Hungary: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in Hungary

The Hungarian blood-grouping reagents market soared to $X in 2022, picking up by 22% against the previous year. In general, consumption, however, showed a abrupt decrease. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Blood-Grouping Reagents Production in Hungary

In value terms, blood-grouping reagents production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 18% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Blood-Grouping Reagents Exports

Exports from Hungary

In 2022, the amount of blood-grouping reagents exported from Hungary soared to X tons, growing by 86% compared with 2021 figures. Over the period under review, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 59,000%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, blood-grouping reagents exports amounted to $X in 2022. In general, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2017 when exports increased by 121,585%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Serbia (X kg), Turkey (X kg) and India (X kg) were the main destinations of blood-grouping reagents exports from Hungary, with a combined 80% share of total exports. China, Switzerland and Sri Lanka lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +71.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for blood-grouping reagents exported from Hungary were Turkey ($X), Switzerland ($X) and Serbia ($X), with a combined 71% share of total exports. India, China and Sri Lanka lagged somewhat behind, together accounting for a further 29%.

Among the main countries of destination, China, with a CAGR of +93.7%, recorded 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

In 2022, the average blood-grouping reagents export price amounted to $X per ton, declining by -44.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 4,705% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 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 Switzerland ($X per ton), while the average price for exports to Serbia ($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 Thailand (+20,131.1%), while the prices for the other major destinations experienced more modest paces of growth.

Blood-Grouping Reagents Imports

Imports into Hungary

In 2022, overseas purchases of blood-grouping reagents were finally on the rise to reach X tons after four years of decline. Overall, imports saw a slight expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 71% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, blood-grouping reagents imports soared to $X in 2022. Over the period under review, imports, however, recorded a slight slump. The pace of growth appeared the most rapid in 2014 when imports increased by 27%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Spain (X tons) and Switzerland (X tons) were the main suppliers of blood-grouping reagents imports to Hungary, with a combined 97% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +20.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest blood-grouping reagents suppliers to Hungary were Germany ($X), Spain ($X) and Switzerland ($X), with a combined 93% share of total imports.

In terms of the main suppliers, Switzerland, with a CAGR of +15.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average blood-grouping reagents import price stood at $X per ton in 2022, increasing by 1.5% against the previous year. Overall, the import price, however, recorded a pronounced setback. The growth pace was the most rapid in 2019 an increase of 22% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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