Hungary - Artificial Parts Of The Body (Excl. Artificial Teeth And Dental Fittings And Artificial Joints) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOrthopedic Prosthetics Price in Hungary - 2023
Contents:
- Orthopedic Prosthetics Price in Hungary (FOB) - 2023
- Orthopedic Prosthetics Price in Hungary (CIF) - 2022
- Orthopedic Prosthetics Exports in Hungary
- Orthopedic Prosthetics Imports in Hungary
Orthopedic Prosthetics Price in Hungary (FOB) - 2023
In July 2023, the average orthopedic prosthetics export price amounted to $18.1 per unit, surging by 66% against the previous month. In general, export price indicated strong growth from July 2022 to July 2023: its price increased at an average monthly rate of +5.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, orthopedic prosthetics export price increased by +22.5% against April 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Iran ($38.8 per unit), while the average price for exports to Thailand ($6.5 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.
Orthopedic Prosthetics Price in Hungary (CIF) - 2022
In 2022, the average orthopedic prosthetics import price amounted to $7.1 per unit, jumping by 28% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $7.8 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($23 per unit), while the price for Hong Kong SAR ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Orthopedic Prosthetics Exports in Hungary
In 2022, orthopedic prosthetics exports from Hungary skyrocketed to 2.3M units, growing by 16% on the year before. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, orthopedic prosthetics exports rose significantly to $23M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Orthopedic Prosthetics in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4,630 | 3,191 | 3,849 | 3,409 | -9.7% |
| Vietnam | 798 | 700 | 917 | 2,652 | 49.2% |
| Czech Republic | 454 | 537 | 661 | 1,602 | 52.2% |
| France | 1,421 | 1,013 | 1,290 | 1,427 | 0.1% |
| Spain | 1,028 | 637 | 1,016 | 1,382 | 10.4% |
| Romania | 558 | 500 | 913 | 1,027 | 22.5% |
| Saudi Arabia | 226 | 370 | 513 | 796 | 52.1% |
| Thailand | 671 | 580 | 439 | 722 | 2.5% |
| China | 982 | 166 | 621 | 595 | -15.4% |
| Russia | N/A | 20.0 | 327 | 442 | 370.1% |
| Pakistan | 137 | 235 | 309 | 348 | 36.4% |
| United Arab Emirates | 48.7 | 34.2 | 55.5 | 278 | 78.7% |
| United Kingdom | 174 | 95.8 | 255 | 261 | 14.5% |
| Others | 5,982 | 7,747 | 9,478 | 8,336 | 11.7% |
| Total | 17,111 | 15,825 | 20,644 | 23,276 | 10.8% |
Top Export Markets for Orthopedic Prosthetics from Hungary in 2022:
- Romania (388.1K units)
- Vietnam (259.4K units)
- Germany (159.7K units)
- Thailand (136.0K units)
- France (92.3K units)
- Pakistan (92.0K units)
- China (91.7K units)
- Russia (86.0K units)
- Saudi Arabia (78.2K units)
- Czech Republic (69.0K units)
- Spain (58.2K units)
- United Arab Emirates (55.9K units)
- United Kingdom (52.3K units)
Orthopedic Prosthetics Imports in Hungary
For the third year in a row, Hungary recorded decline in supplies from abroad of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints), which decreased by -22.2% to 2.5M units in 2022. In general, imports saw a abrupt contraction. The smallest decline of -9.5% was in 2020. Imports peaked at 4.2M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, orthopedic prosthetics imports contracted to $18M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 7.2% against the previous year. As a result, imports attained the peak of $18M, leveling off in the following year.
| Import of Orthopedic Prosthetics in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.0 | 3.1 | 4.5 | 4.3 | 12.7% |
| Germany | 3.9 | 5.5 | 4.3 | 4.2 | 2.5% |
| Belgium | 3.7 | 2.9 | 3.2 | 2.5 | -12.3% |
| Czech Republic | 0.4 | 0.5 | 0.8 | 1.8 | 65.1% |
| France | 0.6 | 0.5 | 0.6 | 0.6 | 0.0% |
| United Kingdom | 0.7 | 0.3 | 0.7 | 0.5 | -10.6% |
| Austria | 0.6 | 0.2 | 0.5 | 0.5 | -5.9% |
| Spain | N/A | N/A | 0.2 | 0.4 | 100.0% |
| Turkey | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Ireland | 0.8 | 0.5 | N/A | 0.2 | -37.0% |
| China | N/A | 0.3 | 0.3 | 0.1 | -42.3% |
| Hong Kong SAR | N/A | 0.1 | N/A | N/A | 0% |
| Others | 1.8 | 2.5 | 2.5 | 2.4 | 10.1% |
| Total | 15.6 | 16.6 | 17.8 | 17.7 | 4.3% |
Top Suppliers of Orthopedic Prosthetics to Hungary in 2022:
- Germany (663.9K units)
- Austria (554.2K units)
- Czech Republic (286.8K units)
- Netherlands (181.7K units)
- Belgium (161.7K units)
- Turkey (120.3K units)
- Spain (76.0K units)
- United Kingdom (68.5K units)
- France (59.9K units)
- Hong Kong SAR (43.5K units)
- China (41.3K units)
- Ireland (29.5K units)
This report provides an in-depth analysis of the orthopedic prosthetics 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 32502290 - Artificial parts of the body (excluding artificial teeth and dental fittings, artificial joints, orthopaedic and fracture appliances, h eart pacemakers)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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