AKI: the total value of investments in the food industry increased by 9 percent last year
Based on preliminary data, the total value of investments in the food industry increased by 9 percent compared to last year in 2021 – reads the report published by the Agricultural Economics Institute (AKI) on Friday.
Investors spent 57 percent of the amount on machinery and equipment, 37 percent on buildings and constructions, and 2 percent on vehicles, the ratios did not change significantly compared to 2021.
Calculated by value, expenditures on buildings and other constructions increased the most, by 18 percent, while vehicle investments increased by 14 percent, and the amount of development of machinery and equipment increased by 6 percent.
Last year, the biggest investors in Hungary were confectionery production, soft drink and mineral water production, and poultry meat processing. Together, the three branches spent 40 percent of the total investment amount, a total of almost HUF 139 billion, for such purposes.
Related news
Wheat and corn prices are rising: latest market data from AKI
In Hungary, in the second week of August, table wheat…
Read more >Chicken is getting more expensive, eggs are getting more expensive – this is what awaits Hungarian consumers now
A significant price increase has taken place on the domestic…
Read more >Prices are soaring on the poultry market: chicken, turkey and eggs have also become more expensive
In recent months, a significant price increase has taken place…
Read more >Related news
Danone lines up yogurt facility expansion amid “explosive growth” in US
The Activia brand owner has made a “multi-million dollar investment”…
Read more >Denmark plans to scrap taxes on coffee, confectionery
The complete removal of taxes on coffee and confectionery is…
Read more >Katalin Neubauer: margin stop and mall stop do not serve the interests of retail
The government has extended the margin cap and tightened the…
Read more >