THE COMPLEX ECONOMIC ANALYSIS OF THE POULTRY AND THE PIG SECTORS

Abstract

Meat consumption has always played a prominent role in human nutrition. The pork and poultry industries are the two most important sectors in terms of meat consumption and production in the European Union and Hungary. Pork production has long been well ahead of poultry production but according to the latest research and forecasts it seems that the poultry industry will soon take the lead. The main objective of the paper is a detailed sector-level analysis. Currently the research comprises a small number of analyses of the two sectors. The research reviewed the international and domestic situation of the poultry and pork sectors as well as their development of production and consumption values. The paper focuses on the economic analysis, its theoretical background, role and tasks. It utilises the database provided by the Agricultural Economics Research Institute and uses various types of index numbers and the Du-Pont system for causal relationships among indexes. The database contains various balance sheets and profit and loss accounts for the period 2005-2015. The data for 2015 were available in three categories based on the Standard Production Value. In particular, the paper looks into the development of the asset and capital structure and the analysis of short-term solvency and profitability. The findings show that the development of the two sectors is in tune with international production and consumption trends.

Keywords

• poultry sector
• analysis
• pig sector