Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in Hungary - 2023

Contents:

  1. Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hungary (CIF) - 2022
  2. Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hungary (FOB) - 2022
  3. Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hungary
  4. Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hungary

Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hungary (CIF) - 2022

The average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $8,282 per ton in 2022, shrinking by -3.9% against the previous year. In general, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 an increase of 55%. Over the period under review, average import prices reached the peak figure at $10,795 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($11,454 per ton), while the price for Belgium ($4,929 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hungary (FOB) - 2022

The average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $12,000 per ton in 2020, with an increase of 1,100% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The export price peaked at $17,750 per ton in 2018; however, from 2019 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Romania.

From 2013 to 2020, the rate of growth in terms of prices for Romania amounted to -6.9% per year.

Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hungary

In 2022, approx. 3.6 tons of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s were imported into Hungary; which is down by -41.7% compared with 2021. Overall, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year.

In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s fell sharply to $30K in 2022. In general, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year.

Import of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands7.54.734.215.026.0%
FranceN/AN/A5.58.554.5%
Denmark14.48.95.42.7-42.8%
Spain5.11.36.62.7-19.1%
Belgium0.60.31.40.810.1%
Sweden3.85.8N/AN/A52.6%
United KingdomN/A19.2N/AN/A0%
Poland22.2N/AN/AN/A0%
Others1.50.50.1N/A-74.2%
Total55.140.853.229.8-18.5%

Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to Hungary in 2022:

  1. Netherlands (1885.0 kg)
  2. France (918.0 kg)
  3. Spain (385.0 kg)
  4. Denmark (240.0 kg)
  5. Belgium (170.0 kg)

Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hungary

In 2020, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s from Hungary skyrocketed to 2 kg, increasing by 100% compared with the previous year's figure. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s skyrocketed to $24 in 2020. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Hungary (USD)
COUNTRY20192020CAGR,
2019-2020
RomaniaN/A24.00%
Slovakia1.0N/A0%
OthersN/AN/A0%
Total1.024.02300.0%

Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from Hungary in 2022:

  1. Romania (2.0 kg)

Source: IndexBox Market Intelligence Platform

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