High Demand for Hungarian Medicinal Herbs

  • 1 Jun 2023 2:57 PM
  • Budapest Business Journal
High Demand for Hungarian Medicinal Herbs
The demand for Hungarian medicinal herbs is high, meaning the sector has significant development potential, and Hungary could be self-sufficient in medicinal herbs, the National Chamber of Agriculture (NAK) and the Medicinal Plant Association and Product Council (Gyszt) said in a statement this week.

According to profitline.hu, the production value of the collection and cultivation of medicinal plants and primary processing is around HUF 15 billion-17 bln per year.

Meanwhile, the net sales revenue of primary processing comes to HUF 20 bln-29 bln. 

The total market turnover of products containing herbs, aromas, and spices is HUF 60 bln-70 bln, and the estimated net output of the entire sector is HUF 100 bln-120 bln, NAK and Gyszt said in their joint statement.

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.