The meat market in Hungary has experienced a dynamic change from 2013 to 2023, with significant fluctuations in market size value. After a dip in 2014 and 2015, the market saw a robust recovery, especially between 2016 and 2017, with over 20% year-on-year increase. In 2023, the market was valued at 1,522.7 million Euros. The year-on-year growth continued at a steady pace, though slightly moderating, from 3.41% in 2021 to 3.12% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stood at 2.93%, indicating moderate and consistent growth.
Future trends to watch for in Hungary's meat market might include:
- Increasing consumer preference for alternative protein sources.
- Impact of government regulations on meat production and pricing.
- Integration of technology for sustainable meat production.
- Potential shifts in export and import dynamics within the European market.
| # | 23 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 26,271,000,000 | 2023 | +1.62% | +1.76% | View data |
| 2 | 2 France | 20,556,000,000 | 2023 | -0.43% | +0.36% | View data |
| 3 | 3 Italy | 19,843,000,000 | 2023 | +0.48% | +0.26% | View data |
| 4 | 4 United Kingdom | 17,318,000,000 | 2023 | +2.04% | +2.43% | View data |
| 5 | 5 Spain | 13,262,000,000 | 2023 | +1.18% | +2.68% | View data |
| 12 | 12 Austria | 2,298,600,000 | 2023 | +1.46% | +1.59% | View data |
| 13 | 13 Greece | 2,065,800,000 | 2023 | +4.56% | +2.02% | View data |
| 14 | 14 Hungary | 1,522,700,000 | 2023 | +3.12% | +2.93% | |
| 15 | 15 Finland | 1,341,900,000 | 2023 | +1.33% | -0.02% | View data |
| 16 | 16 Bulgaria | 1,184,100,000 | 2023 | +2.17% | +4.95% | View data |
