Hungary: Surprising increase in consumption of champagne

Published 2022년 1월 30일

Tridge summary

Hungary sees a peak in champagne consumption during the New Year's Eve holiday, with 60% of domestically produced champagne consumed locally. Despite a 9% decrease in domestic sparkling wine consumption in 2020 due to the pandemic, there was no further decline in 2021. There has been a shift towards higher-quality champagnes, with an increase in demand for traditional champagne brands, as well as Italian and German champagnes. The number of Hungarian companies with a license to produce champagne has grown to nearly 60. The economic downturn caused by the pandemic also affected the consumption of champagne in Europe, but there was a surprising 20% increase in consumption in 2021. France remains the leading champagne producer, followed by Italy, Germany, and Spain. The US is the 5th largest champagne producer in the world.

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

Original content

Along with many other products, seasonal seasonality is also characteristic of Hungarian champagne consumption, with nearly 60% of champagnes consumed during the New Year's Eve holiday season, the National Chamber of Agriculture (NAK) said in a statement. The producers sell a significant part of the champagnes produced in Hungary, three quarters of the production, on the domestic market. Hungarian sparkling exports fluctuate quite a bit, averaging around 50,000 hectoliters in value over the last five years, valued at around 8 million euros. Our main destination countries are Romania, the Baltic and Scandinavian countries. Domestic sparkling consumption decreased by 9% in 2020 compared to the previous year due to the coronavirus epidemic, but according to preliminary data, consumption did not fall further in 2021. This amount is quantified at an annual consumption of about 1.2 liters per capita, the specific value includes not only sparkling wines but also sparkling, semi-sparkling ...

Source: Agrarszektor