In 2022, Lidl achieved a revenue of 3.1 billion euros, making it the largest retail chain in the fast-moving consumer goods (FMCG) industry in Hungary. Its biggest competitor was Spar with a revenue of nearly 2.3 billion euros in the same year.
Grocery shopping in Hungary
According to the findings of a survey conducted in 2021, nearly half of Hungarian respondents stated that they used to shop two to three times a week before the outbreak of the coronavirus (COVID-19) pandemic. However, during the first wave of the virus, over 50 percent of surveyed Hungarians went grocery shopping once a week. When it comes to the most affordable retail chain, Hungarian consumers perceived Lidl's pricest to be the lowest as of 2022.
Online grocery shopping in Hungary
Even though the e-commerce market is already established in Hungary, the trend of online grocery shopping is still on the rise with more and more retail chains providing with the possibility of online ordering and home delivery, especially since the coronavirus (COVID-19) outbreak. As of February 2021, approximately a third of Hungarians had ordered groceries over the internet. At the same time, online grocery shopping was more popular with men than women as 38 and 28 percent of them had used the web for this purpose, respectively.
Gross annual revenue of the largest FMCG retail chains in Hungary from 2017 to 2022
(in million euros)
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Trade magazin. (May 1, 2023). Gross annual revenue of the largest FMCG retail chains in Hungary from 2017 to 2022 (in million euros) [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1100362/hungary-turnover-of-the-largest-fmcg-retail-chains/
Trade magazin. "Gross annual revenue of the largest FMCG retail chains in Hungary from 2017 to 2022 (in million euros)." Chart. May 1, 2023. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1100362/hungary-turnover-of-the-largest-fmcg-retail-chains/
Trade magazin. (2023). Gross annual revenue of the largest FMCG retail chains in Hungary from 2017 to 2022 (in million euros). Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1100362/hungary-turnover-of-the-largest-fmcg-retail-chains/
Trade magazin. "Gross Annual Revenue of The Largest Fmcg Retail Chains in Hungary from 2017 to 2022 (in Million Euros)." Statista, Statista Inc., 1 May 2023, https://www.statista.com/statistics/1100362/hungary-turnover-of-the-largest-fmcg-retail-chains/
Trade magazin, Gross annual revenue of the largest FMCG retail chains in Hungary from 2017 to 2022 (in million euros) Statista, https://www.statista.com/statistics/1100362/hungary-turnover-of-the-largest-fmcg-retail-chains/ (last visited October 30, 2024)
Gross annual revenue of the largest FMCG retail chains in Hungary from 2017 to 2022 (in million euros) [Graph], Trade magazin, May 1, 2023. [Online]. Available: https://www.statista.com/statistics/1100362/hungary-turnover-of-the-largest-fmcg-retail-chains/