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.

Market development

eCommerce revenue development in the Other Accessories market in Hungary

The Hungarian Other Accessories eCommerce market is predicted to reach US$0.5 million by 2024 and accounts for 2.3% of the Fashion Accessories 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 2.7%, resulting in a projected market volume of US$0.6 million by 2028. The Other Accessories eCommerce market is a sub-market of the Fashion Accessories market. Further categories within the Fashion Accessories market are: Belts, Headwear, Scarves & Shawls, Sunglasses, and Wallets & Purses.

eCommerce revenue development in the Other Accessories market in Hungary

in million US$

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

eCommerce revenue growth in the Other Accessories market in Hungary

in %

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

Net eCommerce revenue split by sub-category

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)8.521.767.543.51.787.039.49.3

Market definition

Definition of the Other Accessories market within the Fashion market

Market definition: Fashion > Bags & Accessories > Fashion Accessories > Other Accessories The category Other Accessories includes the online trade of gloves, umbrellas, keychains, and more. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Gloves
  • Umbrellas
  • Keychains
  • Handkerchiefs
  • Ties and neckties
  • Cufflinks

Market comparison

The Hungarian Other Accessories market in a global comparison

Market comparison by growth, online share, and revenue in 2023

in %

Source: ECDB analysis