The prediction takes into account the country’s rising trends over the previous years starting from 2001, and the 2014 prediction means a 22.5% increase over 2013 (EUR 626 million), according to intelligence issued by the consultancy firm eNet, e-commercefacts.com reports.
The study is based in simulation models for macro and micro-economics, as well as general information on the expected economic environment for the period 2014-2018.
The ecommerce’s evolution in Hungary has followed a first period of steady growth from 2001 to 2008, with an online retail trade volume growing from EUR 10 million to EUR 193 million. It reached a peak in 2009 – 2010, when the market doubled. Then, it followed a moderate growth period between 2011 and 2012 to return to steeper growth in 2013.
Check out our Cross-border Ecommerce Research section here for more info on country-specific ecommerce facts and figures, preferred payment methods, risk and fraud, as well as ecommerce legislation and regulation for mature and emerging markets.
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