Key Market Indicators
Hungarian Meat Sales are projected to hit €4 billion by 2028, up from €3.7 billion in 2023, marking a compound annual growth rate (CAGR) of 1.3%. The Hungarian market has seen a modest increase of 0.4% year on year since 2013. In 2023, Hungary ranked 14th globally in meat sales, with Sweden surpassing it at €3.7 billion. France, Spain, and Italy occupied the 2nd, 3rd, and 4th positions, respectively. Meanwhile, Hungarian meat consumption is expected to reach 892,000 metric tons by 2028, up from 850,000 metric tons in 2023, growing at an average annual rate of 0.8%. Since 2019, there has been a consistent annual increase of 0.8% in meat demand. On the production side, Hungarian meat output is forecasted to reach 1,086,500 metric tons by 2028, rising from 1,055,800 metric tons in 2023, with an average annual growth rate of 0.5%. Hungarian meat supply has been steadily increasing at the same rate since 1966.
