The Fresh Poultry Meat Market in Hungary has demonstrated a fluctuating yet generally upward trend from 2013 to 2023. Starting at 462.57 million euros in 2013, it reached 806.07 million euros in 2023. Over the last decade, the market exhibited significant growth spurts, notably between 2017-2018 and 2021-2023. Despite declines in 2014, 2020, and 2021, the market rebounded strongly, especially with a 14.61% increase in 2022.
Key trends include:
- The period from 2016-2018 saw a remarkable continuous increase with a notable peak in 2017.
- An exceptional recovery in 2022 following dips in 2020 and 2021.
- From 2019-2023, the compound annual growth rate (CAGR) stood at 2.13%.
Future trends to watch for include shifts in consumer dietary preferences toward plant-based alternatives, which might affect demand. Additionally, economic factors such as cost inflation and supply chain challenges could impact future growth. Sustainability practices in poultry production may also play a critical role in shaping the market landscape.
How does Hungary rank in Fresh Poultry Meat Market Size Value?
| # | 21 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 8,806,400,000 | 2023 | +1.92% | +0.68% | View data |
| 2 | 2 France | 6,683,300,000 | 2023 | +1.31% | +1.86% | View data |
| 3 | 3 Germany | 5,588,600,000 | 2023 | +1.39% | +4.87% | View data |
| 4 | 4 Spain | 4,868,500,000 | 2023 | +1.91% | +1.73% | View data |
| 5 | 5 Italy | 4,497,000,000 | 2023 | +1.26% | +3.45% | View data |
| 11 | 11 Austria | 837,180,000 | 2023 | +1.38% | +1.54% | View data |
| 12 | 12 Romania | 818,960,000 | 2023 | +3.65% | +3.89% | View data |
| 13 | 13 Hungary | 806,070,000 | 2023 | +4.14% | +2.13% | |
| 14 | 14 Czech Republic | 792,910,000 | 2023 | +3.24% | +3.24% | View data |
| 15 | 15 Sweden | 491,430,000 | 2023 | +2.69% | +7.08% | View data |
