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Higher Pine Tree Prices Not Deterring Demand in Hungary

• 21 Dec 2021 11:26 AM
• Budapest Business Journal

The 10-20% increase in the price of pine trees expected for this year's Advent will not cause a significant change in shopping habits, as 54% of buyers are still interested in Nordic pine, according to a survey conducted by agroinform.hu.

Some 26% of the respondents plan to purchase a Christmas tree for an amount higher than HUF 7,000-10,000, and another 23% for more than HUF 10,000.

According to the forecast of the Interprofessional Organization of Hungarian Ornamental Gardeners, pine prices will increase by 10-20% in December this year compared to last year, including spruce by HUF 4,000-5,000, silver pine by HUF 5,000-6,000, and Nordmann pines for about HUF 7,000 per meter.

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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.

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