Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Hungary - 2023
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Hungary (CIF) - 2023
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Hungary (FOB) - 2022
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Hungary
- Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Hungary
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Hungary (CIF) - 2023
In August 2023, the average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $5,475 per ton, increasing by 27% against the previous month. In general, import price indicated a noticeable increase from August 2022 to August 2023: its price increased at an average monthly rate of +2.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s increased by +26.9% against July 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 46% m-o-m. The import price peaked in August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Slovakia ($6,947 per ton), while the price for Poland ($4,411 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Hungary (FOB) - 2022
In 2022, the average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $4,386 per ton, rising by 16% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s increased by +79.0% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 54%. The export price peaked at $5,282 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($4,645 per ton), while the average price for exports to Slovakia ($3,260 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 (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Hungary
In 2022, the amount of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s imported into Hungary fell to 605 tons, waning by -14.9% compared with 2021 figures. In general, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 8.1%.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s dropped to $2.1M in 2022. Overall, imports recorded a noticeable contraction. The growth pace was the most rapid in 2021 with an increase of 13%.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 369 | 455 | 375 | 512 | 11.5% |
| China | 640 | 839 | 359 | 410 | -13.8% |
| Spain | 833 | 181 | 480 | 401 | -21.6% |
| Slovakia | 124 | 188 | 441 | 319 | 37.0% |
| Hong Kong SAR | N/A | 120 | 336 | 214 | 33.5% |
| Slovenia | 255 | 77.7 | 2.5 | 182 | -10.6% |
| Denmark | N/A | N/A | N/A | 46.8 | 0% |
| Others | 167 | 90.8 | 207 | 42.6 | -36.6% |
| Total | 2,388 | 1,951 | 2,200 | 2,128 | -3.8% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Hungary in 2022:
- Spain (157.4 tons)
- Croatia (115.4 tons)
- China (103.6 tons)
- Slovakia (75.1 tons)
- Hong Kong SAR (66.3 tons)
- Slovenia (51.0 tons)
- Denmark (27.0 tons)
Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Hungary
In 2022, approx. 11 tons of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s were exported from Hungary; which is down by -40.6% on the previous year. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 76%. As a result, the exports attained the peak of 19 tons, and then shrank rapidly in the following year.
In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s declined sharply to $49K in 2022. Over the period under review, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 171% against the previous year. As a result, the exports reached the peak of $70K, and then plummeted in the following year.
| Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | N/A | N/A | 41.0 | 35.3 | -13.9% |
| Austria | 14.3 | 8.2 | 8.4 | 7.3 | -20.1% |
| Slovakia | 15.4 | 14.0 | 9.7 | 6.1 | -26.6% |
| Slovenia | 6.8 | 0.6 | N/A | N/A | -91.2% |
| Romania | N/A | 2.7 | 11.4 | N/A | 322.2% |
| Others | N/A | 0.6 | N/A | N/A | 0% |
| Total | 36.6 | 26.0 | 70.5 | 48.7 | 10.0% |
Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from Hungary in 2022:
- Croatia (7.6 tons)
- Slovakia (1.9 tons)
- Austria (1.6 tons)
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