Hungary: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Hungary

The Hungarian medical gel preparations market skyrocketed to $X in 2022, growing by 28% against the previous year. In general, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.0% against 2020 indices. Medical gel preparations consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Medical Gel Preparations Production in Hungary

In value terms, medical gel preparations production rose markedly to $X in 2022 estimated in export price. Overall, production recorded a significant expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 582% against the previous year. Medical gel preparations production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Medical Gel Preparations Exports

Exports from Hungary

In 2022, after five years of growth, there was decline in shipments abroad of gel preparations for human or veterinary medicine, when their volume decreased by -4% to X tons. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.5% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of 57%. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, medical gel preparations exports fell slightly to $X in 2022. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 67%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Germany (X tons), Spain (X tons) and Italy (X tons) were the main destinations of medical gel preparations exports from Hungary, with a combined 50% share 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 Germany (with a CAGR of +168.3%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Algeria ($X) constituted the largest markets for medical gel preparations exported from Hungary worldwide, together accounting for 46% of total exports.

Germany, with a CAGR of +160.6%, recorded the highest rates of growth with regard to the value of exports, among 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 2022, the average medical gel preparations export price amounted to $X per ton, growing by 2.5% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2019 an increase of 28% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Ukraine ($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 Algeria (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Hungary

In 2022, medical gel preparations imports into Hungary surged to X tons, growing by 54% compared with 2021. Overall, imports recorded a remarkable increase. The growth pace was the most rapid in 2019 when imports increased by 89%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, medical gel preparations imports skyrocketed to $X in 2022. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 73% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Turkey (X tons), Austria (X tons) and the Netherlands (X tons) were the main suppliers of medical gel preparations imports to Hungary, together accounting for 85% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +198.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Austria ($X) and Germany ($X) were the largest medical gel preparations suppliers to Hungary, together comprising 85% of total imports.

Turkey, with a CAGR of +227.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medical gel preparations import price stood at $X per ton in 2022, declining by -13.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 47% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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