Number of retail outlets falls, turnover edges down in 2020
Image by Pixabay
There were close to 116,000 retail outlets operating in Hungary at the end of 2020, down by 3.1% or almost 4,000 from a year earlier, the Central Statistical Office (KSH) said in a summary of data published on its website.
At the same time, the average area of retail outlets grew by 13% between 2015 and the end of 2020, KSH noted.
Retail turnover edged down 0.4% to HUF 12.7 trillion as retail prices increased 2.7%, KSH said.
Within retail sales, food sales accounted for 43% of the total turnover, up 3.5 percentage points from a year earlier.
The share of mail order and online sales reached 8.5% within total turnover as sales volume in the segment rose 39% in 2020.
In accordance with EU methodology, the data include filling stations but not vehicle and vehicle parts stores.
The number of national tobacco shops was 5,900 and the number of pharmacies came to 2,400.
The number of food shops fell 12% compared to the end of 2015 to 37,400.
The number of non-food shops was 76,000 at the end of 2020, down by almost 13,000 from the end of 2015.
The number of vehicle and vehicle parts stores was 7,700 at the end of 2019, down by 315 from the end of 2015.
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.