The Hungarian market for Bacon and Other Cured Cuts experienced fluctuating volumes from 2013 to 2023, peaking at approximately 21.84 million kilograms in 2015. The market saw a decline thereafter, with a notable drop in 2016 and a marginal recovery post-2018. By 2023, the volume stood at 20.465 million kilograms. The year-on-year growth in 2022 and 2023 was stable at about 0.12%, and the compound annual growth rate (CAGR) over the last five years was modest at 0.038%.
Future trends to watch for:
- Increasing consumer preference for healthier and specialty cured meat products.
- Potential impact of rising pork prices on market volumes.
- Environmental and sustainability concerns driving innovation in production methods.
How does Hungary rank in Bacon and Other Cured Cuts Market Size Volume?
| # | 18 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 373,410,000 | 2023 | -3.07% | -2% | View data |
| 2 | 2 Germany | 124,680,000 | 2023 | +0.016% | -0.014% | View data |
| 3 | 3 France | 92,383,000 | 2023 | +1.11% | +0.57% | View data |
| 4 | 4 Ireland | 69,290,000 | 2023 | +3.68% | +2.71% | View data |
| 5 | 5 Romania | 56,100,000 | 2023 | +1.37% | +0.6% | View data |
| 6 | 6 Belgium | 27,110,000 | 2023 | +3.49% | +3.15% | View data |
| 7 | 7 Hungary | 20,465,000 | 2023 | +0.12% | +0.038% | |
| 8 | 8 Austria | 20,388,000 | 2023 | +7.12% | +3.85% | View data |
| 9 | 9 Czech Republic | 18,322,000 | 2023 | +1.09% | +1.35% | View data |
