Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hungary - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hungary (CIF) - 2022
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hungary (FOB) - 2022
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hungary
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hungary
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hungary (CIF) - 2022
In 2022, the average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $5,957 per ton, rising by 1.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 38% against the previous year. The import price peaked 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 Poland ($21,195 per ton), while the price for Spain ($1,674 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hungary (FOB) - 2022
In 2022, the average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $6,049 per ton, waning by -63.8% against the previous year. In general, the export price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 98% against the previous year. Over the period under review, the average export prices hit record highs at $19,884 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($30,932 per ton), while the average price for exports to the Netherlands ($1,744 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 the Czech Republic (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hungary
For the fourth consecutive year, Hungary recorded growth in supplies from abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s, which increased by 9.7% to 319 tons in 2022. The total import volume increased at an average annual rate of +13.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s rose rapidly to $1.9M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.4% 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 +53.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 24%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 507 | 510 | 534 | 638 | 8.0% |
| Netherlands | 96.4 | 168 | 502 | 522 | 75.6% |
| France | 410 | 513 | 135 | 247 | -15.5% |
| Germany | 61.5 | 115 | 102 | 181 | 43.3% |
| Belgium | 1.3 | 0.4 | 160 | 103 | 329.5% |
| Denmark | 75.8 | 48.4 | 91.8 | 88.2 | 5.2% |
| Spain | 46.6 | 107 | 106 | 58.1 | 7.6% |
| Others | 36.8 | 71.2 | 68.4 | 60.4 | 18.0% |
| Total | 1,235 | 1,533 | 1,698 | 1,899 | 15.4% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Hungary in 2022:
- Netherlands (109.4 tons)
- France (64.3 tons)
- Belgium (40.6 tons)
- Spain (34.7 tons)
- Poland (30.1 tons)
- Germany (23.8 tons)
- Denmark (7.0 tons)
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hungary
In 2022, the amount of fats and oils and their fractions; of fish, (excluding liver-oils)s exported from Hungary soared to 114 tons, picking up by 193% on the year before. In general, exports saw 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 fats and oils and their fractions; of fish, (excluding liver-oils)s rose rapidly to $690K in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -13.2% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 68%. As a result, the exports attained the peak of $795K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 126 | 252 | 282 | 189 | 14.5% |
| Netherlands | N/A | N/A | N/A | 145 | 0% |
| Romania | 104 | 145 | 107 | 116 | 3.7% |
| Slovakia | 111 | 106 | 104 | 71.3 | -13.7% |
| Czech Republic | 67.8 | 83.2 | 71.4 | 63.4 | -2.2% |
| Bulgaria | 48.0 | 55.5 | 43.9 | 49.2 | 0.8% |
| Sweden | N/A | 116 | N/A | N/A | 0% |
| Others | 15.4 | 36.6 | 41.3 | 56.2 | 54.0% |
| Total | 473 | 795 | 649 | 690 | 13.4% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Hungary in 2022:
- Netherlands (82.9 tons)
- Slovakia (10.5 tons)
- Italy (6.1 tons)
- Romania (5.6 tons)
- Czech Republic (3.1 tons)
- Bulgaria (2.0 tons)
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This report provides an in-depth analysis of the market for fish fat and oil in Hungary.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in Hungary.
820
This report provides an in-depth analysis of the global market for fish fat and oil.
622
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
