Hungary: Medical Steriliser Market 2024

Medical Steriliser Market Size in Hungary

In 2022, after three years of growth, there was significant decline in the Hungarian medical steriliser market, when its value decreased by -31.3% to $X. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then declined dramatically in the following year.

Medical Steriliser Production in Hungary

In value terms, medical steriliser production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2015 with an increase of 81% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Medical Steriliser Exports

Exports from Hungary

In 2022, overseas shipments of medical, surgical or laboratory sterilisers decreased by -6.9% to X units, falling for the second consecutive year after two years of growth. Overall, exports showed a perceptible reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 120%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, medical steriliser exports shrank to $X in 2022. In general, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 22%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Austria (X units), China (X units) and India (X units) were the main destinations of medical steriliser exports from Hungary, with a combined 54% share of total exports. Romania, Poland, Slovakia, Iraq, the UK, Nigeria, Myanmar, Ukraine and Greece lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +524.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medical steriliser exported from Hungary were Austria ($X), China ($X) and India ($X), with a combined 49% share of total exports. These countries were followed by Romania, Iraq, Poland, the UK, Slovakia, Nigeria, Myanmar, Ukraine and Greece, which together accounted for a further 39%.

Among the main countries of destination, Ukraine, with a CAGR of +360.5%, saw the highest growth rate of 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 medical steriliser export price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2016 an increase of 52% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per unit), while the average price for exports to Austria ($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 Russia (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Steriliser Imports

Imports into Hungary

In 2022, overseas purchases of medical, surgical or laboratory sterilisers decreased by -60.6% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 172% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then fell rapidly in the following year.

In value terms, medical steriliser imports declined sharply to $X in 2022. Over the period under review, imports saw a perceptible slump. The growth pace was the most rapid in 2017 when imports increased by 185%. Imports peaked at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of medical steriliser to Hungary, with a 36% share of total imports. Moreover, medical steriliser imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by the Czech Republic (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.6% per year) and the Czech Republic (+33.1% per year).

In value terms, Germany ($X), the Czech Republic ($X) and China ($X) were the largest medical steriliser suppliers to Hungary, together comprising 70% of total imports.

The Czech Republic, with a CAGR of +32.4%, recorded the highest rates of growth with regard to the value of imports, among 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 steriliser import price stood at $X per unit in 2022, picking up by 3.4% against the previous year. Overall, the import price, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by 26%. The import price peaked at $X per unit 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 the Czech Republic ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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