Value of Hungarian Coffee Market Rose 20% Last Year
- 11 Jul 2023 9:53 AM
- Budapest Business Journal
Due to the significant increase in the price of raw materials, the value of the Hungarian retail coffee market increased by 20% to HUF 82.8 billion last year, but its volume decreased by 11% to 18,200 tons, said Gábor Árok, head of the coffee business at Coca-Cola HBC Hungary, at a press conference this week in Budapest, according to profitline.hu.
Presenting the data of market researcher Nielsen, he said that the turnover of ground coffee, which is the largest segment in the Hungarian market, decreased by 15% to 7,900 tonnes last year, and the sales volume increased by 22% to HUF 28.9 bln.
The price of coffee rose in a significant part due to the increase in the price of the raw material and the development of the economic environment, as a result of which consumers bought less.
The value of the bean coffee market increased by 28% to HUF 15.4 billion, with a 3% decrease in turnover.
The market for Nespresso-compatible capsules increased from 501,000 kg to 503,000 kg in 2022 compared to 2021.
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