5.7 Million Online Shoppers in Hungary by 2025

hungary ecommerce

Insights into the growth of Hungary ecommerce with payment methods, target audiences, marketing, social media, economy and logistics all profiled

Economy

Hungary is home to 9.7 million people with a total GDP of US$176 billion. GDP per capita is currently US$18,075 and expected to reach US$24,850 by 2026. Hungary is ranked as the 57th richest country by the World Bank GDP per capita rankings.

See other opportunities in exciting markets like SlovakiaRomania and Russia.

Digital User Insights

There are currently 5.2 million ecommerce users in Hungary, with an additional 500,000 users to be shopping online by 2025. These 5.7 million ecommerce users will represent 71.3% of the total population. The average user spends US$329 online, which will grow to US$399 by 2025.

Hungary ecommerce

Product Categories

Total ecommerce revenue across all product categories is US$1.7 billion, expected to reach US$2.2 billion by 2025. Fashion is currently the leading product category, accounting for US$685 million market share. Electronics and Media is second, accounting for US$433 million.

By 2025, Fashion will lead, valued at US$912 million. Electronics will also grow, reaching US$551 million .  

Hungary ecommerce

Logistics

In 2018, Hungary was ranked 31st in the World Bank Logistics ranking, making it among the easiest countries to deliver to in the world. 72% of Hungary’s population reside in urban areas, and international retailers can rest assured that the infrastructure and logistics will continue to improve.

Preferred Online Payments

In 2013, over 50% of Hungarian shoppers still used Cash on Delivery. Other popular payment methods included: online bank cards, wire transfer, credit cards and mobile.

Where does Hungary buy from?

Hungary imports from Germany (US$28.9 billion), China (US$7.06 billion), Poland (US$6.96 billion), Austria (US$6.56 billion), and Czechia (US$6.3 billion).

Internet and Device Usage

Internet penetration in Hungary is currently at 87% and smartphone penetration is 75% as of 2020.

Hungary ecommerce

39% of online shoppers in Hungary shop online via desktop. 37% of shoppers make purchases via smartphone, and 43% made their most recent purchase via laptop or notebook. 6% used a tablet to pay for purchases online.

Hungary ecommerce

Marketing

Digital has grown to the highest market spend reaching 44.7% of advertising spend in 2020. Television accounts for the second-highest market spend accounting for 26%.

Social Media

Hungary’s Social Media Penetration is 77% of the population, with this expected to reach 80% by 2025. The most popular social network is Facebook. Pinterest, Twitter, Tumblr and GooglePlus, all account for a much smaller market share.

Hungary ecommerce

For more market insights, check out the ESW series of blogs covering a range of emerging ecommerce markets. 

*Insights derived from ESW data, Statista, WorldBank, OECD and other industry sources.

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