The bread market in Hungary has experienced a decline over the past decade, with the market volume decreasing from 348.86 million kilograms in 2013 to 314.24 million kilograms in 2023. In 2023, the year-on-year decrease was 0.36%, and the Compound Annual Growth Rate (CAGR) over the last five years was -0.9%, indicating a persistent downward trend. Recent years show a consistent, albeit slight, year-on-year decline, reflecting stabilizing but decreasing demand in the Hungarian market.
Future trends to watch include shifting consumer preferences toward healthier options, which may impact traditional bread consumption. Additionally, economic factors and demographic changes could influence demand dynamics in the coming years.
How does Hungary rank in Bread Market Size Volume?
| # | 23 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,639,200,000 | 2023 | -0.6% | -0.44% | View data |
| 2 | 2 United Kingdom | 2,629,200,000 | 2023 | -0.35% | -0.49% | View data |
| 3 | 3 Spain | 2,022,900,000 | 2023 | +1.64% | +1.48% | View data |
| 4 | 4 France | 1,165,300,000 | 2023 | +0.36% | -0.45% | View data |
| 5 | 5 Poland | 1,123,000,000 | 2023 | -5.58% | -5.07% | View data |
| 11 | 11 Belgium | 372,820,000 | 2023 | -1.8% | +2.83% | View data |
| 12 | 12 Ireland | 362,270,000 | 2023 | +2.79% | -1.28% | View data |
| 13 | 13 Hungary | 314,240,000 | 2023 | -0.36% | -0.9% | |
| 14 | 14 Bulgaria | 286,230,000 | 2023 | -1.31% | -1.7% | View data |
| 15 | 15 Greece | 237,900,000 | 2023 | +5.61% | +3.93% | View data |
