Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Hungary - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Hungary (CIF) - 2023
2. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Hungary (FOB) - 2023
3. Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Hungary
4. Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Hungary

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Hungary (CIF) - 2023

In August 2023, the average import price for offal, edible; of bovine animals, fresh or chilleds amounted to $2,205 per ton, rising by 13% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $2,275 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($4,452 per ton), while the price for Austria ($1,685 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Austria (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Hungary (FOB) - 2023

In August 2023, the average export price for offal, edible; of bovine animals, fresh or chilleds amounted to $3,621 per ton, which is down by -1.7% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in May 2023 an increase of 72% against the previous month. The export price peaked at $3,756 per ton in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Slovakia ($3,942 per ton), while the average price for exports to Poland ($561 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Hungary

Imports of offal, edible; of bovine animals, fresh or chilleds into Hungary surged to 1.5K tons in 2022, increasing by 23% on 2021. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 232%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of offal, edible; of bovine animals, fresh or chilleds surged to $3.5M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 187% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Offal, Edible; of Bovine Animals, Fresh or Chilled to Hungary in 2022:

1. Germany (632.9 tons)
2. Denmark (380.4 tons)
3. Ireland (241.1 tons)
4. Sweden (100.4 tons)
5. Austria (89.2 tons)
6. Poland (52.2 tons)
7. Netherlands (12.4 tons)

Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Hungary

In 2022, overseas shipments of offal, edible; of bovine animals, fresh or chilleds decreased by -29.5% to 639 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a precipitous decrease. The growth pace was the most rapid in 2020 with an increase of 127% against the previous year. As a result, the exports reached the peak of 12K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of offal, edible; of bovine animals, fresh or chilleds soared to $1.6M in 2022. Overall, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 139%. As a result, the exports attained the peak of $2.7M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Offal, Edible; of Bovine Animals, Fresh or Chilled from Hungary in 2022:

1. Romania (376.0 tons)
2. Slovakia (149.8 tons)
3. Austria (82.4 tons)
4. Netherlands (16.8 tons)
5. Italy (1.9 tons)

Source: IndexBox Market Intelligence Platform