The Brandy and Cognac market in Hungary has seen a gradual decline over the past decade, with the per capita value reducing from €0.87 in 2013 to €0.6 in 2023. This represents a significant contraction of about 31% overall. Recent annual declines have been modest, with a decrease of about 3.2% in 2022 and 1.6% in 2023. The compound annual growth rate (CAGR) over the last five years shows a shrinkage by approximately 2.30% per year.
Future trends to watch for include:
- Potential shifts towards premium products that may stabilize market value.
- Innovation in product offerings and marketing strategies focused on young adults.
- Growing interest in local spirits, possibly impacting demand for imported brands like Cognac.
How does Hungary rank in Brandy and Cognac Market Size Value Per Capita?
| # | 12 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 9.95 | 2023 | View data | ||
| 2 | 2 Bulgaria | 8.96 | 2023 | View data | ||
| 3 | 3 Portugal | 6.43 | 2023 | View data | ||
| 4 | 4 Finland | 4.95 | 2023 | View data | ||
| 5 | 5 Greece | 3.29 | 2023 | View data | ||
| 10 | 10 Denmark | 1.13 | 2023 | View data | ||
| 11 | 11 Sweden | 1.05 | 2023 | View data | ||
| 12 | 12 Hungary | 0.6 | 2023 | |||
