Hungary: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Hungary

The Hungarian adhesive bandage market declined markedly to $X in 2022, reducing by -16.3% against the previous year. Over the period under review, consumption showed a abrupt contraction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Adhesive Bandage Production in Hungary

In value terms, adhesive bandage production expanded sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 55%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Adhesive Bandage Exports

Exports from Hungary

In 2022, adhesive bandage exports from Hungary rose to X tons, growing by 3.6% on 2021. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 61%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, adhesive bandage exports declined to $X in 2022. Overall, exports recorded resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 67% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank modestly in the following year.

Exports by Country

Denmark (X tons), France (X tons) and Belgium (X tons) were the main destinations of adhesive bandage exports from Hungary, together comprising 51% 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 Belgium (with a CAGR of +255.7%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Denmark ($X) and Belgium ($X) constituted the largest markets for adhesive bandage exported from Hungary worldwide, together comprising 41% of total exports.

Belgium, with a CAGR of +267.5%, 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

The average adhesive bandage export price stood at $X per ton in 2022, shrinking by -7% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 46% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Denmark ($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 the UK (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into Hungary

In 2022, purchases abroad of adhesive bandages decreased by -7.9% to X tons, falling for the third year in a row after two years of growth. Overall, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 69%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, adhesive bandage imports contracted slightly to $X in 2022. Over the period under review, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 70% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X tons), Denmark (X tons) and Germany (X tons) were the main suppliers of adhesive bandage imports to Hungary, together accounting for 79% of total imports. These countries were followed by Poland, Spain, the Netherlands, China and the UK, which together accounted for a further 14%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +77.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of adhesive bandages to Hungary, comprising 47% of total imports. The second position in the ranking was taken by Denmark ($X), with a 22% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+11.2% per year) and Germany (+12.1% per year).

Import Prices by Country

In 2022, the average adhesive bandage import price amounted to $X per ton, rising by 5.1% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, adhesive bandage import price increased by +70.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 41% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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