Price for Meat of Bovine Animals; Frozen in Hungary - 2023
Contents:
- Price for Meat of Bovine Animals; Frozen in Hungary (CIF) - 2023
- Price for Meat of Bovine Animals; Frozen in Hungary (FOB) - 2022
- Imports of Meat of Bovine Animals; Frozen in Hungary
- Exports of Meat of Bovine Animals; Frozen in Hungary
Price for Meat of Bovine Animals; Frozen in Hungary (CIF) - 2023
The average import price for meat of bovine animals; frozen stood at $6,627 per ton in June 2023, flattening at the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 11% m-o-m. Over the period under review, average import prices reached the maximum at $7,700 per ton in March 2023; however, from April 2023 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($7,566 per ton), while the price for Belgium ($2,501 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Bovine Animals; Frozen in Hungary (FOB) - 2022
The average export price for meat of bovine animals; frozen stood at $4,885 per ton in 2022, rising by 4.8% against the previous year. Overall, the export price saw a mild expansion. The most prominent rate of growth was recorded in 2016 an increase of 213%. The export price peaked at $21,647 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($10,955 per ton), while the average price for exports to Moldova ($1,618 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Meat of Bovine Animals; Frozen in Hungary
After three years of growth, purchases abroad of meat of bovine animals; frozen decreased by -2.9% to 7.4K tons in 2022. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 136%.
In value terms, meat of bovine animals; frozen imports surged to $52M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.6% 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 +76.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Meat of Bovine Animals; Frozen in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2.1 | 2.9 | 18.6 | 32.5 | 149.2% |
| Netherlands | 7.0 | 3.7 | 5.0 | 6.8 | -1.0% |
| Austria | 21.9 | 20.1 | 9.5 | 4.2 | -42.3% |
| Germany | 1.4 | 1.3 | 0.9 | 2.5 | 21.3% |
| Denmark | N/A | 0.2 | 1.2 | 2.4 | 246.4% |
| Belgium | 0.6 | 0.5 | 1.2 | 1.9 | 46.8% |
| Slovakia | 0.3 | 0.1 | 0.3 | 0.5 | 18.6% |
| Others | 3.2 | 0.8 | 0.7 | 1.3 | -25.9% |
| Total | 36.5 | 29.6 | 37.4 | 52.1 | 12.6% |
Top Suppliers of Meat of Bovine Animals; Frozen to Hungary in 2022:
- Poland (4592.8 tons)
- Netherlands (826.0 tons)
- Austria (615.2 tons)
- Denmark (458.3 tons)
- Germany (324.8 tons)
- Slovakia (198.7 tons)
- Belgium (173.0 tons)
Exports of Meat of Bovine Animals; Frozen in Hungary
In 2022, overseas shipments of meat of bovine animals; frozen decreased by -5.9% to 3.2K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 146%.
In value terms, meat of bovine animals; frozen exports contracted slightly to $15M in 2022. The total export value increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 23% against the previous year.
| Export of Meat of Bovine Animals; Frozen in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.4 | 5.9 | 5.9 | 9.0 | 26.9% |
| Romania | 2.0 | 3.5 | 3.7 | 2.3 | 4.8% |
| Bulgaria | 0.1 | N/A | 0.7 | 0.8 | 100.0% |
| Kosovo | N/A | 0.8 | 1.4 | 0.7 | -6.5% |
| Poland | N/A | N/A | 0.6 | 0.6 | 0.0% |
| Austria | 2.1 | 1.9 | 0.5 | 0.6 | -34.1% |
| Slovakia | 0.8 | 0.5 | 0.4 | 0.6 | -9.1% |
| Moldova | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Netherlands | 0.3 | 1.6 | 1.4 | N/A | 116.0% |
| Others | 2.7 | 1.2 | 1.0 | 0.7 | -36.2% |
| Total | 12.6 | 15.4 | 15.6 | 15.4 | 6.9% |
Top Export Markets for Meat of Bovine Animals; Frozen from Hungary in 2022:
- China (2075.0 tons)
- Romania (396.1 tons)
- Bulgaria (184.5 tons)
- Poland (90.8 tons)
- Kosovo (80.6 tons)
- Moldova (69.8 tons)
- Slovakia (58.9 tons)
- Austria (58.5 tons)
- Netherlands (0.1 tons)
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