Unfit-for-human-consumption meat or fish flours and greaves market in Hungary

Earlier Report Observations

The market for unfit-for-human-consumption meat or fish flours and greaves in Hungary experienced considerable volatility between 2018 and 2024. Volume surged by over 34 000 t to 123 699 t in 2019, marking the peak of the period. This was followed by a slight contraction in 2020 and a sharp decline of nearly 30% in 2021, bringing the market size down to 84 040 t.

The downward trend continued through 2022 and 2023, with volume falling to 50 416 t, representing a cumulative drop of almost 60% from the 2019 high. The market showed a tentative recovery in 2024, increasing by 17% to 59 010 t, though it remained well below the levels seen at the start of the period.

Production unfit-for-human-consumption meat or fish flours and greaves in Hungary

In value, 2018-2021, K $ US

Hungary's production of unfit-for-human-consumption meat or fish flours and greaves has increased for the second consecutive year. In 2021, output was valued at 22 198 thousand US dollars, marking a sharp rise of 26.9% compared to the previous year. Over the period from 2018 to 2021, production grew by 30.1%, which translates to an annualized rate of 9.2%. The lowest value was recorded in 2019 at 17 056 thousand US dollars, with the largest decline also occurring that year at 0.0%.

Annual dynamics of production in Hungary in value, 2018-2021, K $ US

In kind, 2018-2021, t

Following a two-year rise, Hungary's production of unfit-for-human-consumption meat or fish flours and greaves declined. In 2021, 41 999 tonnes were produced, showing a decrease of 16.8% compared to the prior year. From 2018 to 2021, overall production increased by 7.5%, with a compound annual growth rate of 2.4%. The peak was reached in 2020 at 50 508 tonnes, while the largest increase occurred in 2019 at 25.5%.

Annual dynamics of production in Hungary in kind, 2018-2021, t

Exports unfit-for-human-consumption meat or fish flours and greaves from Hungary

Exports in kind, t

In 2021, Hungary's exports of unfit-for-human-consumption meat or fish flours and greaves amounted to 54 295 tonnes, showing minimal change compared to 2020. Between 2018 and 2021, exports surged by 119%, equating to an annualized growth rate of 29.9%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, t

The structure of Hungary's exports in kind from 2018 to 2021 was diversified. Germany accounted for 18.4% of exports, Slovakia for 16.5%, and Greece for 9.4%, with these three countries together making up just 44.3% of total flows. No single country held a clearly dominant position.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Hungary in kind, 2018-2021

Exports in value, K $ US

In 2021, Hungary exported 40 496 thousand US dollars worth of unfit-for-human-consumption meat or fish flours and greaves, with no significant change compared to the previous year. Over the period from 2018 to 2021, exports increased by 193.7%, corresponding to a compound annual growth rate of 43.2%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

From 2018 to 2021, Hungary's buyer portfolio for unfit-for-human-consumption meat or fish flours and greaves was broad. Germany contributed 20.9% of exports in value terms, Slovakia 12.4%, and Greece 10.7%, with these three countries together accounting for only 43.9% of total exports. Many other countries held smaller but non-negligible shares.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Hungary in value, 2018-2021

Imports unfit-for-human-consumption meat or fish flours and greaves to Hungary

Imports in kind, t

In 2021, Hungary's imports of unfit-for-human-consumption meat or fish flours and greaves reached 96 336 tonnes, indicating a steep rise of 39.7% compared to the previous year. Over the period from 2018 to 2021, imports grew by 29.2%, with a compound annual growth rate of 8.9%. The lowest value was recorded in 2020 at 68 969 tonnes, with the largest decline also occurring that year at 7.6%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, t

From 2018 to 2021, the leading sources for Hungary's imports in kind of unfit-for-human-consumption meat or fish flours and greaves were Austria, accounting for 25.6% of imports, Slovakia at 19.8%, and Slovenia at 12.9%. Together, these three countries represented 58.3% of total flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Hungary in kind, 2018-2021

Imports in value, K $ US

Hungary's imports of unfit-for-human-consumption meat or fish flours and greaves have increased for the second consecutive year. In 2021, imports reached 59 184 thousand US dollars, indicating a dramatic advance of 69.9% over the past year. Between 2018 and 2021, imports rose by 59.4%, equating to an annualized rate of 16.8%. The minimum value was recorded in 2019 at 33 751 thousand US dollars, with the largest decline also occurring that year at 9.1%.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

In the period from 2018 to 2021, Hungary's partner portfolio for imports in value terms of unfit-for-human-consumption meat or fish flours and greaves was quite broad. Slovakia accounted for 19.2% of imports, Austria for 14.8%, and Slovenia for 13.7%, with these three countries together representing only 47.7% of total flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Hungary in value, 2018-2021