Report Update: May 1, 2024

Hungary - Composite Diagnostic Or Laboratory Reagents - Market Analysis, Forecast, Size, Trends And Insights

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Composite Laboratory Reagents Price in Hungary - 2023

Composite Laboratory Reagents Price in Hungary (CIF) - 2023

The average composite laboratory reagents import price stood at $144K per ton in June 2023, jumping by 69% against the previous month. Over the period under review, the import price enjoyed resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($630K per ton), while the price for Romania ($31,718 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Composite Laboratory Reagents Price in Hungary (FOB) - 2022

In 2022, the average composite laboratory reagents export price amounted to $16,027 per ton, declining by -15.4% against the previous year. Overall, the export price, however, posted a remarkable increase. The growth pace was the most rapid in 2021 an increase of 101% against the previous year. As a result, the export price attained the peak level of $18,939 per ton, and then contracted dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($38,317 per ton), while the average price for exports to Egypt ($2,675 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Laboratory Reagents Imports in Hungary

In 2022, overseas purchases of composite diagnostic or laboratory reagents decreased by -5.8% to 1.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 31%. As a result, imports reached the peak of 1.8K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, composite laboratory reagents imports fell to $109M in 2022. In general, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 95% against the previous year. As a result, imports reached the peak of $172M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Composite Laboratory Reagents in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	32.5	40.4	37.0	55.7	19.7%
United States	10.2	11.3	8.7	13.9	10.9%
Netherlands	8.5	9.9	8.9	6.4	-9.0%
China	0.3	19.5	3.0	6.4	177.3%
Czech Republic	5.9	4.4	4.9	5.8	-0.6%
Romania	3.9	6.8	5.1	4.8	7.2%
France	2.4	6.7	5.5	3.3	11.2%
Spain	0.7	0.8	23.1	2.3	48.7%
Austria	10.1	12.0	5.7	1.2	-50.8%
Belgium	2.1	2.3	1.2	1.1	-19.4%
Others	11.6	57.6	12.9	8.4	-10.2%
Total	88.2	172	116	109	7.3%

Top Suppliers of Composite Laboratory Reagents to Hungary in 2022:

Germany (751.1 tons)
Romania (123.4 tons)
China (91.6 tons)
Czech Republic (62.6 tons)
Spain (24.7 tons)
Netherlands (17.8 tons)
Belgium (17.5 tons)
France (17.2 tons)
United States (11.7 tons)
Austria (6.3 tons)

Composite Laboratory Reagents Exports in Hungary

In 2022, after three years of growth, there was significant decline in overseas shipments of composite diagnostic or laboratory reagents, when their volume decreased by -9.6% to 6K tons. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year. As a result, the exports reached the peak of 6.6K tons, and then dropped in the following year.

In value terms, composite laboratory reagents exports shrank sharply to $96M in 2022. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 125%. As a result, the exports attained the peak of $125M, and then plummeted in the following year.

Export of Composite Laboratory Reagents in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	3.7	5.1	32.0	12.0	48.0%
United States	4.8	6.1	7.4	8.7	21.9%
Italy	1.5	2.5	3.5	6.6	63.9%
France	3.1	1.0	4.4	5.3	19.6%
Moldova	0.1	0.1	N/A	3.8	236.2%
Czech Republic	1.4	1.4	0.8	1.5	2.3%
Ukraine	0.5	0.9	1.0	1.3	37.5%
India	0.8	1.0	1.4	1.2	14.5%
Russia	2.0	2.4	1.3	1.1	-18.1%
Vietnam	0.6	1.3	1.8	1.0	18.6%
Pakistan	0.3	0.2	0.3	0.3	0.0%
Sudan	N/A	N/A	0.1	0.3	200.0%
Egypt	0.2	0.3	0.3	0.2	0.0%
Others	22.2	33.5	71.1	52.7	33.4%
Total	41.2	55.8	125	95.9	32.5%

Top Export Markets for Composite Laboratory Reagents from Hungary in 2022:

Germany (2141.3 tons)
United States (726.5 tons)
Moldova (374.5 tons)
France (338.1 tons)
Czech Republic (308.7 tons)
India (237.9 tons)
Italy (172.2 tons)
Russia (121.0 tons)
Vietnam (112.5 tons)
Ukraine (96.9 tons)
Sudan (96.1 tons)
Pakistan (95.9 tons)
Egypt (93.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the composite laboratory reagents market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20595210 - Composite diagnostic or laboratory reagents, including paper impregnated or coated with diagnostic or laboratory reagents

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023