The Brandy and Cognac market in Hungary has experienced a noticeable decline over the decade, with the market size decreasing from 8.6421 million Euros in 2013 to 5.0455 million Euros in 2023. The year-on-year variations show consistent decreases, except for a brief uptick in 2018. The average annual change over the past five years resulted in a compounded annual growth rate of -7.05% by 2023.
Future trends to watch for include:
- Potential effects of shifting consumer preferences towards other spirits.
- Possible market stabilization if economic conditions improve.
- Impact of innovations and marketing strategies from producers attempting to attract a younger demographic.
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 172,250,000 | 2023 | -3.53% | -3.24% | View data |
| 2 | 2 United Kingdom | 132,350,000 | 2023 | -1.42% | -2.1% | View data |
| 3 | 3 Portugal | 67,415,000 | 2023 | +1.1% | -2.82% | View data |
| 4 | 4 Bulgaria | 64,515,000 | 2023 | +2.87% | +2.63% | View data |
| 5 | 5 Greece | 35,028,000 | 2023 | +2.1% | +2.81% | View data |
| 10 | 10 Denmark | 6,717,600 | 2023 | -3.44% | -3.39% | View data |
| 11 | 11 Slovakia | 6,524,200 | 2023 | -5.18% | -5.87% | View data |
| 12 | 12 Hungary | 5,045,500 | 2023 | -6.17% | -7.05% | |
