2023 was a terrible year for the Hungarian meat industry
The year 2023 was full of challenges for the Hungarian meat industry, in which many factors played a role. The year was often compared to the biblical ten plagues, which shook the sector in both domestic and export markets.
Tamás Éder, social president of the Hungarian Meat Industry Association, mentioned in his annual evaluation that this was the most difficult year for the sector in the last 15 years. A 15.7% drop was registered in the field of meat processing and preservation, while a 14.4% drop was recorded in the production of meat products, which raised serious problems.
“The great lesson of the past decades is that meat is not the same as sweets or drinks. If someone likes it better, they can go for Swiss chocolate and French cognac, if it’s more bitter, they’ll settle for Hungarian. In the case of meat, however, when people in Hungary live worse, then price-centric shopping dominates even more, and in such cases standard, medium-quality imported products always gain ground. Imported products are because they are slightly cheaper. When a Hungarian consumer buys raw meat for the weekend stir-fry, or “basic quality” hot dogs, Paris buys, then the foreign product is cheaper due to the efficiency of scale. This may not even be understandable at first.”
– said Éder.
Related news
The GVH investigation launched against Aldi raises several questions
The Economic Competition Authority (GVH) launched an investigation against Aldi,…
Read more >Tamás Éder: significant losses have been accumulated by domestic meat industry companies
The Hungarian meat industry has been struggling with significant challenges…
Read more >Beef exports decreased by nearly 20 percent
US beef and veal exports in the first five months…
Read more >Related news
Valeo Foods Completes Acquisition Of Appalaches Nature
Valeo Foods Group has completed the acquisition of Appalaches Nature,…
Read more >Carrefour grows in France and Brazil, lags behind in rest of Europe
Carrefour says it is rather pleased with its financial results…
Read more >Food and beverage innovation plunges nearly 50% since 2007: Mintel
The market research firm said about a quarter of items…
Read more >