Hungarians spend billions on ham, chocolate over Easter
Households are expected to spend in excess of HUF 10 billion over the Easter period on ham and other smoked meat products, according to a report by business news portal vg.hu. Last Easter, Hungarians took home some 900 tonnes of chocolate figures.
More than 6,700 tonnes of ham and other boiled or smoked meats are consumed over the Easter holiday in Hungary, said Martina Mostisch, secretary general of the Hungarian Meat Industry Federation, citing data from market researcher GfK Hungary. On average, each household consumes around 2.4 kilograms in this product category at Easter.
Mostisch noted that pork products on the market at Easter are variable in quality, and urged consumers to buy from tried and trusted producers, avoiding products that do not display the producer on the label and taking care to check sell-by dates.
Meanwhile, the Association of Hungarian Confectionery Manufacturers (MÉSZ), is upbeat about prospects on the Hungarian sweets market. According to the latest data from market researcher Nielsen, the 900 tonnes of chocolate figures Hungarians bought last Easter represented a 20% increase on 2016.
Chocolate rabbits led the way, followed by chocolate eggs, ducks, lambs and chicks. Easter sweets turnover was also up in terms of money spent last year, increasing by 28% to some HUF 4.5 bln.
Total annual turnover on the Hungarian confectionery market in 2017 amounted to more than HUF 200 bln, and it is estimated that this will rise by around 2-3% this year. According to MÉSZ, consumers are increasingly inclined to buy higher-quality products in higher price categories.
ADVERTISEMENT
Mapei Targets 6% Higher Revenue This Year
Parliament Negates Mandatory Membership in MOK
Number of Residential Developments in Cities Falls 9%Â
Veronika Spanarova Wins Expat CEO of the Year Award 2023
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
