The Hungarian confectionery market volume per capita in 2023 stands at 10.4 kilograms. A year-on-year increase from 2022 indicates a 2.67% rise, marking a recovery trend following a decline in 2021. However, considering the compound annual growth rate (CAGR) over the last five years from 2018 to 2023, the market saw an average growth of roughly 0.16% annually. Over the past decade, the market demonstrated significant growth, driven largely by peaks in 2017 and a subsequent dip in 2021, with a gradual recovery thereafter.
Future trends to watch for include:
- Shifts in consumer preferences towards healthier and sustainable options, which may alter the market dynamics.
- The impact of economic fluctuations on consumer purchasing power and consequently on confectionery consumption.
- Potential innovations and new product developments in the confectionery sector.
How does Hungary rank in Confectionery Market Size Volume Per Capita?
| # | 19 Countries | Kilograms Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23.17 | 2023 | View data | ||
| 2 | 2 Finland | 18.04 | 2023 | View data | ||
| 3 | 3 Denmark | 16.52 | 2023 | View data | ||
| 4 | 4 Spain | 16.04 | 2023 | View data | ||
| 5 | 5 Netherlands | 15.12 | 2023 | View data | ||
| 10 | 10 France | 12.38 | 2023 | View data | ||
| 11 | 11 Italy | 11.42 | 2023 | View data | ||
| 12 | 12 Hungary | 10.4 | 2023 | |||
| 13 | 13 Portugal | 9.95 | 2023 | View data | ||
| 14 | 14 Czech Republic | 9.43 | 2023 | View data | ||
