The poultry meat processing industry in Hungary has seen varying levels of growth from 2014 to 2023. The industry experienced significant growth between 2015 and 2016 with a 61.54% increase, followed by a notable decline in 2017. From 2018 onward, the production stabilized with consistent volumes, with minor fluctuations. In 2023, the industry stood at 23.0 Thousand Metric Tons with a year-on-year variation of 0% and a 5-year CAGR of 1.84%.
Forecasts indicate moderate growth from 2024 to 2028 with a forecasted 5-year CAGR of 1.61%, leading to an expected industry volume of 26.0 Thousand Metric Tons by 2028. The overall projected growth rate over these five years is set to be 8.33%.
Future Trends to Watch For:
- Technological advancements in poultry processing techniques.
- Changes in consumer preferences towards organic and ethically produced poultry.
- Impact of regulatory changes on industry practices and production volumes.
