Hungary Food and Drink Report Q2 2014

Hungary Food and Drink Report Q2 2014

Published: March 2014
Publisher: Business Monitor International (BMI)
Product ref: 199398
Pages: 140
Format: PDF
Delivery: Immediate download

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BMI View: The Hungarian economy is set to improve in 2014; however, real GDP growth in Hungary is unlikely to match up with that of the country's regional peers. Moreover, the country's business environment will remain toxic as a result of the government's imposition of punitive taxes on banks and foreign-owned firms. We continue to forecast real GDP growth of 1.7% in 2014, with this projected to rise to 1.9% in 2015, as our expectation for rising German household consumption to boost Hungarian net exports begins to feed through.

Headline Industry Data (local currency) ¦ 2014 food consumption value (local currency) growth: +3.6%; compound annual growth rate (CAGR) 2014 to 2018: +4.5%. ¦ 2014 food consumption per capita value (local currency) growth: +3.8%; CAGR to 2018: +4.7%. • 2014 alcoholic drinks value sales (local currency) growth: +2.1%; CAGR to 2018: +3.6%. • 2014 soft drinks value sales (local currency) growth: +3.1%; CAGR to 2018: +4.2%. • 2014 total mass grocery retail sales growth (local currency): +3.4%; CAGR to 2018: +5.0%.

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By sector: General drinks

By market: Hungary (in Europe)


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