Hungary: Medical Reconstruction Cements Market 2024

Medical Reconstruction Cements Market Size in Hungary

The Hungarian medical reconstruction cements market surged to $X in 2021, jumping by 16% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Medical Reconstruction Cements Production in Hungary

In value terms, medical reconstruction cements production shrank to $X in 2021 estimated in export price. Overall, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 44% against the previous year. Medical reconstruction cements production peaked at $X in 2020, and then contracted in the following year.

Medical Reconstruction Cements Exports

Exports from Hungary

In 2021, overseas shipments of dental cements and bone reconstruction cements were finally on the rise to reach X kg after three years of decline. Overall, exports, however, continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 134% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, medical reconstruction cements exports surged to $X in 2021. In general, exports, however, faced a precipitous contraction. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X kg), Canada (X kg) and Serbia (X kg) were the main destinations of medical reconstruction cements exports from Hungary, together accounting for 70% of total exports. Ukraine, Germany, Albania, Slovakia and Croatia lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +26.0%), while the other leaders experienced mixed trend patterns.

In value terms, Canada ($X), the UK ($X) and Albania ($X) were the largest markets for medical reconstruction cements exported from Hungary worldwide, with a combined 71% share of total exports.

Albania, with a CAGR of +215.9%, recorded 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 medical reconstruction cements export price amounted to $X per ton, with an increase of 43% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medical reconstruction cements export price increased by +75.6% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Albania ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+668.7%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Reconstruction Cements Imports

Imports into Hungary

For the third year in a row, Hungary recorded decline in supplies from abroad of dental cements and bone reconstruction cements, which decreased by -12.4% to X tons in 2021. Overall, imports saw a noticeable slump. The pace of growth appeared the most rapid in 2018 with an increase of 47% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, medical reconstruction cements imports totaled $X in 2021. Over the period under review, imports recorded a noticeable slump. The pace of growth was the most pronounced in 2018 when imports increased by 16%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Austria (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of medical reconstruction cements imports to Hungary, with a combined 80% share of total imports. These countries were followed by the Netherlands, Turkey, South Korea and Poland, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +66.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medical reconstruction cements suppliers to Hungary were Germany ($X), Belgium ($X) and Austria ($X), with a combined 84% share of total imports. These countries were followed by the Netherlands, Poland, South Korea and Turkey, which together accounted for a further 9.9%.

In terms of the main suppliers, Turkey, with a CAGR of +73.4%, saw the highest rates of growth with regard to 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 medical reconstruction cements import price stood at $X per ton in 2021, with an increase of 14% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 21%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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