Hungary - ECommerceHungary - ECommerce
Citing the boost e-commerce could give Hungary’s productivity and innovation, the Hungarian government continues to place a high priority on advancing this sector. E- commerce had a slow start in Hungary but has been booming in the recent years. The most developed segment is E-banking.
E-commerce in Hungary had an EUR 1 billion total turnover in 2016 representing 3.9% of the total retail trade. Online retail and web-shop concept have been growing steadily since 2010. Products purchased most frequently online include books, coupons, IT and electronic gadgets, insurance services, e- tickets, and holiday reservations. More than 70% of orders included home delivery, and most Hungarian online shoppers prefer cash payment upon delivery. Both males and females use online retailing equally. Most e-commerce revenue, nearly 40%, is generated in the last two months of the year before the holidays (Black Friday and Christmas).
In addition, the average value of the online shopping cart is higher than that of traditional purchases. The average cart size increased from HUF 7,500 ($25) to HUF 11,600 ($35) during the last five years. Online customers are more inclined to spend a bigger sum at one go. In 2016, there were roughly 4,800 web shops registered in Hungary.
According to GKI Digital, the best e-retailers in Hungary include: Extreme Digital, eMAG, Mall, Media Markt, Tesco and Libri-Bookline. The largest e-retailers had a total turnover of HUF 92 billion sales in 2016.
Hungary eCommerce Industry Trade Development and Promotion eCommerce