Price for Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in Hungary - 2023

Contents:

1. Price for Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in Hungary (FOB) - 2023
2. Price for Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in Hungary (CIF) - 2022
3. Exports of Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in Hungary
4. Imports of Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in Hungary

Price for Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in Hungary (FOB) - 2023

In August 2023, the average export price for poultry; live, ducks, geese, turkeys and guinea fowls, weighing more than 185g meat amounted to $19.7 per unit, shrinking by -16.2% against the previous month. Over the period under review, the export price showed a mild shrinkage. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 15% month-to-month. Over the period under review, the average export prices hit record highs at $27.1 per unit in January 2023; however, from February 2023 to August 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Poland ($20.0 per unit), while the average price for exports to Bulgaria stood at $2.2 per unit.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+13.7%), while the prices for the other major destinations experienced a decline.

Price for Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in Hungary (CIF) - 2022

The average import price for poultry; live, ducks, geese, turkeys and guinea fowls, weighing more than 185g meat stood at $36 per unit in 2022, surging by 150% against the previous year. In general, the import price showed a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($42 per unit), while the price for Slovakia ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in Hungary

In 2022, exports of poultry; live, ducks, geese, turkeys and guinea fowls, weighing more than 185g meat from Hungary soared to 1.1M units, growing by 23% against the previous year's figure. In general, exports, however, saw a drastic downturn. Over the period under review, the exports of reached the maximum at 1.7M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of poultry; live, ducks, geese, turkeys and guinea fowls, weighing more than 185g meat skyrocketed to $37M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g from Hungary in 2022:

1. Poland (887.0K units)
2. Austria (195.8K units)
3. Germany (64.9K units)
4. Bulgaria (1.0K units)

Imports of Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g in Hungary

Imports of poultry; live, ducks, geese, turkeys and guinea fowls, weighing more than 185g meat into Hungary soared to 81K units in 2022, increasing by 51% on the previous year. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 324%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of poultry; live, ducks, geese, turkeys and guinea fowls, weighing more than 185g meat surged to $2.9M in 2022. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Poultry; Live, Ducks, Geese, Turkeys and Guinea Fowls, Weighing More than 185g to Hungary in 2022:

1. Poland (57.3K units)
2. Slovakia (18.4K units)
3. Romania (4.2K units)

Source: IndexBox Market Intelligence Platform