Hungary’s feed sector has been steadily rebounding after years of volatility driven by inflation, rising grain prices, and high energy costs linked to regional instability. According to the Budapest‑based Institute of Agricultural Economics, Hungarian feed mills produced 3.8 million tonnes of feed in 2024, marking a 4.1% increase from the previous year.
- This recovery reflects improving economic conditions, including lower raw material costs and decreased borrowing rates, which have encouraged renewed investment across the industry.
Poultry feed dominates production
- Poultry feed stands out as the most significant segment of the national feed market.
- In 2024, it accounted for 48.3% of Hungary’s total feed output, amounting to 1.84 million tonnes.
- This dominance highlights the importance of Hungary’s poultry sector, which continues to grow in both domestic consumption and export markets.
- As feed is the most crucial input cost in poultry production, shifts in feed availability and pricing significantly shape the broader livestock economy.
Segment‑specific trends
Analysts observed varied performance across different poultry feed categories in 2024. Broiler feed increased by 5.1%, while duck feed rose by 10%, showing strong growth across these segments. In contrast, feed for laying hens declined by 3.5%, and turkey and goose feed fell by 10.7% and 16.8%, respectively.
The composition of Hungarian feed—61% grains, 13.9% protein crops, and 8.1% oilseeds—helps explain its sensitivity to agricultural price fluctuations. However, 2024 saw more stable pricing, with quarterly changes limited to just 4%, compared to nearly 10% in 2023.
Trade balance and market structure
- Hungary also strengthened its trade position in 2024, achieving a 23% increase in feed exports, while imports declined, resulting in a favorable trade balance.
- Major export destinations included Romania, Croatia, and Slovakia.
- Industry structure remained stable, with the five largest feed manufacturers producing 1.25 million tonnes, or 32.9% of total output—consistent with previous years.
Broader livestock sector outlook
The poultry sector’s momentum matches the general upward trajectory of Hungary’s livestock industry. In the first half of 2024, poultry slaughtering saw one of the strongest increases in the EU, supported by improving purchase prices and reduced feed costs. Government programs and rural development funding have further bolstered investment, positioning the sector for continued stability and growth.
Sources: Available upon request