Hungary: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Hungary

The Hungarian market for prepared or preserved crab meat surged to $X in 2022, picking up 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). Overall, consumption, however, showed a pronounced decline. Prepared or preserved crab meat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports from Hungary

In 2022, the amount of prepared or preserved crab meat exported from Hungary skyrocketed to X kg, increasing by X% against the previous year. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, prepared or preserved crab meat exports skyrocketed to $X in 2022. In general, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Croatia (X kg) was the main destination for prepared or preserved crab meat exports from Hungary, with a X% share of total exports. Moreover, prepared or preserved crab meat exports to Croatia exceeded the volume sent to the second major destination, Austria (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Croatia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Romania (X% per year).

In value terms, Croatia ($X) remains the key foreign market for prepared or preserved crab meat exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Austria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Croatia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Romania (X% per year).

Export Prices by Country

The average export price for prepared or preserved crab meat stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Croatia ($X 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 Croatia (X%), while the prices for the other major destinations experienced a decline.

Imports of Prepared Or Preserved Crab Meat

Imports into Hungary

In 2022, imports of prepared or preserved crab meat into Hungary soared to X tons, picking up by X% against 2021. In general, imports, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, prepared or preserved crab meat imports soared to $X in 2022. Over the period under review, imports, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of prepared or preserved crab meat to Hungary, with a X% share of total imports. Moreover, prepared or preserved crab meat imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Slovakia (X kg), ninefold. Germany (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of prepared or preserved crab meat to Hungary, comprising X% of total imports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X.0% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average import price for prepared or preserved crab meat amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price continues to indicate a modest increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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