From 2013 to 2023, Hungary's dairy products market volume demonstrated an overall declining trend. Peaking in 2018 at 763.91 million kilograms, the market saw sharp subsequent declines, reaching 443.4 million kilograms in 2023. This represents a significant decrease over the period, culminating in a compound annual growth rate (CAGR) of -10.31% over the past five years.
Future trends to watch for:
- Potential market recovery post-2023 as economic conditions stabilize.
- Consumer shifts toward plant-based alternatives impacting demand for traditional dairy products.
- Inflationary pressures influencing production costs and consumer buying power.
- Government policies or incentives that could either hinder or support the market.
How does Hungary rank in Dairy Products Market Size Volume?
| # | 18 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19,403,000,000 | 2023 | -3.06% | +0.27% | View data |
| 2 | 2 Italy | 10,201,000,000 | 2023 | -0.41% | +0.13% | View data |
| 3 | 3 United Kingdom | 9,124,500,000 | 2023 | +0.024% | -1.23% | View data |
| 4 | 4 France | 8,255,900,000 | 2023 | -3.21% | -3.61% | View data |
| 5 | 5 Poland | 4,571,700,000 | 2023 | +0.73% | +0.76% | View data |
| 16 | 16 Bulgaria | 500,700,000 | 2023 | +1.85% | +3.45% | View data |
| 17 | 17 Slovakia | 473,290,000 | 2023 | -0.62% | +0.45% | View data |
| 18 | 18 Hungary | 443,400,000 | 2023 | -14.75% | -10.31% | |
