Value of output of agriculture grows by 6.5%
The total value of output of agriculture exceeded 4.3 thousand billion forints in 2023, which was 6.5% more than a year earlier. The expansion was owing to a 25% rise in the total volume of production. The price level of the total output of the sector decreased by 15%. The volume of crop production was 44% larger and that of livestock production 0.5% smaller. The record high increase in the volume of certain arable crops was due to the low base in the previous year.
In 2023 compared to previous year:
The volume of output of crop production increased by 44% according to the first, preliminary data. The quantity of cereals grew by 64% in total, within which the quantity of maize by 121%, that of rye by 63%, the quantiy of oats by 62%, that of barley by 42% and the quantity of wheat by 36%. The production of rape became 16% and that of sunflower 56% larger. The production of protein crops, sugar beet and tobacco went up as well, so the quantity of industrial crops increased by 44% in total. The volume of forage plants increased by 24%, that of horticultural products by 14% and the volume of potatoes by 9.6%. The volume of fruits lessened by 0.3%, within which the production of apple grew by 39% and that of apricot, peach and nectarine decreased by 40%. The volume of other crop products and grapes remained unchanged. The total volume of output of livestock production lessened by 0.5%. The production of live animals went up by 0.6% and that of animal products decreased by 2.7%.
The value of the output of the agricultural sector (including services and secondary activities) expanded by 6.5% at current basic prices, and its volume of production – along with a 15% decrease in prices –by 25%.
The volume of intermediate consumption diminished by 1.5% and its prices rose by a total 1.7%. Out of inputs, the volume of fertilisers was cut by 10%, that of plant protection products by 8.0% and the volume of animal feeding stuffs by 1.0%, and the rest of the inputs slightly grew or remained unchanged according to the first estimates.
Gross value added was up by 19% and its volume by 79%. Labour input in agriculture was reduced by 4.1%. Factor income grew by 16% and entrepreneurial income by 13%.
Real factor income per work unit (indicator ‘A’) became 5.5% higher compared to the previous year.