After last year’s record year, domestic online stores are facing further strong growth

By: Trademagazin editor Date: 2021. 06. 10. 11:21

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Hungarian webshops closed a record year last year, their combined turnover exceeded 1,000 billion forints for the first time, and by 2025 online retail could expand by as much as one and a half times, Reacty Digital told MTI on Wednesday.

According to the announcement, the net turnover of 1,046 billion HUF measured in 2020 represents a 34 percent increase compared to the net turnover of 781 billion HUF in 2019. Taking into account the growth rate of previous years, this corresponds to roughly two years of expansion. Last year, the share of e-retail reached almost 10 percent of the total retail turnover, ie every tenth forint was spent online by domestic customers. (MTI)