Hungary: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Hungary

The Hungarian dried or smoked fish market amounted to $X in 2023, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a resilient expansion. Dried or smoked fish consumption peaked in 2023 and is likely to see gradual growth in the near future.

Exports of Dried Or Smoked Fish

Exports from Hungary

In 2023, exports of dried or smoked fish from Hungary declined significantly to X tons, which is down by X% compared with the previous year's figure. Overall, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, dried or smoked fish exports expanded rapidly to $X in 2023. In general, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

Austria (X tons) was the main destination for dried or smoked fish exports from Hungary, with a X% share of total exports. Moreover, dried or smoked fish exports to Austria exceeded the volume sent to the second major destination, Romania (X tons), twofold. The third position in this ranking was taken by Croatia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Austria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Croatia (X% per year).

In value terms, the largest markets for dried or smoked fish exported from Hungary were Austria ($X), Romania ($X) and Croatia ($X), together accounting for X% of total exports. Slovakia, Slovenia and Bulgaria lagged somewhat behind, together accounting for a further X%.

Slovakia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dried or smoked fish export price stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price showed buoyant growth. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2023 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the countries with the highest prices were Bulgaria ($X per ton) and Slovenia ($X per ton), while the average price for exports to Austria ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports into Hungary

In 2023, approx. X tons of dried or smoked fish were imported into Hungary; picking up by X% against the year before. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, dried or smoked fish imports skyrocketed to $X in 2023. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Lithuania (X tons) and Poland (X tons) were the main suppliers of dried or smoked fish imports to Hungary, together accounting for X% of total imports. The Czech Republic, Denmark, the Netherlands, Slovakia and Norway lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dried or smoked fish suppliers to Hungary were Germany ($X), Lithuania ($X) and the Czech Republic ($X), with a combined X% share of total imports.

The Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average dried or smoked fish import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform