Second-Hand Market Protects Environment, Says Report

  • 23 Aug 2018 8:38 AM
  • Budapest Business Journal
Second-Hand Market Protects Environment, Says Report
Private ads portal has released its sustainability report, which shows that even a small second-hand products market such as Hungaryʼs is able to significantly reduce the countryʼs carbon emission footprint. Users of reduced CO2 emissions equivalent to vehicle traffic in Budapest for 45 days.

According to a press release, users of most often exchange clothes and mobile phones. The most sold and bought products are womenʼs clothes, followed by kidsʼ clothes, womenʼs shoes, mobile phones, and menʼs clothing.

Statistics show that last year users of potentially saved 0.2 million tons of greenhouse gas emissions and 9,756 tons of plastic.

This is the equivalent of all traffic standing still in Budapest for two months and the plastic needed to produce 1.4 billion plastic bags, says the report, which shows that the Second Hand Effect actually reduces our carbon footprint and consumption of materials.

The calculations are based on the assumption that each sold used product replaces the production of a new equivalent product. By analyzing products sold on the site, the report calculated the amount of material needed for products and extrapolated data based on recalculation into the equivalent in emissions of greenhouse gases.

Unsurprisingly, the car category saved the largest amount of materials and greenhouse gases by far on in 2017.  This is due to the fact that cars and other vehicles are complex products and producing them demands a lot of energy and materials.

More findings of the report are available here.

  • How does this content make you feel?

XpatLoop Media Partner

Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

Explore More Reports

  • Online Stores Take Growing Slice of Fashion Market In Hungary

    Online Stores Take Growing Slice of Fashion Market In Hungary

    • 4 Apr 2019 9:05 AM

    When shopping for clothes, most people in Hungary still prefer traditional shops; indeed, last year, turnover grew to more than HUF 550 billion in fashion retail stores. However, traffic in online stores is growing significantly faster. According to a recently published research, the market share of online retailers could reach 28% by 2022.

  • WAMP: ’Design In The City’ @ Erzsébet Square, 22 April

    WAMP: ’Design In The City’ @ Erzsébet Square, 22 April

    • 20 Apr 2018 9:11 AM

    At 22 April on Earth’s Day WAMP will launch its open air season at Erzsébet square with the latest spring/summer collections of the best Hungarian designers. It is already the 48th – in Hungary the 28th – time that the Earth Day Network calls for us to act together for our environment, and there is still a lot we can all do.