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Hungary - Frozen Cuts Of Chicken - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Chicken Cut Price in Hungary - 2023
Contents:
- Frozen Chicken Cut Price in Hungary (FOB) - 2023
- Frozen Chicken Cut Price in Hungary (CIF) - 2023
- Frozen Chicken Cut Exports in Hungary
- Frozen Chicken Cut Imports in Hungary
Frozen Chicken Cut Price in Hungary (FOB) - 2023
In July 2023, the average frozen chicken cut export price amounted to $1,462 per ton, remaining constant against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 16% against the previous month. Over the period under review, the average export prices reached the maximum at $1,562 per ton in November 2022; however, from December 2022 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was France ($3,237 per ton), while the average price for exports to Ukraine ($350 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Chicken Cut Price in Hungary (CIF) - 2023
The average frozen chicken cut import price stood at $2,002 per ton in July 2023, almost unchanged from the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 33% month-to-month. Over the period under review, average import prices hit record highs at $2,240 per ton in April 2023; however, from May 2023 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Austria ($3,849 per ton), while the price for Estonia ($615 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Austria (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Chicken Cut Exports in Hungary
In 2022, overseas shipments of frozen cuts of chicken were finally on the rise to reach 71K tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen chicken cut exports soared to $94M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Frozen Chicken Cut in Hungary (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 10.3 | 11.7 | 10.5 | 12.9 | 7.8% |
Italy | 1.0 | 0.2 | 1.8 | 12.2 | 130.2% |
Bulgaria | 4.5 | 5.6 | 7.5 | 9.7 | 29.2% |
Germany | 0.9 | 2.1 | 6.4 | 7.8 | 105.4% |
Ukraine | 5.7 | 5.2 | 6.5 | 4.8 | -5.6% |
Canada | 11.5 | 6.6 | 7.3 | 4.0 | -29.7% |
Slovakia | 1.8 | 1.9 | 0.7 | 3.5 | 24.8% |
Spain | 2.1 | 3.0 | 2.0 | 3.0 | 12.6% |
Czech Republic | 0.8 | 1.4 | 1.4 | 2.8 | 51.8% |
Poland | 1.0 | 2.1 | 4.4 | 2.6 | 37.5% |
Moldova | 1.9 | 1.8 | 1.8 | 2.1 | 3.4% |
Angola | 0.1 | 0.2 | 0.6 | 1.2 | 128.9% |
Mozambique | 0.2 | 0.2 | 0.2 | 1.0 | 71.0% |
Others | 23.8 | 19.3 | 22.1 | 26.4 | 3.5% |
Total | 65.5 | 61.2 | 73.2 | 93.8 | 12.7% |
Top Export Markets for Frozen Chicken Cut from Hungary in 2022:
- Ukraine (12.5K tons)
- Romania (8.6K tons)
- Italy (7.2K tons)
- Bulgaria (7.0K tons)
- Germany (3.5K tons)
- Poland (3.1K tons)
- Slovakia (3.1K tons)
- Czech Republic (2.5K tons)
- Moldova (2.4K tons)
- Angola (1.9K tons)
- Canada (1.7K tons)
- Mozambique (1.6K tons)
- Spain (1.6K tons)
Frozen Chicken Cut Imports in Hungary
In 2022, approx. 20K tons of frozen cuts of chicken were imported into Hungary; picking up by 7.1% on the previous year's figure. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.9% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, frozen chicken cut imports expanded notably to $38M in 2022. In general, imports posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 47%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
Import of Frozen Chicken Cut in Hungary (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 3.0 | 6.1 | 11.5 | 12.8 | 62.2% |
Netherlands | 2.0 | 4.9 | 4.6 | 6.3 | 46.6% |
Romania | 3.2 | 5.8 | 6.7 | 6.0 | 23.3% |
Ukraine | N/A | N/A | N/A | 2.5 | 0% |
Slovakia | 1.5 | 1.2 | 1.8 | 2.2 | 13.6% |
Austria | 0.9 | 0.5 | 1.1 | 1.6 | 21.1% |
Czech Republic | 0.1 | 0.3 | 0.7 | 1.5 | 146.6% |
France | 0.2 | 0.3 | 1.1 | 1.5 | 95.7% |
Germany | 2.4 | 1.6 | 1.4 | 1.5 | -14.5% |
Estonia | 0.1 | 0.2 | 0.2 | 0.6 | 81.7% |
Slovenia | 0.6 | 0.4 | 0.4 | 0.5 | -5.9% |
United Kingdom | 1.2 | 0.9 | 0.2 | N/A | -59.2% |
Others | 0.7 | 1.0 | 3.5 | 1.3 | 22.9% |
Total | 15.8 | 23.3 | 33.3 | 38.2 | 34.2% |
Top Suppliers of Frozen Chicken Cut to Hungary in 2022:
- United Kingdom (undefinedK tons)
- Poland (6.1K tons)
- Romania (4.1K tons)
- Netherlands (2.9K tons)
- Ukraine (1.8K tons)
- Austria (0.8K tons)
- Estonia (0.7K tons)
- France (0.7K tons)
- Slovakia (0.7K tons)
- Czech Republic (0.4K tons)
- Germany (0.4K tons)
- Slovenia (0.2K tons)
This report provides an in-depth analysis of the frozen chicken cut 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:
- Prodcom 10122053 - Frozen cuts of chicken
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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