Eastern Europe: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Eastern Europe

In 2022, after two years of growth, there was decline in the East European medical gel preparations market, when its value decreased by -3.2% to $X. The total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Medical Gel Preparations Production in Eastern Europe

In value terms, medical gel preparations production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 21% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Medical Gel Preparations Exports

Exports in Eastern Europe

For the sixth consecutive year, Eastern Europe recorded growth in shipments abroad of gel preparations for human or veterinary medicine, which increased by 2.9% to X tons in 2022. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 41% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, medical gel preparations exports surged to $X in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2015 with an increase of 145% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Hungary represented the major exporter of gel preparations for human or veterinary medicine in Eastern Europe, with the volume of exports accounting for X tons, which was near 65% of total exports in 2022. The Czech Republic (X tons) held the second position in the ranking, followed by Russia (X tons) and Bulgaria (X tons). All these countries together held approx. 26% share of total exports. Ukraine (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to medical gel preparations exports from Hungary stood at +8.4%. At the same time, Ukraine (+34.0%), Bulgaria (+17.9%), the Czech Republic (+16.7%), Russia (+10.9%) and Poland (+7.7%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +34.0% from 2012-2022. The Czech Republic (+4.8 p.p.), Ukraine (+3.8 p.p.) and Bulgaria (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while Hungary saw its share reduced by -10.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bulgaria ($X) emerged as the largest medical gel preparations supplier in Eastern Europe, comprising 44% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 17% share of total exports. It was followed by Hungary, with a 9.4% share.

In Bulgaria, medical gel preparations exports expanded at an average annual rate of +41.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+16.7% per year) and Hungary (+15.0% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, surging by 104% against the previous year. Overall, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2015 when the export price increased by 126% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+20.2%), while the other leaders experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports in Eastern Europe

In 2022, supplies from abroad of gel preparations for human or veterinary medicine increased by 11% to X tons, rising for the fifth year in a row after two years of decline. Overall, imports saw a buoyant increase. The pace of growth was the most pronounced in 2015 when imports increased by 128% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, medical gel preparations imports rose notably to $X in 2022. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 58%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Poland (X tons) was the largest importer of gel preparations for human or veterinary medicine, constituting 38% of total imports. It was distantly followed by the Czech Republic (X tons), Romania (X tons), Ukraine (X tons) and Hungary (X tons), together mixing up a 42% share of total imports. The following importers - Belarus (X tons) and Bulgaria (X tons) - each resulted at an 8.5% share of total imports.

Poland was also the fastest-growing in terms of the gel preparations for human or veterinary medicine imports, with a CAGR of +22.4% from 2012 to 2022. At the same time, the Czech Republic (+18.5%), Bulgaria (+12.6%), Belarus (+12.2%), Romania (+9.4%) and Hungary (+7.3%) displayed positive paces of growth. Ukraine experienced a relatively flat trend pattern. From 2012 to 2022, the share of Poland and the Czech Republic increased by +23 and +7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest medical gel preparations importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Hungary ($X), with a combined 59% share of total imports. Romania, Belarus, Bulgaria and Ukraine lagged somewhat behind, together accounting for a further 26%.

Belarus, with a CAGR of +16.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, reducing by -2.3% against the previous year. Over the period under review, the import price recorded a noticeable slump. The pace of growth was the most pronounced in 2017 an increase of 22%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belarus ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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