BMI View: Increasing disposable incomes due to a tightening labour market, proposed VAT cuts and
public sector wages increase will support growth in Hungary's food and drink industry throughout our
forecast period. As consumers become more affluent, they will increase ..."
The baby food sales in Hungary were hit by a decline in the number of births and a poor economy, but an upturn in birth numbers in 2014, which continued into 2015, coupled with a more buoyant economy, has encouraged sales over the last two year ..."
The volume of retail trade sales have increased in the period of January - May 2016 compared to the same period of the previous year. Extreme hot weather hit the country in the second quarter which favors the commercial beverages market. Pr ..."
Hungarian beer market continued to stay positive in 2015 aided by warmer summer, improved consumer confidence with increasing purchasing power, stable excise duty and also with major brands being frequently on price promotions. Improved consume ..."
BMI View: Rising real wages will drive good growth in Hungary's food, drink and mass grocery retail
sectors over 2016. We expect consumers to trade-up price points over our forecast period up to 2020 as
they realise gains from a tight labour market. The food and drink ..."
Consumer prices are quite low in soft drinks, driven by Private Label products' pricing strategy, and this trend is very unlikely to change as Hungary is well equipped with good quality water sources. Alcoholic drinks, dairy dinks and hot ..."
BMI View: Hungary's food and drink industry will recover in 2016 due to strong household spending,
which will be the key driver of economic growth. We expect health consciousness trends and convenience to
inform consumer habits over our forecast period. However, a wea ..."
Slow growth of the economy and a declining unemployment rate helped generate retail sales in Q4-15 and a good performance for the soft drinks sector. Strong gains in packaged water and carbonates allowed all commercial beverages to enjoy a posi ..."
Some of the key trends noted across Hungary include: consumers starting to watch their sugar intake especially in western markets where low calorie variants are taking share, or consumers moving towards packaged water and flavoured waters; frui ..."
SummaryIncreasing GDP, decreasing unemployment, and hot and dry weather all helped boost overall beverage consumption compared to Q3-14. Soft, dairy and alcoholic sectors experienced growth, with virtually every category growing or remaining stable. Private La ..."