Store → Beverages → Distilling, rectifying and blending of spirits → Spirits, Liqueurs And Other Spirituous Beverages

Report Hungary - Spirits, Liqueurs and Other Spirituous Beverages - Market Analysis, Forecast, Size, Trends and Insights for 499$

Latest Report Update: Oct 4, 2022

Hungary - Spirits, Liqueurs and Other Spirituous Beverages - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Single report

Sent by email within 24h (Mon-Fri)

$499 Basic Edition $1995 Professional Edition

What's the difference?

Hungary: Spirits And Liqueurs Market 2022

Spirits And Liqueurs Market Size in Hungary

The Hungarian spirits and liqueurs market skyrocketed to $X in 2021, increasing by X% against the previous year. Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2018 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Spirits And Liqueurs Production in Hungary

In value terms, spirits and liqueurs production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Spirits And Liqueurs Exports

Exports from Hungary

In 2021, shipments abroad of spirits, liqueurs and other spirituous beverages increased by X% to X litres, rising for the second year in a row after two years of decline. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, spirits and liqueurs exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovakia (X litres) was the main destination for spirits and liqueurs exports from Hungary, with a X% share of total exports. Moreover, spirits and liqueurs exports to Slovakia exceeded the volume sent to the second major destination, Italy (X litres), fourfold. Germany (X litres) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Slovakia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Germany (+X% per year).

In value terms, the largest markets for spirits and liqueurs exported from Hungary were Slovakia ($X), Italy ($X) and Germany ($X), together comprising X% of total exports.

In terms of the main countries of destination, Slovakia, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spirits and liqueurs export price stood at $X per litre in 2021, declining by -X% against the previous year. Over the period under review, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per litre in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Romania ($X per litre), while the average price for exports to Latvia ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (-X%), while the prices for the other major destinations experienced a decline.

Spirits And Liqueurs Imports

Imports into Hungary

In 2021, imports of spirits, liqueurs and other spirituous beverages into Hungary surged to X litres, picking up by X% compared with the previous year. Overall, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spirits and liqueurs imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X litres), Germany (X litres) and Austria (X litres) were the main suppliers of spirits and liqueurs imports to Hungary, together comprising X% of total imports. The UK, Belgium, Slovakia, Italy, the Netherlands, the United States, Ireland, Romania, Spain and Greece lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of spirits and liqueurs to Hungary, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with an X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2021, the average spirits and liqueurs import price amounted to $X per litre, falling by -X% against the previous year. Overall, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price reached the peak level of $X per litre. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was the Netherlands ($X per litre), while the price for Poland ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2021	2007-2021	2022-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for spirits, liqueurs and other spirituous beverages in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, together comprising 50% of global consumption. Russia, Japan, Mexico, Canada, the UK, Ukraine, Iran, South Korea and Ethiopia lagged somewhat behind, together accounting for a further 22%.

What are the largest producers of spirits, liqueurs and other spirituous beverages in the world?

China remains the largest spirits and liqueurs producing country worldwide, accounting for 25% of total volume. Moreover, spirits and liqueurs production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 10% share.

What are the leading suppliers of spirits, liqueurs and other spirituous beverages to Hungary?

In value terms, Germany constituted the largest supplier of spirits and liqueurs to Hungary, comprising 23% of total imports. The second position in the ranking was taken by the UK, with an 11% share of total imports. It was followed by the Netherlands, with a 10% share.

What are the leading importers of spirits, liqueurs and other spirituous beverages from Hungary?

In value terms, the largest markets for spirits and liqueurs exported from Hungary were Slovakia, Italy and Germany, with a combined 79% share of total exports.

What is the average export price for spirits, liqueurs and other spirituous beverages in Hungary?

The average spirits and liqueurs export price stood at $3.2 per litre in 2021, waning by -15.1% against the previous year.

What is the average import price for spirits, liqueurs and other spirituous beverages in Hungary?

The average spirits and liqueurs import price stood at $2.7 per litre in 2021, falling by -20.2% against the previous year.

This report provides an in-depth analysis of the spirits and liqueurs market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

• Prodcom 11011020 - Spirits obtained from distilled grape wine or grape marc (important: excluding alcohol duty)

• Prodcom 11011030 - Whisky (important: excluding alcohol duty)

• Prodcom 11011040 - Rum and other spirits obtained by distilling fermented sugarcane products (important: excluding alcohol duty)

• Prodcom 11011050 - Gin and geneva (important: excluding alcohol duty)

• Prodcom 11011063 - Vodka of an alcoholic strength by volume of . .45,4 % (important: excluding alcohol duty)

• Prodcom 11011065 - Spirits distilled from fruit (excluding liqueurs, gin, geneva, g rape wine or grape marc (important: excluding alcohol duty))

• Prodcom 11011070 - Pure alcohols (important: excluding alcohol duty)

• Prodcom 11011080 - Spirits, liqueurs and other spirituous beverages (excluding spirits distilled from grape wine, grape marc or fruit/whisky, r um, tafia, gin and geneva, spirits distilled from fruit)

Country coverage:

• Hungary

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Hungary

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance