They go crazy abroad for Hungarian wines: You wouldn't even think how much they would pay for it

Published 2022년 5월 19일

Tridge summary

In the first four months of 2021, the selling price of Hungarian wines at domestic processors experienced a significant increase of about 7.2%, with white wines seeing a larger price hike of 10.3% compared to red wines and rosé. Despite this, wines with a protected designation of origin, especially those from Tokaj, saw the highest price increases. However, the average domestic sales price of Hungarian wines, excluding sparkling wine and champagne, remained low.

The export price of Hungarian wines decreased by 2.4% in the first two months of 2022, despite a 16% increase in the export price of Tokaj wines. Wine exports increased by nearly 13% to 169,000 hectoliters in volume but decreased by 23% in value to HUF 4 billion. Hungary's wine imports also increased by 9% in the same period, mostly consisting of bottled wines.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The increase in the selling price of Hungarian wines at domestic processors slowed down in March and April, the World Economy wrote on the basis of the latest report on the wine market of the Institute of Agricultural Economics (AKI). In 2021, the annual price increase was about 7.2% in the first four months of the year, while the data for the first two months show that they were 12.5% higher than at the same time a year earlier. wines from wineries. It can be clearly seen that the price increase for white wines was larger, at a total of 10.3%, while the transfer prices for red wines and rosé combined were 5% higher than a year earlier. Prices per liter: while that of white wines rose from HUF 203.6 to HUF 224.6, that of red and rosé wines rose from HUF 266.7 to HUF 276.9. There was no breakthrough in the domestic sales prices of Hungarian wines with a protected designation of origin. While the prices of wines produced in Tokaj increased the most, by a total of 17%, the red and ...

Source: Agrarszektor