further 53%.

Greece, with a CAGR of +33.3%, recorded the highest rates of growth with regard to the value of exports, among 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 turkey meat export price amounted to $X per ton, growing by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Poland ($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 Greece (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Turkey Meat Imports

Imports into Hungary

In 2022, overseas purchases of turkey meat decreased by -10.8% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports showed a deep reduction. The growth pace was the most rapid in 2013 when imports increased by 21%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, turkey meat imports rose remarkably to $X in 2022. Overall, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 34%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Austria (X tons) and Germany (X tons) were the main suppliers of turkey meat imports to Hungary, with a combined 86% share of total imports. France, Romania, Estonia, Belgium and the UK lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of +287.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Austria ($X) and Germany ($X) were the largest turkey meat suppliers to Hungary, with a combined 90% share of total imports. Romania, Estonia, France, Belgium and the UK lagged somewhat behind, together accounting for a further 6.5%.

Estonia, with a CAGR of +211.3%, recorded the highest growth rate of 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 2022, the average turkey meat import price amounted to $X per ton, surging by 21% against the previous year. Over the period under review, the import price showed a resilient expansion. The growth pace was the most rapid in 2014 an increase of 29%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for turkey meat in the world?
+
The country with the largest volume of turkey meat consumption was the United States, comprising approx. 42% of total volume. Moreover, turkey meat consumption in the United States exceeded the figures recorded by the second-largest consumer, Brazil, fivefold. Germany ranked third in terms of total consumption with a 7.6% share.
What are the largest producers of turkey meat in the world?
+
The United States constituted the country with the largest volume of turkey meat production, accounting for 44% of total volume. Moreover, turkey meat production in the United States exceeded the figures recorded by the second-largest producer, Brazil, fivefold. The third position in this ranking was taken by Germany, with a 7.9% share.
What are the leading suppliers of turkey meat to Hungary?
+
In value terms, the largest turkey meat suppliers to Hungary were Poland, Austria and Germany, with a combined 90% share of total imports. Romania, Estonia, France, Belgium and the UK lagged somewhat behind, together comprising a further 6.5%.
What are the leading importers of turkey meat from Hungary?
+
In value terms, Romania, Austria and Slovakia appeared to be the largest markets for turkey meat exported from Hungary worldwide, with a combined 39% share of total exports. Italy, Switzerland, Germany, Slovenia, Greece, France, Croatia, the Netherlands, the Czech Republic and Poland lagged somewhat behind, together comprising a further 53%.
What is the average export price for turkey meat in Hungary?
+
In 2022, the average turkey meat export price amounted to $4,039 per ton, picking up by 27% against the previous year.
What is the average import price for turkey meat in Hungary?
+
The average turkey meat import price stood at $3,456 per ton in 2022, increasing by 21% against the previous year.

This report provides an in-depth analysis of the turkey meat market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 1080 - Turkey meat
Country coverage:
• Hungary

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hungary
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Yield And Growth
Figure 16:
Exports And Growth
Figure 17:
Export Prices And Growth
Figure 18:
Market Size And Growth
Figure 19:
Per Capita Consumption
Figure 20:
Imports And Growth
Figure 21:
Import Prices
Figure 22:
Production, In Physical Terms, 2012–2022
Figure 23:
Production, In Value Terms, 2012–2022
Figure 24:
Producing Animals Slaughtered, 2012–2022
Figure 25:
Yield, 2012–2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country Of Origin, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, By Country Of Destination, 2012–2022
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