Price for Protein; Concentrates and Textured Protein Substances in Hungary - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Hungary (FOB) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Hungary (CIF) - 2022
- Exports of Protein; Concentrates and Textured Protein Substances in Hungary
- Imports of Protein; Concentrates and Textured Protein Substances in Hungary
Price for Protein; Concentrates and Textured Protein Substances in Hungary (FOB) - 2024
In March 2024, the average export price for protein; concentrates and textured protein substanceses amounted to $14,274 per ton, dropping by -15.2% against the previous month. Over the period under review, the export price saw a pronounced descent. The pace of growth appeared the most rapid in January 2024 when the average export price increased by 14% month-to-month. Over the period under review, the average export prices hit record highs at $18,756 per ton in March 2023; however, from April 2023 to March 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($24,547 per ton), while the average price for exports to Bosnia and Herzegovina ($6,072 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Hungary (CIF) - 2022
In 2022, the average import price for protein; concentrates and textured protein substanceses amounted to $3,296 per ton, reducing by -15.3% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for protein; concentrates and textured protein substanceses decreased by -22.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 37%. The import price peaked at $4,235 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($22,580 per ton), while the price for Serbia ($1,574 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Protein; Concentrates and Textured Protein Substances in Hungary
In 2022, exports of protein; concentrates and textured protein substanceses from Hungary expanded to 3.3K tons, picking up by 4% compared with the previous year's figure. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of protein; concentrates and textured protein substanceses surged to $52M in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Protein; Concentrates and Textured Protein Substances in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.2 | 4.6 | 5.4 | 8.4 | 26.0% |
| France | 1.5 | 1.6 | 3.1 | 4.9 | 48.4% |
| Spain | 2.0 | 2.5 | 4.0 | 4.2 | 28.1% |
| Poland | 0.7 | 0.8 | 5.5 | 2.5 | 52.9% |
| United Kingdom | 1.2 | 1.1 | 2.1 | 2.5 | 27.7% |
| Czech Republic | 0.8 | 0.9 | 1.1 | 2.4 | 44.2% |
| Slovenia | 0.7 | 1.2 | 1.5 | 2.0 | 41.9% |
| Slovakia | 1.0 | 0.7 | 1.5 | 2.0 | 26.0% |
| Turkey | 1.0 | 0.9 | 0.8 | 1.7 | 19.3% |
| Italy | 0.8 | 1.0 | 1.3 | 1.7 | 28.6% |
| Austria | 0.8 | 1.0 | 0.8 | 1.4 | 20.5% |
| United Arab Emirates | 0.2 | 0.2 | 0.7 | 1.0 | 71.0% |
| Serbia | 0.3 | 0.3 | 0.5 | 0.6 | 26.0% |
| Others | 7.7 | 8.6 | 16.0 | 16.3 | 28.4% |
| Total | 23.0 | 25.4 | 44.3 | 51.7 | 31.0% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Hungary in 2022:
- Germany (475.8 tons)
- United Kingdom (324.4 tons)
- France (254.8 tons)
- Spain (221.0 tons)
- Poland (176.2 tons)
- Slovenia (148.6 tons)
- Czech Republic (132.5 tons)
- Slovakia (122.1 tons)
- Turkey (104.0 tons)
- United Arab Emirates (86.4 tons)
- Italy (84.1 tons)
- Austria (79.3 tons)
- Serbia (55.2 tons)
Imports of Protein; Concentrates and Textured Protein Substances in Hungary
For the fourth year in a row, Hungary recorded growth in supplies from abroad of protein; concentrates and textured protein substanceses, which increased by 25% to 2.3K tons in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.5% 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 +75.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of protein; concentrates and textured protein substanceses rose rapidly to $7.7M in 2022. The total import value increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 36%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Protein; Concentrates and Textured Protein Substances in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 915 | 1,818 | 2,155 | 1,667 | 22.1% |
| Germany | 674 | 893 | 1,047 | 1,252 | 22.9% |
| Serbia | 175 | 289 | 505 | 907 | 73.1% |
| United States | 819 | 813 | 520 | 774 | -1.9% |
| France | 1,021 | 1,023 | 1,123 | 710 | -11.4% |
| Netherlands | 777 | 1,007 | 293 | 591 | -8.7% |
| Austria | 264 | 354 | 430 | 400 | 14.9% |
| Poland | 67.7 | 203 | 235 | 197 | 42.8% |
| Denmark | 49.1 | 108 | 24.0 | 196 | 58.6% |
| Czech Republic | 16.8 | 18.9 | 199 | 161 | 112.4% |
| China | 87.7 | 123 | 193 | 32.2 | -28.4% |
| United Kingdom | 393 | 666 | 155 | 18.3 | -64.0% |
| Others | 311 | 242 | 384 | 814 | 37.8% |
| Total | 5,570 | 7,559 | 7,262 | 7,719 | 11.5% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Hungary in 2022:
- Slovakia (743.1 tons)
- Serbia (576.3 tons)
- United States (224.3 tons)
- Germany (199.1 tons)
- Denmark (119.0 tons)
- Netherlands (106.6 tons)
- Austria (88.1 tons)
- Czech Republic (63.1 tons)
- France (60.8 tons)
- Poland (47.6 tons)
- China (6.8 tons)
- United Kingdom (0.8 tons)
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