The bottled water market in Hungary reached a volume of 1.0894 billion liters in 2023. This reflects a modest year-on-year increase of 2.11% compared to 2022. Over the past two years, the market has experienced slight fluctuations, yet showing an overall stabilization. From 2018 to 2023, the market has had a Compound Annual Growth Rate (CAGR) of -2.94%, indicating a general decline over the past five years despite minor annual growth in recent years.
Key trends and variations observed in the historical data:
- 2022-2023: 2.11% growth
- 2021-2022: 2.17% growth
- 2018-2023: -2.94% CAGR reflecting a longer-term decline despite recent upticks
Future trends to watch for:
- Impact of sustainability concerns and regulations on bottled water consumption
- Growth potential in premium and flavored water segments
- Technological advancements in packaging and distribution influencing market dynamics
How does Hungary rank in Bottled Water Market Size Volume?
| # | 17 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 16,462,000,000 | 2023 | -0.96% | -2.73% | View data |
| 2 | 2 Spain | 9,330,200,000 | 2023 | +2.06% | +1.63% | View data |
| 3 | 3 France | 8,932,200,000 | 2023 | -3.57% | -2.38% | View data |
| 4 | 4 Poland | 5,283,700,000 | 2023 | +2.91% | +2.2% | View data |
| 5 | 5 United Kingdom | 3,481,900,000 | 2023 | +2.4% | +1.41% | View data |
| 6 | 6 Romania | 2,450,200,000 | 2023 | +2.99% | +2.59% | View data |
| 7 | 7 Hungary | 1,089,400,000 | 2023 | +2.11% | -2.94% | |
| 8 | 8 Bulgaria | 977,230,000 | 2023 | +7.23% | +3.46% | View data |
| 9 | 9 Czech Republic | 765,240,000 | 2023 | +0.82% | -1.6% | View data |
