Hungary: Antibiotics Market Overview 2020

Antibiotics Market Size in Hungary

The revenue of the antibiotics market in Hungary amounted to $X in 2018, increasing by X% against the previous year. In general, antibiotics consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Over the period under review, the antibiotics market attained its peak figure level at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Antibiotics Production in Hungary

In value terms, antibiotics production stood at $X in 2018 estimated in export prices. Over the period under review, antibiotics production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when production volume increased by X% y-o-y. In that year, antibiotics production reached its peak level of $X. From 2013 to 2018, antibiotics production growth remained at a somewhat lower figure.

Antibiotics Exports

Exports from Hungary

In 2018, the amount of antibiotics exported from Hungary totaled X tonnes, going up by X% against the previous year. In general, antibiotics exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. Over the period under review, antibiotics exports attained their peak figure at X tonnes in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, antibiotics exports stood at $X in 2018. Over the period under review, the total exports indicated a resilient expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, antibiotics exports attained their peak figure at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

China (X tonnes), the UK (X tonnes) and the Czech Republic (X tonnes) were the main destinations of antibiotics exports from Hungary, together comprising X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the UK (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for antibiotics exported from Hungary were China ($X), the U.S. ($X) and the Czech Republic ($X), together comprising X% of total exports. Belgium, Germany, the UK, Canada, Spain, Japan, Indonesia, Egypt and Switzerland lagged somewhat behind, together accounting for a further X terms of the main countries of destination, the UK recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average antibiotics export price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the antibiotics export price continues to indicate a deep decline. The growth pace was the most rapid in 2012 an increase of X% against the previous year. In that year, the average export prices for antibiotics reached their peak level of $X per tonne. From 2013 to 2018, the growth in terms of the average export prices for antibiotics failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($X per tonne), while the average price for exports to the UK ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Antibiotics Imports

Imports into Hungary

In 2018, the imports of antibiotics into Hungary stood at X tonnes, shrinking by -X% against the previous year. Over the period under review, antibiotics imports continue to indicate a drastic decline. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, antibiotics imports reached their maximum at X tonnes in 2014; however, from 2015 to 2018, imports remained at a lower figure.

In value terms, antibiotics imports amounted to $X in 2018. Overall, antibiotics imports continue to indicate an abrupt descent. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, antibiotics imports attained their peak figure at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The Czech Republic (X tonnes), China (X tonnes) and Poland (X tonnes) were the main suppliers of antibiotics imports to Hungary, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the Czech Republic (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of antibiotics to Hungary, comprising X% of total antibiotics imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2018, the average annual growth rate of value from the Czech Republic totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and India (-X% per year).

Import Prices by Country

In 2018, the average antibiotics import price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the antibiotics import price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by X% y-o-y. The import price peaked in 2018 and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was India ($X per tonne), while the price for Poland ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform