Are you sure?

Hungary pet food exports come close to HUF 45 billion

Although there is still much potential for growth on the domestic pet food market, pet food turnover is expected to expand at a more moderate rate in Hungary over the coming years than in other central and eastern European countries as a result of the economic crisis, according to a recent study from the Agricultural Economics Research Institute.

Sales of canned pet food has declined slightly in Hungary this year, while dry pet-food turnover has stagnated.

Hungarian pet food manufacturers generated export revenue of HUF 44.7 billion (EUR 166.92m) last year, nearly two-thirds of their total 2008 revenue of HUF 62.4 billion, the study said. Around 20% of pet dogs and almost 30% of pet cats are fed manufactured pet food in Hungary.

Figures from the Hungarian Pet Food Association, the seven members of which account for 97% of domestic output, show that 480,000 tons of pet food was produced in Hungary in 2008, 4% more than in the previous year. Domestic consumption is around 160,000 tons per year. (MTI-ECONEWS)