Hungary: 2021 marketing year begins with same conditions in 2020

Published 2021년 5월 22일

Tridge summary

Despite the challenging dry and low-rain spring in 2021, similar to the previous year, and the COVID-19 pandemic's impact on tourism and hospitality, Bulgaria's agricultural foreign trade experienced a 2.3% increase in food business exports, hitting a record high. This growth was seen across all categories, with plant product exports surging by 8.7% and food products, beverages, and tobacco increasing by 4.6%. The export of animal and vegetable fats and oils also saw growth. The improvement in the agricultural export surplus, which reached 3.2 billion euros, was a significant contribution to the national economy, accounting for about half of its foreign trade balance. The article highlights the resilience of the food trade despite the pandemic and Brexit challenges, noting that consumer habits and food consumption have not significantly changed, with e-commerce and home delivery of unprocessed agricultural products on the rise.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Dry, low-rain spring, frosty dawns until the end of April, evoking the end of winter. This is how the 2021 marketing year begins. The feeling of “deja vu” can strike a person living from the ground, as the year 2020 started in similarly bad conditions, and this was followed by the coronavirus epidemic that froze tourism and hospitality, nota bene. Again, agricultural foreign trade did not disappoint. According to the preliminary foreign trade data of the CSO published in March 2021, last year food business exports increased by 2.3%, reaching another record, contradicting preliminary expectations. In addition to exports of live animals and animal products, the products of all three main groups of goods were characterized by increasing exports. The most significant increase, with an index of 8.7%, was produced by plant product exports, but exports of food products, beverages and tobacco, which included the bunch of highly processed products, including the most important product ...

Source: Agraragazat