Market Monitor Food Hungary 2016

Market Monitor

  • Macaristan
  • Gıda

02 Ara 2016

Gearing of food businesses is generally high, and can be a significant risk for companies with weak profitability and focus on the domestic market.

  • The food and beverage industry is one of the most important sectors of the Hungarian economy. It is the second-largest employer and the third-biggest producer in the manufacturing sector, accounting for more than 10% of industrial output. Food export revenues are a significant contributor to Hungary´s overall trade surplus.
  • Hungary´s food sector is expected to grow 3.3% in 2016 and 2.4% in 2017. Exports have emerged as the main driving force of the industry. The main export products are fruits and vegetables, meat and dairy products, with over 90% of exports bound for the European Union. However, the high export exposure makes the sector susceptible to global volatility.
  • While profitability of food businesses has increased in 2015 and remained stable in 2016, it still remains low compared to other Hungarian industries. One of the main challenges in the domestic market is the overall high tax burden that dampens household consumption.
  • The average payment duration in the Hungarian food industry is 60 days. The number of protracted payments, non-payments and insolvency cases has remained stable over the last six months, and no increase is expected in the coming months. However, the food sector´s insolvency rate (3.5% for food and beverage producers in 2015) is still above average compared to other Hungarian industries (2.7% in 2015). Financial gearing of Hungarian food businesses is generally high, and can be a significant risk for businesses with weak profitability.
  • Our underwriting stance remains generally open, as food turnover is expected to increase further and business proftability remains adequate.

İlgili dökümanlar

Yasal Uyarı

Buradaki beyanlar yalnızca genel bilgi sağlama amacını taşımakta olup hiçbir amaç için güvenilmemelidir. Tabi olduğu koşullar için lütfen gerçek ilkeye ya da ilgili ürün veya hizmet anlaşmasına başvurun. Buradaki hiçbir unsur, alıcılara dair ya da sizin adınıza gerekli özenin gösterilmesi yükümlülüğü dahil Atradius tarafında hiçbir hak, yükümlülük, tavsiye ya da sorumluluk oluşturduğu şeklinde yorumlanamaz. Atradius, herhangi bir alıcı hakkında detaylı durum tespiti yaparsa, bu, sigortalı ya da başka birilerinin menfaati için değil, kendi sigortalama prensipleri doğrultusundadır. Ayrıca, hiçbir durumda Atradius ve hiçbir bağlı ortaklık ve yan kuruluşu buradaki beyanlarda bulunan bilgilerin kullanımından kaynaklanan doğrudan, dolaylı, özel, arızi ya da nihai zarardan sorumlu olmayacaktır.