Hungary: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in Hungary

In 2022, the Hungarian ophthalmic instruments market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Ophthalmic Instruments Exports

Exports from Hungary

In 2022, approx. X units of ophthalmic instruments and appliances were exported from Hungary; with an increase of X% compared with 2021 figures. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, ophthalmic instruments exports skyrocketed to $X in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Romania (X units), the Czech Republic (X units) and Switzerland (X units) were the main destinations of ophthalmic instruments exports from Hungary, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) remains the key foreign market for ophthalmic instruments and appliances exports from Hungary, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an X% share of total exports. It was followed by Croatia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Croatia (X% per year).

Export Prices by Country

In 2022, the average ophthalmic instruments export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in years to come.

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 Romania ($X per unit), while the average price for exports to Iraq ($X per unit) was amongst the lowest.

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

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Ophthalmic Instruments Imports

Imports into Hungary

In 2022, imports of ophthalmic instruments and appliances into Hungary declined slightly to X units, approximately mirroring 2021. In general, imports continue to indicate a mild contraction. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, ophthalmic instruments imports amounted to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

France (X units), Belgium (X units) and Italy (X units) were the main suppliers of ophthalmic instruments imports to Hungary, together accounting for X% of total imports. The Czech Republic, Vietnam, the United States, the UK, the Netherlands, Germany, China and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) constituted the largest ophthalmic instruments suppliers to Hungary, with a combined X% share of total imports. The United States, Vietnam, Belgium, South Korea, the Czech Republic, Italy, China and the UK lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average ophthalmic instruments import price amounted to $X per unit, growing by X% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price 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. Based on 2022 figures, ophthalmic instruments import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 ($X per unit), while the price for Italy ($X 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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