Sales of holiday sweets set to fall 10%
Shutterstock.com
Sales of holiday sweets could fall 10% to HUF 9 billion-9.5 bln this year, the head of the Hungarian Sweets Manufacturers Association told state news wire MTI.
Image by Shutterstock.com
Sándor Sánta said orders of holiday sweets are down about 10% as the dramatic decline in demand for Easter-themed sweets - while the country was in pandemic lockdown - remains fresh in retailersʼ minds.
About 3,500 tonnes of szaloncukor or "parlor sweets" - chocolate-covered fondant popular in Hungary around Christmas - along with 8 million chocolate Santas and 350,000 advent calendars with sweets are sold annually.
The average Hungarian family buys about 1 kg of szaloncukor a year, spending HUF 2,000 on average. Total sales of the holiday sweets add up to HUF 7 bln.
Total revenue of the Hungarian sweets industry is expected to decline 5-6% this year from HUF 250 bln-260 bln in previous years, Sánta said.
Some 250 Hungarian sweets companies employ more than 5,000 people.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
