The Hungarian frozen potatoes market demonstrated robust growth, increasing from 35.322 million euros in 2013 to 78.429 million euros in 2023. The annual growth trend displays variable increments, with significant spikes in 2016 and 2018. Over the past two years, growth moderated with year-on-year rates of 3.85% in 2022 and 4.24% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was 4.46%, indicating steady expansion.
Future trends to watch for include:
- Increased demand driven by changing consumer preferences towards convenience foods.
- Potential market maturity leading to slower growth rates unless innovation occurs.
- Emerging distribution channels boosting market reach and efficiency.
How does Hungary rank in Frozen Potatoes Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 717,550,000 | 2023 | +0.78% | +1.62% | View data |
| 2 | 2 Netherlands | 584,490,000 | 2023 | +3.49% | +1.95% | View data |
| 3 | 3 Spain | 268,180,000 | 2023 | +0.83% | -1.79% | View data |
| 4 | 4 Poland | 161,230,000 | 2023 | +3.32% | +3.83% | View data |
| 5 | 5 Sweden | 112,130,000 | 2023 | +2.3% | +2.51% | View data |
| 7 | 7 Portugal | 91,807,000 | 2023 | +2.52% | +1.93% | View data |
| 8 | 8 Finland | 83,014,000 | 2023 | +2.08% | +2.42% | View data |
| 9 | 9 Hungary | 78,429,000 | 2023 | +4.24% | +4.46% | |
| 10 | 10 Denmark | 59,442,000 | 2023 | -1.54% | -1.72% | View data |
| 11 | 11 Czech Republic | 49,818,000 | 2023 | -1.19% | -1.19% | View data |
