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

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

In August 2023, the average export price for offal, edible; of swine, fresh or chilled amounted to $862 per ton, shrinking by -11.8% against the previous month. Overall, export price indicated a pronounced expansion from August 2022 to August 2023: its price increased at an average monthly rate of +2.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, export price for offal, edible; of swine, fresh or chilled decreased by -20.7% against June 2023 indices. The growth pace was the most rapid in March 2023 when the average export price increased by 34% against the previous month. The export price peaked at $1,087 per ton in June 2023; however, from July 2023 to August 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Romania ($1,450 per ton), while the average price for exports to Italy ($182 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 Austria (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In August 2023, the average import price for offal, edible; of swine, fresh or chilled amounted to $2,728 per ton, picking up by 34% against the previous month. Over the period under review, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in April 2023 an increase of 170% m-o-m. Over the period under review, average import prices attained the maximum in August 2023.

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 ($3,400 per ton), while the price for Slovakia ($1,779 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 Germany (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Offal, Edible; of Swine, Fresh or Chilled in Hungary

In 2022, shipments abroad of offal, edible; of swine, fresh or chilled decreased by -11.4% to 25K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 26% against the previous year. As a result, the exports attained the peak of 28K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of offal, edible; of swine, fresh or chilled skyrocketed to $16M in 2022. The total export value increased at an average annual rate of +13.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 38%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Export of Offal, Edible; of Swine, Fresh or Chilled in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	3.1	5.0	6.0	4.8	15.7%
Poland	0.4	0.9	0.6	2.5	84.2%
Romania	0.9	0.8	1.4	2.3	36.7%
France	0.5	0.6	0.7	1.5	44.2%
Slovakia	0.8	1.3	1.5	1.5	23.3%
Belgium	0.7	1.5	0.8	1.0	12.6%
Germany	2.0	2.3	N/A	0.8	-26.3%
Spain	0.9	1.0	0.9	0.6	-12.6%
Netherlands	0.9	1.2	0.2	0.1	-51.9%
Others	0.7	0.2	0.3	1.0	12.6%
Total	10.8	14.9	12.4	15.9	13.8%

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

Italy (8.2K tons)
Poland (5.0K tons)
Romania (2.3K tons)
Slovakia (2.1K tons)
France (2.0K tons)
Germany (1.9K tons)
Spain (1.2K tons)
Belgium (0.8K tons)
Netherlands (0.1K tons)

Imports of Offal, Edible; of Swine, Fresh or Chilled in Hungary

In 2022, the amount of offal, edible; of swine, fresh or chilled imported into Hungary was estimated at 3.3K tons, with an increase of 13% compared with the year before. The total import volume increased at an average annual rate of +8.9% 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 2021 when imports increased by 30%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of offal, edible; of swine, fresh or chilled reduced remarkably to $2.8M in 2022. Over the period under review, imports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. As a result, imports attained the peak of $3.4M, and then declined dramatically in the following year.

Import of Offal, Edible; of Swine, Fresh or Chilled in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	904	913	1,041	1,378	15.1%
Spain	593	119	169	540	-3.1%
Slovakia	947	992	882	451	-21.9%
Poland	161	208	346	213	9.8%
Germany	183	464	932	191	1.4%
Czech Republic	317	212	31.5	0.3	-90.2%
Others	182	132	2.1	12.3	-59.3%
Total	3,286	3,040	3,403	2,785	-5.4%