Hungary: First-Aid Kit Market 2024

First-Aid Kit Market Size in Hungary

In 2022, the Hungarian first-aid kit market increased by 9.7% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +15.8% against 2020 indices. First-aid kit consumption peaked in 2022 and is expected to retain growth in years to come.

First-Aid Kit Production in Hungary

In value terms, first-aid kit production contracted slightly to $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 44% against the previous year. First-aid kit production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

First-Aid Kit Exports

Exports from Hungary

In 2022, approx. X tons of first-aid boxes and kits were exported from Hungary; rising by 387% against 2021 figures. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, first-aid kit exports surged to $X in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ukraine (X tons) was the main destination for first-aid kit exports from Hungary, with a 79% share of total exports. Moreover, first-aid kit exports to Ukraine exceeded the volume sent to the second major destination, Romania (X tons), more than tenfold. The third position in this ranking was held by Poland (X tons), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ukraine amounted to +191.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-9.3% per year) and Poland (+29.3% per year).

In value terms, Ukraine ($X) emerged as the key foreign market for first-aid boxes and kits exports from Hungary, comprising 93% of total exports. The second position in the ranking was taken by Romania ($X), with a 1% share of total exports. It was followed by Poland, with a 0.7% share.

From 2012 to 2022, the average annual growth rate of value to Ukraine totaled +240.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-1.5% per year) and Poland (+29.9% per year).

Export Prices by Country

In 2022, the average first-aid kit export price amounted to $X per ton, jumping by 201% against the previous year. In general, the export price posted prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Poland ($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 Ukraine (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

First-Aid Kit Imports

Imports into Hungary

First-aid kit imports into Hungary skyrocketed to X tons in 2022, picking up by 57% against 2021 figures. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 89%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, first-aid kit imports soared to $X in 2022. Over the period under review, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Norway (X tons) were the main suppliers of first-aid kit imports to Hungary, with a combined 84% 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 Norway (with a CAGR of +162.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) constituted the largest supplier of first-aid boxes and kits to Hungary, comprising 63% of total imports. The second position in the ranking was held by Switzerland ($X), with a 13% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Norway totaled +205.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+106.5% per year) and Germany (+7.4% per year).

Import Prices by Country

In 2022, the average first-aid kit import price amounted to $X per ton, rising by 163% against the previous year. Overall, the import price continues to indicate buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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