The champagne market is booming in Hungary

Published 2022년 12월 27일

Tridge summary

The article provides an overview of the champagne market, with a focus on Hungary's role as a producer and consumer. It highlights Hungary's domestic consumption and export destinations, mentioning the stability and growth of the global champagne market. The article also notes the dominance of Italian and German champagnes in imports and the dynamic growth of the champagne category within the wine industry. It provides figures on the global production of champagne, showing its increase and the leading countries. The article concludes by discussing the various occasions for champagne consumption and the stable demand throughout the year, but a decline in the last month of the year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

75-80 percent of the champagne produced in Hungary goes to the domestic market, and a quarter to a fifth is exported. Our most important destination countries this year are Romania, Canada, Estonia, Sweden and Latvia. The imports coming to us tend to only serve to expand the selection, it has ranged between 10-20 thousand hectoliters in recent years. Photo: Pixabay Italian champagnes dominate the champagne imports, but a significant amount also comes from Germany. The champagne market shows stable growth worldwide, both in terms of volume sold and value; among wine products, this is the most dynamically developing category. Champagne production has been growing almost continuously since the beginning of the 2000s, it stopped only during the economic crisis of 2008 and the coronavirus epidemic, but it quickly started to grow again. In the last twenty years, 70 percent of the world's champagne production has been used, and it already accounts for 8 percent of wine production, ...
Source: AgroTrend

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