The confectionery market in Hungary experienced fluctuations over the past decade. The market size in 2023 was valued at 386 million Euros. Between 2013 and 2018, the market generally expanded, peaking in 2018. A decline followed in 2019, which was largely stable through 2020. The market contracted in 2021 but showed minor recovery in 2022 and 2023. Year-on-year variations highlighted heterogeneous growth patterns, with a notable CAGR decrease over the last five years, indicating overall contraction.
Future trends to watch for include:
- Potential market stabilization post-2023, focusing on premiumization.
- Increasing demand for healthier alternatives and sustainable practices.
- Innovation and diversification driven by consumer preferences for local flavors and organic products.
How does Hungary rank in Confectionery Market Size Value?
| # | 18 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 8,641,400,000 | 2023 | -1.68% | -0.58% | View data |
| 2 | 2 France | 6,374,900,000 | 2023 | +0.38% | -0.27% | View data |
| 3 | 3 United Kingdom | 6,088,300,000 | 2023 | -0.75% | +0.46% | View data |
| 4 | 4 Italy | 4,039,100,000 | 2023 | +3.02% | -3.47% | View data |
| 5 | 5 Spain | 3,579,100,000 | 2023 | +1.74% | +2% | View data |
| 12 | 12 Czech Republic | 539,400,000 | 2023 | +5.02% | +2.53% | View data |
| 13 | 13 Portugal | 518,900,000 | 2023 | +2.7% | +1.64% | View data |
| 14 | 14 Hungary | 386,000,000 | 2023 | +2.58% | -1.9% | |
| 15 | 15 Croatia | 247,270,000 | 2023 | +0.99% | +0.16% | View data |
| 16 | 16 Slovenia | 150,560,000 | 2023 | +2.58% | +1.79% | View data |
