Fashion market in Hungary
The Hungarian Fashion eCommerce market is predicted to reach US$713.0 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 1.3%, resulting in a projected market volume of US$750.7 million by 2028. Within the Fashion market ECDB considers the following three sub-markets: Apparel, Footwear, and Bags & Accessories.
Monthly revenues
Monthly eCommerce revenues in the Hungarian Fashion market
The monthly eCommerce revenue of the Hungarian Fashion market was US$64 million in October 2024. This refers to a growth of 22.8% compared to September 2024. Within the last 12 months, the monthly revenue share was the highest in November 2023 with 11.6% of the total 2023 revenue of the Hungarian Fashion market and the lowest in August 2024 with 7.2% of the total 2024 revenue.
Revenue Last Month
US$64.1m
The eCommerce revenue grew by 22.8% from September 2024 to October 2024.
Monthly revenue shares in the last 12 months
0-2024 | 1-2024 | 2-2024 | 3-2024 | 4-2024 | 5-2024 | 6-2024 | 7-2024 | 8-2024 | 9-2024 | 10-2024 | 11-2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Monthly revenue share (in %) | 35.7 | 17.5 | 69.8 | 10.9 | 26.2 | 96.9 | 41.9 | 82.0 | 91.0 | 67.3 | 99.1 | 43.7 |
Market development
eCommerce revenue development in the Fashion market in Hungary
The Hungarian Fashion eCommerce market is predicted to reach US$713.0 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 1.3%, resulting in a projected market volume of US$750.7 million by 2028. Within the Fashion market ECDB considers the following three sub-markets: Apparel, Footwear, and Bags & Accessories.
eCommerce revenue development in the Fashion market in Hungary
eCommerce revenue growth in the Fashion market in Hungary
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 74.9 | 68.2 | 9.5 | 49.6 | 73.1 | 0.7 | 3.9 | 0.5 |
Top stores
Top five Fashion online stores in Hungary by net sales 2023
With sales in the Hungarian Fashion market, shein.com generated a revenue of US$122.6 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 94.6% 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 92.9% and American Express with a share of 46.4% 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 82.1% and PayPal (E-wallets) with 39.3% 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
With 74.2% of all online retailers using GLS the most common shipping service provider in the Hungarian Fashion eCommerce market in 2023 closely followed by Magyar Posta, utilized by 53.0 of online retailers. Other shipping service providers, including DPD, Express One, and FOXPOST, are employed by a significantly smaller proportion of online retailers.
Top 5 offered shipping providers in the Hungarian Fashion market
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Shop Software Solutions
Top 5 used shop software solutions in the Hungarian Fashion market
Although ShopRenter holds a commanding lead with 15.5% of online stores using the shop software solution, the Hungarian Fashion eCommerce market in 2023 remains vibrant and competitive. This is due to the presence of several other shop software solutions, including Unas, WooCommerce, Magento, and PrestaShop, which collectively hold a significant share of the market.
Top 5 used shop software solutions 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)
Select sub-category