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Hungary - Vodka - Market Analysis, Forecast, Size, Trends And Insights
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Hungary: Overview of the Market for Spirits, Liqueurs And Other Spirituous Beverages 2021

Market Size for Spirits, Liqueurs And Other Spirituous Beverages in Hungary

The Hungarian market for spirits, liqueurs and other spirituous beverages stood at $X in 2020, surging by X% against the previous year. Over the period under review, consumption continues to indicate a mild descent. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. Consumption peaked at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Hungary

In value terms, production of spirits, liqueurs and other spirituous beverages dropped modestly to $X in 2020 estimated in export prices. In general, production, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Production peaked at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from Hungary

In 2020, shipments abroad of spirits, liqueurs and other spirituous beverages was finally on the rise to reach X litres for the first time since 2017, thus ending a two-year declining trend. Overall, total exports indicated a tangible expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Exports peaked at X litres in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, exports of spirits, liqueurs and other spirituous beverages stood at $X in 2020. The total export value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. From 2009 to 2020, the growth of exports failed to regain the momentum.

Exports by Country

Slovakia (X litres) was the main destination for exports of spirits, liqueurs and other spirituous beverages from Hungary, accounting for a X% share of total exports. Moreover, exports of spirits, liqueurs and other spirituous beverages to Slovakia exceeded the volume sent to the second major destination, Italy (X litres), fourfold. The third position in this ranking was occupied by Germany (X litres), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Slovakia totaled +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, Slovakia ($X), Italy ($X) and Germany ($X) were the largest markets for spirits, liqueurs and other spirituous beverages exported from Hungary worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Slovakia recorded the highest growth rate of 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 export price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2020, with a decrease of -X% against the previous year. Overall, the export price recorded a slight slump. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per litre. From 2012 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; 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 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into Hungary

In 2020, imports of spirits, liqueurs and other spirituous beverages into Hungary rose significantly to X litres, increasing by X% against 2019 figures. In general, total imports indicated a perceptible increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X litres. From 2019 to 2020, the growth of imports remained at a lower figure.

In value terms, imports of spirits, liqueurs and other spirituous beverages rose sharply to $X in 2020. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. As a result, imports attained the peak of $X. From 2019 to 2020, the growth of imports remained at a lower figure.

Imports by Country

Poland (X litres), Germany (X litres) and Austria (X litres) were the main suppliers of imports of spirits, liqueurs and other spirituous beverages to Hungary, together comprising X% of total imports. Slovakia, Belgium, the Netherlands and Italy lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Hungary, comprising X% of total imports. The second position in the ranking was occupied by Poland ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Austria (+X% per year).

Import Prices by Country

The average import price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2020, falling by -X% against the previous year. Over the period under review, the import price saw a perceptible contraction. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per litre. From 2009 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; 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 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spirits, liqueurs and other spirituous beverages in the world?
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The countries with the highest volumes of consumption of spirits, liqueurs and other spirituous beverages in 2020 were China (1.4B litres), the U.S. (952M litres) and Japan (366M litres), with a combined 40% share of global consumption.
What are the largest producers of spirits, liqueurs and other spirituous beverages in the world?
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China (1.4B litres) constituted the country with the largest volume of production of spirits, liqueurs and other spirituous beverages, comprising approx. 20% of total volume. Moreover, production of spirits, liqueurs and other spirituous beverages in China exceeded the figures recorded by the second-largest producer, Mexico (504M litres), threefold. The third position in this ranking was occupied by Italy (394M litres), with a 5.8% share.
What are the leading suppliers of spirits, liqueurs and other spirituous beverages to Hungary?
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In value terms, Germany ($15M) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Hungary, comprising 33% of total imports. The second position in the ranking was occupied by Poland ($7.1M), with a 16% share of total imports. It was followed by Austria, with a 9.6% share.
What are the leading importers of spirits, liqueurs and other spirituous beverages from Hungary?
+
In value terms, the largest markets for spirits, liqueurs and other spirituous beverages exported from Hungary were Slovakia ($3.8M), Italy ($2.3M) and Germany ($1.3M), together accounting for 74% of total exports.
What is the average export price for spirits, liqueurs and other spirituous beverages in Hungary?
+
The average export price for spirits, liqueurs and other spirituous beverages stood at $4.1 per litre in 2020, dropping by -5.4% against the previous year.
What is the average import price for spirits, liqueurs and other spirituous beverages in Hungary?
+
The average import price for spirits, liqueurs and other spirituous beverages stood at $2.7 per litre in 2020, waning by -6.2% against the previous year.

Product coverage:
• 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)

This report provides an in-depth analysis of the market for spirits, liqueurs and other spirituous beverages 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 2025.


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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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