The nursery plants production in Hungary experienced several fluctuations over the past decade. Actual data for 2023 show a production value of 48.03 million Euros. The year-on-year variations highlight distinct changes, such as the 22.84% increase in 2014 and the notable 11.58% in 2022. Nevertheless, 2023 saw a decrease of 2.99%. The 5-year CAGR stood at 2.15%, indicating moderate annual growth. From a long-term perspective, the market showed resilience despite some variability.
Future trends to watch for:
- The forecast for the next five years suggests a minimal annual growth rate with a 5-year CAGR of 0.01%.
- Stabilization around 48.07 million Euros by 2028.
- Potential shifts due to economic, climatic, and policy changes which could impact nursery plant production dynamics.