Industry Statistics and Rankings
How does this industry perform in Hungary compared to Europe?
Country Benchmarking
Industry Data Hungary
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#15 In EuropeBusiness
#9 In EuropeEmployees
#9 In EuropeWages
#15 In EuropeOver the five years through 2024, second-hand stores’ revenue is expected to inch downwards at a compound annual rate of 3.9%. The resale fashion market isn’t new. Initially viewed as just charity or thrift shops, consumer attitudes towards second-hand goods have shifted thanks to the sharing economy and Gen Z becoming a larger voice in the retail market. Interest in preloved goods has skyrocketed thanks to heightened environmental concerns and the ethical impacts of fashion – particularly fast fashion. The pandemic has also helped second-hand retailers, as many Europeans cleared out of their wardrobes during lockdowns, meaning additional donations and inventory for stores.
Enterprises
Number of businesses in 2024
Biggest companies in the Second-Hand Goods Retailing in Hungary
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Second-Hand Goods Retailing in Hungary industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Second-Hand Goods Retailing industry in Hungary in 2024?
The market size of the Second-Hand Goods Retailing industry in Hungary is €158.4m in 2024.
How many businesses are there in the Second-Hand Goods Retailing in Hungary industry in 2024?
There are 2,792 businesses in the Second-Hand Goods Retailing industry in Hungary, which has grown at a CAGR of 0.1 % between 2019 and 2024.
Has the Second-Hand Goods Retailing industry in Hungary grown or declined over the past 5 years?
The market size of the Second-Hand Goods Retailing industry in Hungary has been declining at a CAGR of 7.6 % between 2019 and 2024.
What is the forecast growth of the Second-Hand Goods Retailing industry in Hungary over the next 5 years?
Over the next five years, the Second-Hand Goods Retailing industry in Hungary is expected to grow.
What does the Second-Hand Goods Retailing in Hungary include?
Clothing and footwear and Accessories are part of the Second-Hand Goods Retailing industry.
How competitive is the Second-Hand Goods Retailing industry in Hungary?
The level of competition is high and steady in the Second-Hand Goods Retailing industry in Hungary.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Department Stores in Hungary
- Clothing, Footwear & Leather Goods Retailing in Hungary
- E-Commerce in Hungary
Complementors
- Clothing, Textiles & Footwear Wholesaling in Hungary
Table of Contents
About this industry
Industry definition
Second-hand goods stores collect or purchase used merchandise and sell it on to consumers. The industry excludes pawnshops, used car retailers and retailers selling second-hand parts for automobiles, recreational vehicles, motorcycles and boats.
Related Terms
THRIFTINGENVIRONMENTAL CONSCIOUSNESS ANTIQUEWhat's included in this industry?
Clothing and footwearAccessoriesFurniture and electronicsHomeware and soft furnishingsMiscellaneous items and delivery feesCompanies
Industry Code
4774 - Retail sale of second-hand goods in Hungary
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Second-Hand Goods Retailing in Hungary industry?
Outlook
Analysis
What's driving the Second-Hand Goods Retailing in Hungary industry outlook?
Volatility
Analysis
What influences volatility in the Second-Hand Goods Retailing in Hungary industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Second-Hand Goods Retailing in Hungary industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Gen Z and millennials increasingly turn to the second-hand market. Eco-consciousness is high in these age brackets, incentivising them to shop second hand. Affordability and the desire to curate unique looks also encourages them to bring in charity shop hauls.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Second-Hand Goods Retailing in Hungary industry's products and services performing?
Analysis
What are innovations in the Second-Hand Goods Retailing in Hungary industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Second-Hand Goods Retailing in Hungary industry?
International Trade
Highlights
- Total Imports into Hungary
- Total Exports into Hungary
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Wide product ranges keep market share concentration low. Second-hand stores are a utopia for collectors, with shops often selling various items – from clothing and footwear to furniture and electronics. The diversity makes it challenging to have a cohesive shopping brand.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Second-Hand Goods Retailing in Hungary located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Minimal regulations cover second-hand retailers. Second-hand goods retailers don't need to be registered, but all products must meet safety and labelling requirements. Most legislation applies to the broader retail sector and is easy to comply with.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Second-Hand Goods Retailing in Hungary industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Profit depends on the business structure and type of retailer. A lot of second-hand goods stores are charities, operating on a not-for-profit basis, so their margin is practically non-existent, bring the average margin down.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Second-Hand Goods Retailing in Hungary industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
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