B2B payment practices trends, Hungary 2024

付款习惯

  • 匈牙利
  • 农业,
  • 食品,
  • 自动化/交通,
  • 一般经济

Companies in our survey of Hungary continue to show a cautious approach to B2B trading on credit in the current challenging economic times.

Key takeaways from the report for Hungary  

The 2024 Payment Practices Barometer survey for Hungary was conducted between the end of Q1 and the beginning of Q2 2024. The findings should therefore be viewed with this in mind.

Trade credit caution amid challenging economic landscape

  • A relatively cautious approach to B2B trading on credit is evident among Hungarian companies. Only 44% of B2B sales are currently being made on credit across all sectors, while there is a significant decline to just 34% of sales on credit in the transport industry.
     
  • Payment policies are generally stable with 62% of businesses reporting no change during the past year. The average payment term stands at three months from invoicing, but the terms are much stricter in the transport sector at 30 days from invoicing. Late payments currently affect an average 51% of all B2B sales on credit among companies in Hungary while bad debts stands at 7% of all B2B sales. 

Widespread worry about profitability and competitive jobs market

  • The most pressing worry for companies in our survey of Hungary is the increasing emphasis on adopting sustainable business practices and adhering to environmental regulations. This is most acutely felt in the agri-food and transport sectors.
     
  • Another notable concern reported by Hungarian businesses is difficulty in attracting and retaining skilled talent for their workforce. The skills gap is exacerbated by a competitive jobs market, and poses significant barriers to growth and efficiency. 64% of companies in Hungary tell us they anticipate a rise in demand for their products and services, notably in the agri-food and transport industries. 32% of businesses expect no change and the only negativity is found in the energy-fuels sector.

The Atradius Payment Practices Barometer is an annual survey of business-to-business (B2B) payment practices in markets across the world. Its findings can give valuable insights into the current dynamics of corporate payment behaviour in B2B trade. It can also help companies doing business, or planning to do so, in the markets polled to identify emerging future trends in the payment practices of B2B customers. 

Interested in finding out more? 

For a complete overview of the 2024 survey results for Hungary and Central and Eastern Europe, please download the full reports available in the related documents section below. 

All content on this page is subject to our Disclaimer, available here

免责声明

Each publication available on or from our websites, such as, but not limited to webpages, reports, articles, publications, tips and helpful content, trading briefs, infographics, videos (each a “Publication”) is provided for information purposes only and is not intended as a recommendation or advice as to particular transactions, investments or strategies in any way to any reader. Readers must make their own independent decisions, commercial or otherwise, regarding the information provided. While we have made every attempt to ensure that the information contained in any Publication has been obtained from reliable sources, Atradius is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in any Publication is provided ’as is’, with no guarantee of completeness, accuracy, timeliness or of the results obtained from its use, and without warranty of any kind, express or implied. In no event will Atradius, its related partnerships or corporations, or the partners, agents or employees thereof, be liable to you or anyone else for any decision made or action taken in reliance on the information in any Publication, or for any loss of opportunity, loss of profit, loss of production, loss of business or indirect losses, special or similar damages of any kind, even if advised of the possibility of such losses or damages.