Hungary: Glass Ampoules Market 2024

Glass Ampoules Market Size in Hungary

The Hungarian glass ampoules market rose modestly to $X in 2022, with an increase of 4.4% against the previous year. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +65.4% against 2019 indices. Glass ampoules consumption peaked in 2022 and is likely to continue growth in the near future.

Glass Ampoules Production in Hungary

In value terms, glass ampoules production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Glass Ampoules Exports

Exports from Hungary

In 2022, glass ampoules exports from Hungary fell slightly to X units, approximately mirroring the previous year. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 36% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, glass ampoules exports shrank to $X in 2022. Overall, exports saw a perceptible decrease. The pace of growth was the most pronounced in 2018 with an increase of 19%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), France (X units) and Romania (X units) were the main destinations of glass ampoules exports from Hungary, together accounting for 47% of total exports. Austria, Turkey, Lithuania, Slovakia, Bulgaria, Slovenia, Portugal, Greece, Serbia and Denmark lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +114.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass ampoules exported from Hungary were Germany ($X), France ($X) and Austria ($X), with a combined 44% share of total exports. Romania, Turkey, Lithuania, Slovakia, Serbia, Bulgaria, Greece, Portugal, Denmark and Slovenia lagged somewhat behind, together comprising a further 43%.

Turkey, with a CAGR of +111.5%, 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

The average glass ampoules export price stood at $X per thousand units in 2022, dropping by -8.1% against the previous year. In general, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 15% against the previous year. The export price peaked at $X per thousand units in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Serbia ($X per thousand units), while the average price for exports to Slovenia ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Ampoules Imports

Imports into Hungary

In 2022, purchases abroad of glass ampoules for packing of goods decreased by -4.8% to X units, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded a slight expansion. The pace of growth appeared the most rapid in 2013 with an increase of 65% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, glass ampoules imports shrank to $X in 2022. Over the period under review, imports showed a perceptible decrease. The pace of growth appeared the most rapid in 2017 with an increase of 33%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X units), Slovakia (X units) and Germany (X units) were the main suppliers of glass ampoules imports to Hungary, together comprising 93% of total imports. Russia and Italy lagged somewhat behind, together comprising a further 6.6%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +37.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass ampoules suppliers to Hungary were Poland ($X), Slovakia ($X) and Germany ($X), together accounting for 89% of total imports. Italy and Russia lagged somewhat behind, together accounting for a further 11%.

In terms of the main suppliers, Italy, with a CAGR of +35.5%, 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

In 2022, the average glass ampoules import price amounted to $X per thousand units, waning by -8.7% against the previous year. Over the period under review, the import price recorded a noticeable descent. The growth pace was the most rapid in 2021 when the average import price increased by 10% against the previous year. The import price peaked at $X per thousand units in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per thousand units), while the price for Poland ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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