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Chinese Shoes And Clothing Products Seize Hungary Market

2010/7/9 9:41:00 34

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According to IMF IMF forecast,

Hungary

The economic growth rate will grow to 3% in 2010, and the relative purchasing power of PPP will reach US $21591.

Although Hungary still can not escape the impact of the global financial turmoil in 2009, Hungarian nationals expect the global economic and trade recovery in 2010. The prime minister Mr. Gordon Bajnai, who has just been in office for 1 years, is able to carry out the implementation.

Economic and trade reform

According to Hungarian economic and trade scholars, Hungary's fiscal deficit narrowed to 2.8% of GDP in 2009. It is predicted that fiscal revenue (including EU subsidies) will account for 42.8% of Hungary's GDP in 2010, which will provide a good foundation for the development of Hungary's economic and trade development in 2010.

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.

Under the influence of rapid market opening and foreign investment development, Hungary

Retail

Access 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.