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Chinese Shoes And Clothing Products Seize Hungary Market

2010/7/8 10:41:00 24

According to international

International Monetary Fund

IMF predicts that the economic growth rate of Hungary will grow to 3% in 2010, and the relative purchasing power of PPP 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 carry out economic and trade reforms and take Hungary out of the financial crisis and recession as early as possible. According to Hungarian economic and trade scholars, the Hungarian fiscal deficit narrowed to 2.8% of GDP in 2009, and 2010 is predicted.

finance

Income (including EU subsidies) will account for 42.8% of Hungary's GDP share, which will provide a good foundation for Hungary's economic and trade development in 2010.

Hungary

There are about 10 million 310 thousand people in the whole country, and the capital city of Budapest is more than 2 million. Because the population is concentrated in Budapest and several 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 appliances, building materials, hardware and DIY products, furniture, bedding, Houseware, sporting goods and baby products, there are clustered stores, such as Tesco, Auchan, Metro, Cora, Electro World, Media Mart, OBI, Praktiker, OBI, and so on, which are distributed in various towns and towns in Hungary, 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.

Because Chinese and Vietnamese consumer products such as clothing, footwear, stationery, toys and leather bags are highly competitive, they 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 are gradually entering the mainland market at low prices if they are juice machines, irons and blenders.