Chinese Shoes And Clothing Products Seize Hungary Market

Basis international currency The fund's 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 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.

stay market Under the influence of rapid opening up and foreign investment and development, 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.

Hungary Price rise The rate is often higher than Hungary's salary growth rate, and Hungary's actual income has not increased. Therefore, Hungarian consumers still make price decisions as important purchasing factors.

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.