Hungary: The domestic turkey sector is looking for a new state of equilibrium

Published Nov 13, 2023

Tridge summary

The Hungarian Turkey Association is addressing the challenges faced by the turkey sector, including rising input costs, declining consumption, and reduced slaughterhouse capacities. The share of turkey production in the poultry sector has decreased to 12.68% in 2022, compared to 27.11% in 2002. The association is committed to finding breakthroughs in the sector to make turkey and its quality products popular again, recognizing the impact of economic events and the need for innovation and marketing to increase consumption.

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

Original content

The Hungarian Turkey Association is preparing for the Christmas period and is confident that the safety and quality of Hungarian origin will continue to be of value to consumers. The turkey sector (also) faced and is facing many challenges, such as the significant increase in the price of input materials, decreasing consumption, or the reduction of slaughterhouse capacities, concentration. Annual summary from the Hungarian Turkey Association. Within the poultry sector, the turkey's share of slaughter animal production was 12.68% in 2022. The Hungarian poultry sector is the livestock sector with the highest production value. With the annual production of about 700,000 tons of slaughter poultry and the production of about 1.2 billion table eggs, it produces a value of about HUF 500-550 billion at the level of raw material production. Within the poultry sector, the turkey's share of slaughter animal production in 2022 was 12.68%, which is approximately half of the value in 2002 ...

Source: Trademagazin