Hungary - Champagne - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChampagne Price in Hungary - 2023
Contents:
- Champagne Price in Hungary (CIF) - 2023
- Champagne Price in Hungary (FOB) - 2022
- Champagne Imports in Hungary
- Champagne Exports in Hungary
Champagne Price in Hungary (CIF) - 2023
In June 2023, the average champagne import price amounted to $54.9 per litre, declining by -21.1% against the previous month. In general, import price indicated a moderate expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, champagne import price increased by +76.0% against October 2022 indices. The pace of growth appeared the most rapid in November 2022 an increase of 33% month-to-month. Over the period under review, average import prices hit record highs at $69.6 per litre in May 2023, and then contracted rapidly in the following month.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was France ($55.4 per litre), while the price for Belgium ($48.9 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Champagne Price in Hungary (FOB) - 2022
In 2022, the average champagne export price amounted to $276 per litre, increasing by 480% against the previous year. In general, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 1,466% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Romania.
From 2012 to 2022, the rate of growth in terms of prices for Moldova amounted to +1,481.3% per year.
Champagne Imports in Hungary
Champagne imports into Hungary skyrocketed to 132K litres in 2022, with an increase of 18% against the previous year's figure. Overall, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Imports peaked at 246K litres in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, champagne imports expanded significantly to $5.2M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Champagne in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.5 | 3.8 | 4.4 | 4.9 | 25.1% |
| Germany | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Slovakia | 0.1 | N/A | N/A | N/A | 0% |
| Czech Republic | 0.2 | N/A | N/A | N/A | 0% |
| Italy | 0.3 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 3.5 | 4.0 | 4.7 | 5.2 | 14.1% |
Top Suppliers of Champagne to Hungary in 2022:
- France (113.6K litres)
- Germany (10.6K litres)
- Slovakia (3.2K litres)
Champagne Exports in Hungary
In 2022, shipments abroad of champagne decreased by -82.5% to 886 litres for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a slight decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 201%. As a result, the exports attained the peak of 5.1K litres, and then contracted significantly in the following year.
In value terms, champagne exports totaled $244K in 2022. Overall, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 458% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Export of Champagne in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | N/A | N/A | 223 | 9.8 | -95.6% |
| Hong Kong SAR | 163 | N/A | N/A | N/A | 0% |
| Moldova | N/A | 39.2 | 16.9 | N/A | -56.9% |
| Others | 3.2 | 4.0 | 1.3 | 234 | 318.2% |
| Total | 166 | 43.2 | 241 | 244 | 13.7% |
Top Export Markets for Champagne from Hungary in 2022:
- Romania (863.0 litres)
This report provides an in-depth analysis of the champagne 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 11021130 - Champagne (important: excluding alcohol duty)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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