The potato market in Hungary has demonstrated consistent growth from 2013 to 2023, with the market size in 2023 standing at 83.417 million kilograms. This reflects a significant uptrend over the past decade. Notably, between 2018 and 2023, the compound annual growth rate (CAGR) averaged 4.24%, illustrating a steady expansion, albeit with slight fluctuations in annual growth rates. The most substantial growth occurred in 2018 with a year-on-year increase of 17.62%, followed by moderate growth continuing through to 2023.
Looking ahead, several key trends could influence the market:
- Technological advancements in agricultural practices and logistics could enhance production efficiency and market reach.
- Shifts in consumer preferences toward healthier eating and local produce might impact demand.
- Regulatory changes and environmental factors should be monitored as potential disruptors.
How does Hungary rank in Potatoes Market Size Volume?
| # | 16 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,088,000,000 | 2023 | +0.24% | +0.44% | View data |
| 2 | 2 Italy | 788,950,000 | 2023 | +1.84% | +3.39% | View data |
| 3 | 3 France | 514,810,000 | 2023 | -0.71% | -1.06% | View data |
| 4 | 4 Spain | 372,450,000 | 2023 | -0.0036% | -1.01% | View data |
| 5 | 5 Poland | 271,730,000 | 2023 | +3.97% | +2.36% | View data |
| 8 | 8 Finland | 110,820,000 | 2023 | +2.33% | +1.61% | View data |
| 9 | 9 Greece | 101,120,000 | 2023 | +1.49% | +2.1% | View data |
| 10 | 10 Hungary | 83,417,000 | 2023 | +3.92% | +4.24% | |
| 11 | 11 Denmark | 61,272,000 | 2023 | -1.27% | -1.76% | View data |
| 12 | 12 Croatia | 36,476,000 | 2023 | +2.85% | +3.45% | View data |
