Expand to Hungary

Expand to

Hungary

Expand rating
Market size
7/10
Competition
9/10
Growth rate
8/10
Eshop management costs, marketing
9/10
Average buyer's consumption per year
5/10
Share in total retail
6/10
Explanation: The higher the number, the higher the opportunity

9,9 mil
Population

More than
1
billion €
turnover in e-commerce
in 2016

More than
80%
of population has
access
to internet

4,1%
share of online
sale within
whole market

Approx. 6.000
active
online stores

Interesting fact

2,1 Million of
Hungarians made
an order on
black friday

More than
18-20%
level of growth of
e-commerce

27% VAT
one of the highest
tax rates
in the world

9,9 mil
Population

More than
1
billion €
turnover in e-commerce
in 2016

More than
80%
of population has
access
to internet

4,1%
share of online
sale within
whole market

Approx. 6.000
active
online stores

Interesting fact

2,1 Million of
Hungarians made
an order on
black friday

More than
18-20%
level of growth of
e-commerce

27% VAT
one of the highest
tax rates
in the world

What to know about Hungary?

E-commerce in Hungary is a few years behind in development compared to Western markets. In addition to low competition, the great advantage of Hungary is the fact that Hungarian e-commerce has its best time and growth still ahead of itself.

Expansion to Hungary is very attractive for foreign, more developed online stores. In terms of the cost of running an online store and online marketing is the expansion relatively cheap and easy.

Show more

The Hungarian ecommerce market has its specificts. Foreign stores must count for example with strong Hungarian local patriotism or with one of the highest VAT in the world - 27%.

If you are considering expanding into Hungary with your online project, Expandeco is here for you. Take advantage of our many years of experience, knowledge and local contacts.

We cooperate with
Payment gateway
Carrier
Price comparator
Ecommerce association
We cooperate with
Payment gateway
Carrier
Price comparator
Ecommerce association

Within hungarian e-commerce market

With our partners we provide these expert services::
Market research, competition analysis
Legal and tax advice
Local customer support (native speakers), social media management
SEO translations into hungarian
Online marketing
Reverse logistics - Collection service(Budapest)
Complex fulfillment services (excellent warehouse position)
Opening a bank account

You might be interested

The Hungarian E-commerce

It's safe to say we shouldn't underestimate the Hungarian e-commerce market. It has grown 2.5 times its size in the last 4 years alone.

Read more

Hungarian eCommerce market grew by nearly a sixth in 2018

The Hungarian ecommerce market is still growing, and it was not different in 2018, which is confirmed by the fact that Hungary is a country where it is worth to expand as soon as possible!

Read more
Begentleman.sk
Matej KuckoFounder & CEO
We decided to expand to the foreign through Expandeco and we are very satisfied with their approach. They made for us an introductory market and competition analysis, which helped us to decide whether to expand at all. The communication with them is very fast, the translations are of high quality and their approach is professional, proactive and friendly. We definitely recommend Expandeco to anyone who is considering expansion to the foreign without an in-house team and support in competent language.
Do you still hesitate to expand to Hungary?Do not hesitate to contact us with your questions Inform
Expand!Contact us