Fashion market in Hungary
Market development
eCommerce revenue development in the Fashion market in Hungary
The Hungarian Fashion eCommerce market is predicted to reach US$855.4 million by 2024 and accounts for 16.9% of the total eCommerce market in Hungary. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 2.6%, resulting in a projected market volume of US$949.6 million by 2028. Within the Fashion market ECDB considers the following three sub-markets: Apparel, Footwear, and Bags & Accessories.
eCommerce revenue development in the Fashion market in Hungary
eCommerce revenue growth in the Fashion market in Hungary
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 58.8 | 45.5 | 13.5 | 7.3 | 18.0 | 11.1 | 96.1 | 27.4 |
Top stores
Top five Fashion online stores in Hungary by net sales 2023
With sales in the Hungarian Fashion market, bonprix.hu generated a revenue of US$52.6 million in 2023, which means it is the leading online store in this market. The Fashion ranking of Hungary is based on all online stores that generated sales in this market in 2023. Due to a country- and category-dependent approach, both national and international online stores can be part of the ranking. The graph shows a filtered revenue. It only includes national sales within the respective market.
eCommerce net sales generated in the Fashion market in Hungary in 2023
| Filtered revenue / share eCommerce net sales refer to the year 2023 | Global revenue eCommerce net sales refer to the year 2023 | Growth eCommerce net sales growth refers to 2023/2022 | |
|---|---|---|---|
US$900.0m 20.7% | US$8,300.0m | 8.3% | |
US$550.0m 12.0% | US$4,600.0m | 12.4% | |
US$470.0m 3.9% | US$1,190.0m | 33.6% | |
US$430.0m 20.6% | US$2,122.0m | 18.0% | |
US$370.0m 20.7% | US$1,814.0m | 12.6% |
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Payment Methods
Top 5 offered payment methods in the Hungarian Fashion market
With 94.7% Mastercard the most commonly offered payment method of all online stores in the Hungarian Fashion eCommerce market in 2023. Like Mastercard VISA with a share of 93.0% and American Express with a share of 45.6% the payment type Cards is the most common used by online retailers in in the Hungarian Fashion eCommerce market in 2023. Other commonly used payment methods in that market are Cash on delivery (Cash on delivery) with 82.5% and PayPal (E-wallets) with 38.6% of stores offering that payment method to the clients.
Top 5 offered payment methods in the Hungarian Fashion market
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Shipping Service Provider
Top 5 offered shipping providers in the Hungarian Fashion market
Despite GLS's dominant position with 74.5% of online stores opting for its services, the Hungarian Fashion eCommerce market in 2023 remains diverse and competitive. Several other shipping service providers, including Magyar Posta, FOXPOST, DPD, and Express One, hold smaller but significant shares, contributing to a dynamic and fragmented market.
Top 5 offered shipping providers in the Hungarian Fashion market
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Market definition
Definition of the Fashion market
Market definition: Fashion The category Fashion encompasses the commercial (B2C) sale of apparel (e.g. jackets, t-shirts, joggers, underwear), footwear (e.g. sneakers, boots, sandals), bags (e.g. handbags, backpacks, suitcases), and accessories (e.g. hats, sunglasses, jewelry, watches) via digital channels. Sport-specific equipment (e.g. climbing shoes, goalkeeper gloves, wetsuits), eye care (e.g. glasses and sunglasses with prescriptions) or beauty care (e.g. make-up, fragrances) are not included in this segment. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Apparel (e.g. jackets, t-shirts, joggers, underwear)
- Footwear (e.g. sneakers, boots, sandals)
- Bags (e.g. handbags, backpacks, suitcases)
- Accessories (e.g. hats, sunglasses, jewelry, watches)
Out-of-scope
- Sport-specific equipment (e.g. climbing shoes, goalkeeper gloves, wetsuits)
- Eye care (e.g. glasses and sunglasses with prescriptions)
- Beauty care (e.g. make-up, fragrances)
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