Digestifs lead Hungarian spirits preferences

Telco

Hungarians spend more than HUF 80 billion per year on spirits. However, despite being the national drink, pálinka does not rank highest among Hungarian consumersʼ preferences, research by Nielsen shows.

The Nielsen market research company studied the Hungarian spirits market between September 2015 and August 2017. According to its findings, digestif drinks - spirits usually taken after a meal to aid digestion - lead retail spirits sales with a 26% share of the segment, while vodka and pálinka rank second and third, with 25% and 17%, respectively.

What is more, overall sales of digestifs have grown by 12% year-on-year, from HUF 19 billion to more than HUF 21 bln, business portal vg.hu reports.

Hungarians prefer to buy digestifs in hypermarkets above 2,500 square meters in area, with more than one third of sales in this spirits category registered in such stores, the research shows. However, small shops are catching up, with the market share of digestif sales in units of below 50 sqm having grown in one year from 17% to 21%.

As for packaging, the 0.5 liter bottle size is the most popular, but in the Christmas period sales of 0.75 liter bottles grow.

According to World Health Organization (WHO) data, annual alcoholic beverage consumption in Hungary is 12.3 liters per capita, which is similar to Poland, Slovakia and the U.K.

Revenues of Hungarian spirits producing companies amounted to HUF 48.8 bln last year, which is a record low. In 2009, revenues totaled HUF 76.38 bln, vg.hu reports.

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75% MNB

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%

Bulgaria's Household Income, Spending Rise 20% in 2023 World

Bulgaria's Household Income, Spending Rise 20% in 2023

Spar Magyarország Revenue Climbs Close to 16% in 2023 Retail

Spar Magyarország Revenue Climbs Close to 16% in 2023

Hungary Launches HUF 15 bln Tourism Sector Support Program Tourism

Hungary Launches HUF 15 bln Tourism Sector Support Program

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.