A study by the Agricultural Economics Research Institute reported that Hungarian petfood turnover is expected to expand at a more moderate rate than in other central and eastern European countries as a result of the economy, according to the Budapest Business Journal .
Petfood manufacturers in Hungary earned an export revenue of HUF 44.7 billion (US$244.3 million) in 2008, nearly two-thirds of their total 2008 revenue, according to the study.
High exportation rates are due to the small percentages of pets (20% of dogs and 30% of cats) being fed manufactured petfood in Hungary.
