Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary - 2023
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary (FOB) - 2022
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary (CIF) - 2022
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary (FOB) - 2022
In 2022, the average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $3,442 per ton, remaining relatively unchanged against the previous year. In general, the export price showed a mild setback. The pace of growth appeared the most rapid in 2016 an increase of 151% against the previous year. As a result, the export price reached the peak level of $13,981 per ton. From 2017 to 2022, the average export prices remained at a 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 Kosovo ($7,979 per ton), while the average price for exports to China ($3,184 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 China (+76.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary (CIF) - 2022
In 2022, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $5,852 per ton, falling by -6.7% against the previous year. Overall, the import price showed a slight descent. The most prominent rate of growth was recorded in 2016 an increase of 139%. As a result, import price reached the peak level of $11,868 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($12,435 per ton), while the price for the Netherlands ($4,757 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary
In 2022, the amount of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat exported from Hungary skyrocketed to 1.5K tons, increasing by 79% against 2021. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 573% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat surged to $5M in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 227%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 1.1 | 4.3 | 290.9% |
| Kosovo | N/A | 0.8 | 1.4 | 0.6 | -13.4% |
| Serbia | 1.1 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 0.3 | 0.1 | 0.0% |
| Total | 1.2 | 0.9 | 2.8 | 5.0 | 60.9% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Hungary in 2022:
- China (1357.7 tons)
- Kosovo (80.6 tons)
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary
In 2022, the amount of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat imported into Hungary skyrocketed to 116 tons, jumping by 16% against 2021. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 87%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat expanded remarkably to $677K in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 117% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 31.6 | 118 | 459 | 345 | 121.8% |
| Netherlands | 158 | 148 | 62.2 | 239 | 14.8% |
| Poland | 0.4 | 3.0 | 48.9 | 54.8 | 415.5% |
| Ireland | 4.5 | 8.2 | 2.5 | 27.5 | 82.8% |
| Germany | 96.0 | 4.3 | 47.2 | 10.1 | -52.8% |
| Others | N/A | 6.5 | 6.7 | 0.8 | -64.9% |
| Total | 290 | 289 | 627 | 677 | 32.7% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Hungary in 2022:
- Netherlands (50.3 tons)
- Belgium (49.3 tons)
- Poland (10.4 tons)
- Ireland (4.9 tons)
- Germany (0.8 tons)
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