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Hungary - Smoked Pacific, Atlantic And Danube Salmon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSmoked Salmon Price in Hungary - 2023
Contents:
- Smoked Salmon Price in Hungary (CIF) - 2023
- Smoked Salmon Price in Hungary (FOB) - 2022
- Smoked Salmon Imports in Hungary
- Smoked Salmon Exports in Hungary
Smoked Salmon Price in Hungary (CIF) - 2023
In July 2023, the average smoked salmon import price amounted to $21,812 per ton, growing by 30% against the previous month. Over the period under review, import price indicated measured growth from July 2022 to July 2023: its price increased at an average monthly rate of +4.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, smoked salmon import price decreased by -4.7% against April 2023 indices. The pace of growth was the most pronounced in August 2022 an increase of 42% month-to-month. The import price peaked at $22,878 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Poland ($26,039 per ton), while the price for Denmark ($7,972 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Smoked Salmon Price in Hungary (FOB) - 2022
In 2022, the average smoked salmon export price amounted to $16,560 per ton, reducing by -3.1% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 94% against the previous year. Over the period under review, the average export prices reached the peak figure at $17,082 per ton in 2021, and then dropped slightly in the following year.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Bulgaria ($18,794 per ton) and Slovenia ($18,596 per ton), while the average price for exports to Austria ($15,149 per ton) and Croatia ($16,433 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Smoked Salmon Imports in Hungary
In 2022, approx. 293 tons of smoked pacific, atlantic and danube salmon were imported into Hungary; surging by 5.6% compared with the previous year's figure. The total import volume increased at an average annual rate of +10.9% over the period 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 28%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, smoked salmon imports amounted to $4.9M in 2022. The total import value increased at an average annual rate of +12.1% 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 2021 when imports increased by 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Smoked Salmon in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1,617 | 1,740 | 2,261 | 2,163 | 10.2% |
Lithuania | 757 | 829 | 1,033 | 1,402 | 22.8% |
Poland | 771 | 386 | 542 | 514 | -12.6% |
Czech Republic | 50.0 | 279 | 311 | 380 | 96.6% |
Netherlands | 89.7 | 70.7 | 62.3 | 181 | 26.4% |
Sweden | 44.8 | 24.6 | 133 | 88.7 | 25.6% |
Slovakia | N/A | N/A | N/A | 25.3 | 0% |
Others | 153 | 191 | 140 | 149 | -0.9% |
Total | 3,482 | 3,520 | 4,482 | 4,903 | 12.1% |
Top Suppliers of Smoked Salmon to Hungary in 2022:
- Germany (114.4 tons)
- Lithuania (89.2 tons)
- Poland (30.0 tons)
- Czech Republic (24.7 tons)
- Netherlands (17.2 tons)
- Slovakia (6.2 tons)
- Sweden (5.5 tons)
Smoked Salmon Exports in Hungary
Smoked salmon exports from Hungary skyrocketed to 13 tons in 2022, with an increase of 38% against the previous year. In general, exports continue to indicate strong growth. The growth pace was the most rapid in 2021 when exports increased by 60%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, smoked salmon exports surged to $208K in 2022. Over the period under review, exports enjoyed strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 95%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Smoked Salmon in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Croatia | 96.6 | 45.0 | 74.9 | 73.0 | -8.9% |
Romania | 5.6 | 1.2 | 38.0 | 53.3 | 111.9% |
Austria | 32.8 | 18.1 | 21.5 | 47.2 | 12.9% |
Slovakia | 3.5 | 1.4 | 11.6 | 23.6 | 88.9% |
Bulgaria | N/A | N/A | 5.7 | 6.4 | 12.3% |
Slovenia | 3.0 | 7.0 | 3.8 | 4.6 | 15.3% |
Others | N/A | 7.3 | N/A | N/A | 0% |
Total | 141 | 80.0 | 156 | 208 | 13.8% |
Top Export Markets for Smoked Salmon from Hungary in 2022:
- Croatia (4.4 tons)
- Austria (3.1 tons)
- Romania (3.0 tons)
- Slovakia (1.4 tons)
- Slovenia (0.3 tons)
- Bulgaria (0.3 tons)
This report provides an in-depth analysis of the smoked salmon market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10202420 -
- Prodcom 10202425 - Smoked Pacific, Atlantic and Danube salmon (including fillets, e xcluding heads, tails and maws)
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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