Hungary: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Hungary

The Hungarian medical gel preparations market soared to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption posted a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Medical Gel Preparations Production in Hungary

In value terms, medical gel preparations production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, saw significant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Medical gel preparations production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Medical Gel Preparations Exports

Exports from Hungary

In 2022, overseas shipments of gel preparations for human or veterinary medicine decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, medical gel preparations exports dropped to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Germany (X tons), Spain (X tons) and Italy (X tons) were the main destinations of medical gel preparations exports from Hungary, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medical gel preparations exported from Hungary were Spain ($X), Germany ($X) and Algeria ($X), together comprising X% of total exports.

Among the main countries of destination, Germany, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Ukraine ($X 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 Algeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Hungary

In 2022, approx. X tons of gel preparations for human or veterinary medicine were imported into Hungary; growing by X% compared with the year before. In general, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, medical gel preparations imports surged to $X in 2022. Overall, imports recorded a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Turkey (X tons), Austria (X tons) and the Netherlands (X tons) were the main suppliers of medical gel preparations imports to Hungary, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Austria ($X) and Germany ($X) constituted the largest medical gel preparations suppliers to Hungary, together accounting for X% of total imports.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medical gel preparations import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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