Kifli.hu also achieved outstanding results in the slowing market
Based on the first half-year report of GKID, the entire online daily consumer goods market increased by 13.3 percent compared to the same period of the previous year, and Kifli.hu closed at around 40 percent. Despite the slowing market, Kifli.hu grew six times faster than the online market measured without it during the period under review. In terms of growth, domestic online retail had the weakest first half-year performance since 2016 – wrote the analysis company GKID in its recent mid-year Online Retail Flash Report, which Kifli.hu sent to Forbes.hu.
In the first calendar semester between 2018 and 2021, online retail turnover increased year by year, last year it showed a 31.4 percent increase compared to the previous year. In contrast, the period between January and June this year shows only a 14.5 percent increase with its gross turnover of HUF 570 billion. Based on the first half-year report of GKID, the entire online FMCG market (daily consumer goods) increased by 13.3 percent compared to the same period of the previous year, and Kifli closed around 40 percent. Numerically, Kifli grew six times faster than the online market measured without it during the period under review.
The online market for daily consumer goods began to grow enormously in 2020 during the covid epidemic, and this momentum continued into 2021. In the first half of 2022, the uncertainty caused by the war, the increase in the currency exchange rate, the record inflation and the interruption of the supply chains will cause the market to weaken.
Related news
GKID-Mastercard: the momentum of domestic e-commerce seems to be running out, while Chinese webshops are also conquering Hungary
The GKID-Mastercard Digital Commerce Survey reveals a challenging landscape for…
Read more >Rapid digitalisation in pharmacies
This article is available for reading in Trade magazin 2024/5…
Read more >Temu has withdrawn from its aggressive marketing strategy
In recent months, significant changes have taken place in the…
Read more >Related news
KSH: retail turnover increased by 4.2 percent compared to the same period of the previous year, and by 2.0 percent compared to the previous month
According to raw data, the volume of retail sales in…
Read more >Significant increase in retail trade – sector outlook
In March, retail sales volume increased significantly by 2% compared…
Read more >NGM: the recovery of consumption is becoming more and more dynamic, retail turnover increased by 4.2 percent in March, which means that consumption has increased for three consecutive months
Based on the latest data from the Central Statistical Office…
Read more >