Key Market Indicators
Hungarian Animal Feed Sales are projected to reach €2.2 billion by 2028, up from €1.9 billion in 2023. This marks an average annual growth rate of 2.6%. Since 2013, the Hungarian market has seen a yearly increase of 4.9%. In 2023, Hungary ranked 12th in the market, with the Czech Republic slightly ahead, also at €1.9 billion. Leading the rankings were Germany, France, and the Netherlands, in second, third, and fourth places, respectively. Hungarian Animal Feed Exports are expected to hit approximately 419 million kilograms by 2028, rising from 369 million kilograms in 2023. This represents an average annual growth rate of 2%. Since 1997, Hungary's supply has increased by 3.3% annually. In 2023, Hungary was ranked 11th in export volume, with Austria just ahead at 369 million kilograms. Germany, Belgium, and the United States held the second, third, and fourth spots in the rankings, respectively. Hungarian Animal Feed Imports are forecasted to reach nearly 280 million kilograms by 2028, up from around 234 million kilograms in 2023. This translates to an average annual growth rate of 2.8%. Since 1997, Hungary's demand has grown by 3.3% each year.
