Hungary: Market for Hormones, Prostaglandins, Thromboxanes And Leukotrienes 2023

Market Size for Hormones, Prostaglandins, Thromboxanes And Leukotrienes in Hungary

The Hungarian market for hormones, prostaglandins, thromboxanes and leukotrienes soared to $X in 2021, rising by 27% against the previous year. In general, consumption, however, recorded a abrupt setback. Hormones, prostaglandins, thromboxanes and leukotrienes consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Hormones, Prostaglandins, Thromboxanes And Leukotrienes in Hungary

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 37% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Exports from Hungary

In 2021, shipments abroad of hormones, prostaglandins, thromboxanes and leukotrienes decreased by -26.4% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, exports, however, recorded a modest increase. The most prominent rate of growth was recorded in 2017 with an increase of 73% against the previous year. The exports peaked at X tons in 2020, and then declined sharply in the following year.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes exports dropped modestly to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 13%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X tons), the United States (X kg) and Iran (X kg) were the main destinations of hormones, prostaglandins, thromboxanes and leukotrienes exports from Hungary, together comprising 55% of total exports. These countries were followed by Germany, France, Belgium, Japan, China and South Korea, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +14.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and the United States ($X) constituted the largest markets for hormones, prostaglandins, thromboxanes and leukotrienes exported from Hungary worldwide, together accounting for 57% of total exports.

China, with a CAGR of +16.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for hormones, prostaglandins, thromboxanes and leukotrienes amounted to $X per kg, with an increase of 32% against the previous year. Overall, the export price showed a mild expansion. The most prominent rate of growth was recorded in 2016 an increase of 63%. As a result, the export price attained the peak level of $X per kg. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Japan ($X per kg), while the average price for exports to Romania ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Imports into Hungary

In 2021, purchases abroad of hormones, prostaglandins, thromboxanes and leukotrienes increased by 86% to X tons, rising for the second year in a row after two years of decline. Overall, imports posted a prominent expansion. The growth pace was the most rapid in 2017 when imports increased by 104%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes imports expanded modestly to $X in 2021. In general, imports enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 78%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Austria (X tons) and Italy (X kg) were the main suppliers of hormones, prostaglandins, thromboxanes and leukotrienes imports to Hungary, with a combined 88% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +448.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hormones, prostaglandins, thromboxanes and leukotrienes suppliers to Hungary were Austria ($X), Germany ($X) and China ($X), with a combined 79% share of total imports.

Austria, with a CAGR of +282.6%, saw the highest rates of growth with regard to the value of imports, in terms of 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 import price for hormones, prostaglandins, thromboxanes and leukotrienes stood at $X per kg in 2021, with a decrease of -44.6% against the previous year. Overall, the import price recorded a abrupt descent. The growth pace was the most rapid in 2014 when the average import price increased by 102%. As a result, import price attained the peak level of $X per kg. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per kg), while the price for Belgium ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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