Hungary: Wine prices and exports surge, driven by rising demand for white varieties

The domestic selling price of wine in Hungary has increased by 7 percent in the first nine months of the year, with higher quality wines seeing up to a 15 percent increase. The average selling price of Tokaj white wines remained roughly the same, while red and rosé wines from Eger saw a 5 percent increase. The export price of Hungarian wines also rose by 5 percent. Hungary's wine external trade balance was positive in both volume and value between January and July, with a 26 percent increase in bottled wine shipments.

In the nine months so far this year, the domestic selling price of domestic wine has risen by 7 percent to HUF 31,700 (EUR 1 = HUF 407) per hectoliter (1 hectoliter = 100 liters) compared to the same period last year, the Institute of Agricultural Economics (AKI) said. Among the higher quality wines with geographical indications, the processing price of white wines rose by almost 13 percent to HUF 30,200 per hectoliter, while the price of red and rosé wines increased by almost 15 percent to HUF 36,700 per hectoliter. In the same period, the export price of Hungarian wines increased by 5 percent to HUF 30,300, while the selling price of white wines with geographical indications rose by 4 percent to HUF 26,400 per hectoliter, Világgazdaság wrote. Among the wines with protected designation of origin, the average domestic selling price of Tokaj (northeastern Hungary) white wines was HUF 148,100 per hectoliter, not significantly changed between January and September 2024 compared to ...