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.

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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

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armymarket.sk
Ondrej Koprda
Owner
Armymarket was able to successfully expand into the Hungarian market thanks to Expandeco's know-how and friendly approach. They helped us with product translations, collection service and local foreign customer support, which provided us with a smooth start into new markets. We plan to use Expandeco services in other countries in the future.
Do you still hesitate to expand to Hungary?Do not hesitate to contact us with your questions Inform