Secure shopping
Agribusiness
Agriculture is one of the fundamental economic sectors, with an essential role in securing raw materials and basic food for sustaining human life and the operations of manufacturing industries. Apart from being at the base of the global food chain, the sector is of vital importance for economic and social development in a large number of developing countries. Against a background of rapidly growing world population, rising incomes in emerging markets and changing consumption patterns, agriculture’s main tasks are to increase productivity and to ensure steady food supply in a sustainable way that takes into account social, economic and environmental considerations.
Agriculture involves the cultivation of the soil and the harvesting of a variety of crops, fruits, nuts, vegetables and flowers. It also includes the growing and harvesting of forest products, the hunting of animals, livestock breeding, production of livestock products such as milk and eggs, fishing and aquaculture, and related support activities.
Over the past years, CEE agriculture has been showing a broadly declining share of GDP, ranging from around 1.6% in Slovakia and 1.9% in Czechia to higher levels in Poland, Hungary and Croatia, with Romania at the top at 2.81% in 2024. Nominal ...
View more details
The EU-27 is home to around 10 million farms and some 17 million people working regularly in the agriculture sector. The industry accounts for a small percentage of the Member States' national GDPs, but is subject to the 27-nation bloc's only, oldest ...
View more details
Poland is a significant producer of wheat, sugar beet, apples, potatoes, poultry meat and beef within the European Union (EU). The country achieved a new record high in terms of poultry meat production (of 2.7mn tonnes) in 2022, following a rise of 7 ...
View more details
Hungarian agricultural output amounted to HUF 2,594.7bn in 2017, up by 0.3% y/y. In volume terms the output shrank by 4.1% y/y, as unfavourable weather conditions affected crop production, which made up 58% of the sector’s overall output value ...
View more details
Hungarian agriculture accounted for 2.1% of the EU’s agricultural output in 2016, up by 0.2 pp y/y. The agricultural sector accounted for 3.8% of the country’s total GDP and for 4.4% of the total gross value added (GVA). GVA ...
View more details
The Hungarian agricultural sector is relatively small, accounting in 2015 for only 1.9% of the agricultural output of the European Union. The country was the sixth largest producer of industrial crops in the EU that year. The sector contributed ...
View more details