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Follow on Google News | New Market Research Report: Hungary Retail Report Q3 2010Recently published research from Business Monitor International, "Hungary Retail Report Q3 2010", is now available at Fast Market Research
Hungary's nominal GDP in 2010 is expected to be US$151.56bn, with 2009's decline of 6.3% forecast to turn into growth of 0.1% in 2010 as the economy slowly begins to improve. Average annual GDP growth of 2.6% is forecast between 2010 and 2014. Even though the population is forecast to decrease slightly, from 10.0mn in 2010 to 9.9mn by 2014, consumer spending per capita is predicted to rise to US$11,050 by the end of the forecast period. The demand for premium products and convenience are driving factors behind value growth across the Hungarian retail industry, with consumers increasingly regarding their purchases as status symbols. But local consumption patterns vary significantly according to income, with the average wage of US$14,321 in 2009 much lower than professional salaries. The government's austerity programme, which has reduced consumer expenditure, also means that many consumers are extremely price-conscious. Hungary's median population age is rising steadily, with the proportion of those aged 20-44, a key sector for retail sales, forecast by the UN Population Division to rise from 35.3% of the total in 2005 to 35.6% in 2010. Retail sub-sectors that are likely to grow over the forecast period include consumer electronics, with sales rising from US$2.23bn in 2010 to US$2.68bn by 2014, an increase of more than 20%. However, automotives sales are forecast to decrease by 8%, from US$2.27bn in 2010 to US$2.09 by 2014. Property experts forecast that about 450,000m2 of shopping centre space will be added to the Hungarian market between by 2012. Retail sales for the BMI universe of Central and Eastern European (CEE) countries in 2010 amount to a forecast US$1,184bn, based on the varying national definitions. Total consumer spending for the region based on BMI's macroeconomic database is expected to be US$2,032bn. Russia, Turkey and Poland account for an estimated 80% of regional retail sales in 2010, which we forecast to remain steady through to 2014. For Hungary, its forecast market share of 3.2% in 2010 is expected to fall to 2.9% by 2014. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: Executive Summary SWOT Analysis - Hungary Retail Business Environment SWOT - Hungary Political SWOT - Hungary Economic SWOT Market Overview - Current Trends - Key Players Industry Forecast Scenario - Retail Growth Outlook - Table: Key Retail Indicators, 2007-2014 - Table: Retail Sales By Segment, 2010f - Macroeconomic Outlook - Table: Hungary Economic Activity, 2007-2014 Regional Retail Outlook - Table: Regional Retail Trends, 2007-2014 - Table: Regional Retail Sales By % Share, 2007-2014 - Regional Retail Trends Business Environment Outlook - Central And Eastern Europe Retail Business Environment Ratings - Table: CEE Retail Business Environment Ratings - Hungary's Retail Rating - Limits To Potential Returns - Risks To Realisation Of Returns Mass Grocery Retail - Hungary Mass Grocery Retail SWOT - Market Overview - Table : Structure Of Hungary's MGR Market - Number Of Outlets, 2001-2009 - Table: Value Of Sales Per Outlet, 2009 - Table: Structure Of Hungary's MGR Market - Sales, 2001-2008 - Industry Forecast Scenario - Table: MGR Sales, 2007-2014 - Table: Grocery Retail Sales By Format, 2009 & 2019 - Industry Developments Consumer Electronics - Hungary Consumer Electronics Market SWOT - Market Overview - Computers - Table: PC Sales, 2007-2014 - Industry Forecast Scenario - Table: Consumer Electronics Overview, 2007-2014 (US$mn) - Industry Developments Automotives - Hungary Autos Industry SWOT - Market Overview - Industry Forecast Scenario - Production And Sales - Table: Autos Production & Sales, 2005-2014 - Trade - Table: Autos Exports & Imports, 2005-2014 - Industry Developments Country Snapshot: Hungary Demographic Data - Section 1: Population - Table: Demographic Indicators, 2005-2030 - Table: Rural/Urban Breakdown, 2005-2030 - Section 2: Education And Healthcare - Table: Education, 2002-2005 - Table: Vital Statistics, 2005-2030 - Section 3: Labour Market And Spending Power - Table: Employment Indicators, 2001-2006 - Table: Consumer Expenditure, 2000-2012 (US$) - Table: Average Annual Wages, 2000-2012 BMI Methodology - How We Generate Our Industry Forecasts - Sources About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. End
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