The Spirits Market in Hungary reached a value of €262.69 million in 2023, showcasing a year-on-year increase of 1.81%. Over the past five years, the market experienced a moderate compound annual growth rate (CAGR) of 2.62%. The market saw fluctuating trends with a significant dip in 2020, followed by a rebound. The recent two-year period also highlighted a stable growth pattern.
Future trends to watch in the Hungarian spirits market include evolving consumer preferences for premium and craft spirits, the potential impact of regulatory changes, and increased competition from local and international brands emphasizing sustainability and innovation.
How does Hungary rank in Spirits Market Size Value?
| # | 15 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 1,930,900,000 | 2023 | +3.99% | +6.47% | View data |
| 2 | 2 Italy | 1,680,900,000 | 2023 | -0.88% | +3.38% | View data |
| 3 | 3 Spain | 1,680,400,000 | 2023 | -0.65% | -0.75% | View data |
| 4 | 4 Germany | 838,740,000 | 2023 | +0.88% | -0.15% | View data |
| 5 | 5 Czech Republic | 403,960,000 | 2023 | +3.78% | +2.72% | View data |
| 7 | 7 Bulgaria | 289,690,000 | 2023 | +1.97% | +2.9% | View data |
| 8 | 8 Finland | 276,310,000 | 2023 | +2.45% | +3.62% | View data |
| 9 | 9 Hungary | 262,690,000 | 2023 | +1.81% | +2.62% | |
| 10 | 10 Austria | 222,990,000 | 2023 | +2.41% | -1.15% | View data |
| 11 | 11 Portugal | 209,980,000 | 2023 | +2.44% | -1.5% | View data |
