Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary - 2023
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary (FOB) - 2023
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary (CIF) - 2023
- Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary (FOB) - 2023
The average export price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $4,548 per ton in August 2023, stabilizing at the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 16% m-o-m. The export price peaked at $4,648 per ton in April 2023; however, from May 2023 to August 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In August 2023, the country with the highest price was the Netherlands ($4,884 per ton), while the average price for exports to Romania ($3,851 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary (CIF) - 2023
The average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $5,716 per ton in August 2023, waning by -16.7% against the previous month. Overall, the import price, however, showed a modest expansion. The growth pace was the most rapid in December 2022 an increase of 24% month-to-month. The import price peaked at $6,862 per ton in July 2023, and then fell significantly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Belgium ($10,509 per ton), while the price for Austria ($4,945 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 Romania (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary
Exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat from Hungary declined significantly to 3.3K tons in 2022, shrinking by -32.3% on the year before. Over the period under review, exports continue to indicate a dramatic setback. The smallest decline of -12.7% was in 2021.
In value terms, exports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat fell markedly to $16M in 2022. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 17% against the previous year.
| Export of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 8.8 | 6.8 | 9.7 | 8.8 | 0.0% |
| Denmark | 4.2 | 3.3 | 2.9 | 3.1 | -9.6% |
| Germany | 0.1 | 0.5 | 1.4 | 1.6 | 152.0% |
| Romania | 1.5 | 2.1 | 1.3 | 0.9 | -15.7% |
| Portugal | N/A | N/A | 1.1 | 0.4 | -63.6% |
| France | N/A | N/A | N/A | 0.3 | 0% |
| Poland | 1.9 | 0.9 | 0.9 | 0.1 | -62.5% |
| Austria | 2.9 | 1.6 | 1.3 | 0.1 | -67.5% |
| Belgium | 1.2 | 0.1 | N/A | N/A | -91.7% |
| Others | 1.8 | 0.7 | 0.3 | 0.4 | -39.4% |
| Total | 22.7 | 16.2 | 18.8 | 15.7 | -11.6% |
Top Export Markets for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Hungary in 2022:
- Netherlands (1896.6 tons)
- Denmark (535.3 tons)
- Germany (378.2 tons)
- Romania (205.4 tons)
- France (83.9 tons)
- Portugal (78.5 tons)
- Austria (31.7 tons)
- Poland (22.5 tons)
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary
In 2022, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat into Hungary declined modestly to 1.2K tons, with a decrease of -2.4% against 2021 figures. Over the period under review, imports continue to indicate a deep setback.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat rose markedly to $6.3M in 2022. Overall, imports saw a perceptible descent.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 2.2 | 2.9 | 2.9 | 2.6 | 5.7% |
| Poland | 1.5 | 1.9 | 1.6 | 1.6 | 2.2% |
| Netherlands | 1.0 | 0.8 | 0.9 | 0.8 | -7.2% |
| Romania | 2.0 | N/A | 0.6 | 0.7 | -29.5% |
| Belgium | N/A | N/A | N/A | 0.3 | 0% |
| Italy | N/A | N/A | N/A | 0.2 | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 6.8 | 5.7 | 5.9 | 6.3 | -2.5% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Hungary in 2022:
- Austria (559.0 tons)
- Poland (306.8 tons)
- Romania (124.1 tons)
- Netherlands (118.6 tons)
- Italy (67.8 tons)
- Belgium (32.3 tons)
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