Hungary: Optical Radiation Instruments Market 2025

Optical Radiation Instruments Market Size in Hungary

The Hungarian optical radiation instruments market dropped markedly to $X in 2022, reducing by -22% against the previous year. Overall, consumption saw a perceptible decline. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Optical Radiation Instruments Production in Hungary

In value terms, optical radiation instruments production rose significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 80% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Optical Radiation Instruments Exports

Exports from Hungary

Optical radiation instruments exports from Hungary surged to X units in 2022, jumping by 40% on the year before. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 138% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, optical radiation instruments exports surged to $X in 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 172%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X units), the United States (X units) and Taiwan (Chinese) (X units) were the main destinations of optical radiation instruments exports from Hungary, with a combined 77% share of total exports. Japan, France, Germany and the United Arab Emirates lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +129.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for optical radiation instruments exported from Hungary were the United States ($X), China ($X) and Japan ($X), together accounting for 76% of total exports.

Among the main countries of destination, Japan, with a CAGR of +137.1%, saw the highest rates of growth with regard to 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

The average optical radiation instruments export price stood at $X per unit in 2022, surging by 6.6% against the previous year. Overall, the export price, however, saw a slight reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 57% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the 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 Japan ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Radiation Instruments Imports

Imports into Hungary

In 2022, supplies from abroad of instruments using optical radiations decreased by -17.5% to X units, falling for the third consecutive year after three years of growth. Over the period under review, imports, however, showed perceptible growth. The most prominent rate of growth was recorded in 2015 with an increase of 74%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, optical radiation instruments imports dropped rapidly to $X in 2022. Overall, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 81% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

Germany (X units), the Netherlands (X units) and Austria (X units) were the main suppliers of optical radiation instruments imports to Hungary, together accounting for 61% of total imports. The United States, China, Cyprus, the UK, France, Poland, Romania and the Czech Republic lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +61.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Austria ($X) constituted the largest optical radiation instruments suppliers to Hungary, together comprising 63% of total imports. The Netherlands, the Czech Republic, the UK, China, Poland, France, Cyprus and Romania lagged somewhat behind, together comprising a further 31%.

Among the main suppliers, Romania, with a CAGR of +53.2%, saw 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 optical radiation instruments import price stood at $X per unit in 2022, with a decrease of -25.9% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, optical radiation instruments import price increased by +37.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 54%. As a result, import price attained the peak level of $X per unit, and then shrank remarkably in the following year.

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 the Czech Republic ($X per unit), while the price for Cyprus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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