Key Market Indicators
Sales of animal feed in Hungary are expected to reach €1.8 billion by 2026, up from €1.6 billion in 2021. This averages out to an annual growth rate of 1.9%. Since 2013, the Hungarian market has grown by 0.7% each year. In 2021, Hungary was ranked 12th, with the Czech Republic taking the lead at €1.6 billion. Germany, the Netherlands and France came in second, third and fourth, respectively. Export of animal feed from Hungary is projected to reach 399 million kilograms by 2026, compared to 347 million kilograms in 2021. This equals an average yearly growth rate of 2.2%. Since 1997, Hungarian supply has risen by 3.8% annually. In 2021, Hungary was ranked 12th, with Denmark in the lead at 347 million kilograms. Germany, Belgium and the US stood in second, third and fourth place, respectively. Import of animal feed to Hungary is projected to reach 262 million kilograms by 2026, compared to 214 million kilograms in 2021. This equals an average yearly growth rate of 3.1%. Since 1997, Hungarian demand has increased by 13.9% per year. In 2021, Hungary was placed 21st, with Romania surpassing 214 million kilograms. Germany, Belgium and Ireland came in second, third and fourth, respectively.
