News

Hungarians buy fewer baked goods

Published Jun 29, 2023

Tridge summary

Despite expectations that 20-25 percent of Hungarian bakeries would cease to exist or be acquired, the majority managed to stay open despite the challenges posed by the epidemic and rising energy prices. However, due to the coronavirus epidemic, the war, and inflation, bread consumption has decreased in Hungary, leading to a decrease in annual average bread consumption per person from 72 kilograms to 50-52 kilograms. The price of bread has also risen by 52.7 percent in one year, and experts do not anticipate a decrease in bakery product prices in the near future due to other cost factors.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The majority of Hungarian bakeries escaped closure, however, due to the rising price of bread, the population buys less baked goods. Less weight According to the president of the Hungarian Bakers' Association, due to the epidemic and the rise in energy prices, 20-25 percent of the baking industry companies were expected to cease or be acquired, but this did not happen. "The number of bakeries is around 850-900, this does not include the Albanian bakeries and the bakeries at the supermarkets. Although the Hungarian Bakers' Association had previously predicted that due to the epidemic and rising energy prices, 20-25 percent of bakery companies would cease to exist, close or be acquired by the big ones, but this did not happen. József Septe, president of the Hungarian Bakers Association, told Napi.hu. In recent years, bread consumption has decreased in Hungary due to the coronavirus epidemic, the war and inflation. The annual average bread consumption per person decreased from 72 ...
Source: Trademagazin
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