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China Shoes And Clothing Products Occupy Hungary Market

2010/7/8 13:02:00 49

According to the International Monetary Fund IMF forecast, Hungary's economic growth rate will grow to 3% in 2010, and PPP relative purchasing power will reach US $21591.

Although Hungary still can not completely escape the impact of the global financial turmoil in 2009, Hungarian people expect the global economic and trade recovery in 2010. The prime minister Mr. Gordon Bajnai, who has just been in office for 1 years, can really implement the reform of the economy and trade, and will bring Hungary out of the financial crisis and economic recession as early as possible. According to Hungarian economic and trade scholars, the Hungarian fiscal deficit narrowed to 2.8% of GDP in 2009. It is predicted that 2010 fiscal revenue (including EU subsidies) will account for 42.8% of the proportion of Hungary's GDP, which will establish a good foundation for the development of Hungary's 2010 economic and trade development.

Hungary has a population of about 10 million 310 thousand, and the capital city of Budapest is more than 2 million. Because of its population concentrated in Budapest and 20 to 300 thousand people, the consumption market is quite concentrated.

With the rapid opening up of the market and the development of foreign investment, Hungary's retail channel market is very developed.

Whether it is general products, information products, household electrical appliances, building materials, hardware and DIY products, furniture, bedding, Houseware,

motion

Products and baby products, such as Tesco, Auchan, Metro, Cora, Electro World, Media Mart, OBI, Praktiker, IKEA, and so on, are distributed in Hungary cities and towns, and the price competition is fierce.

Since Hungary's price growth rate is often higher than Hungary's salary growth rate, Hungary's real income has not increased. Therefore, Hungarian consumers are still deciding on purchasing factors based on price.

Before 1989, Hungary was a communist country, which was closely related to China and Vietnam at that time.

Since the collapse of the Soviet Union, Hungary has developed a free economy, more active than China and Vietnam.

With the booming development of China and Vietnam, these immigrants have also introduced their home country products to Hungary.

Garments made in China and Vietnam,

shoes

Consumer products such as stationery, toys, leather bags and other consumer products are highly competitive in price, almost destroy Hungary's local manufacturers and intermediate goods manufactured in Western Europe. Besides, all kinds of low-grade consumer electronics products made in China, if juice machines, irons, agitators, and so on, will gradually enter the mainland market at a low price.