Tridge summary
In 2020, Hungary saw a 9% decrease in domestic champagne consumption due to the pandemic, with preliminary data indicating no further decline in 2021. Consumption behavior has shifted towards higher-quality champagnes, with an increase in demand for traditional, Italian, and German champagnes. Despite this, the majority of Hungarian champagne consumption still occurs during the holiday season. The country's sparkling wine exports vary, with Romania and the Baltic and Scandinavian countries being the main recipients. Hungary currently has nearly 60 companies with a license to produce champagne. The article also clarifies the difference between champagne, sparkling wine, and sparkling wines. Globally, the champagne market was affected by the pandemic, with European exports down by 6% and consumption in the Champagne wine region down by 20%, except for French Champagnes, which saw a 38% growth in 2021.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Due to the coronavirus epidemic, domestic champagne consumption decreased by 9% in 2020 compared to the previous year, but according to preliminary data, consumption did not fall further in 2021, the National Chamber of Agriculture (NAK) wrote in its annual analysis. Champagne consumption has stagnated, but quality drinks are becoming increasingly popular According to a statement sent to MTI on Wednesday, this amount is roughly 1.2 liters of annual consumption per capita, and the specific value includes sparkling, sparkling and still wines in addition to champagnes. In recent years, consumer demand has shifted towards quality champagnes, with an increase not only in the higher-priced products of traditional champagne brands, but also in the demand for market-leading Italian and German champagnes. The Chamber of Agriculture emphasized that in Hungary the majority of consumption is still concentrated during the festive period at the end of the year, almost 60 percent of the ...
Source: Trademagazin
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