Hungary: Domestic and European poultry exports perform poorly

Hungary

Market & Price Trends

Published Jan 21, 2024

Tridge summary

Poultry meat exports increased by 3 percent in Hungary from January to October 2023, with chicken exports rising by 13 percent. However, imports also increased by 7 percent during this time, leading to a trade imbalance. Despite a decrease in poultry meat exports from the European Union, imports to the Union rose by 8 percent, particularly from Brazil and Ukraine.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The ratio of exports and imports has deteriorated both in Hungary and in the European Union. The good news, however, is that slaughterhouse processing has increased somewhat. Based on data from the KSH, Hungary's poultry meat exports increased by 3 percent to almost 180,000 tons between January and October 2023 compared to the same period of the previous year. Within this, the export of chicken increased by 13 percent to 122,000 tons, while that of turkey decreased by 37 percent to 16,000 tons. The largest target markets for poultry meat were Romania (24 thousand tons), Germany (18 thousand tons), Austria (16 thousand tons) and Bulgaria (16 thousand tons). At the same time, imports increased to a greater extent: we bought 7 percent more, so imports increased to 73,000 tons in the first 10 months. The delivery of chicken meat increased by 7 percent to around 54 thousand tons, and that of turkey meat by 21 percent to 3.5 thousand tons. Most poultry meat came from Poland (29 thousand ...

Source: Agraragazat