Hungary: Medicaments Containing Hormones Market 2024

Medicaments Containing Hormones Market Size in Hungary

The Hungarian medicaments containing hormones market declined notably to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, showed a prominent expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Medicaments Containing Hormones Production in Hungary

In value terms, medicaments containing hormones production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Medicaments Containing Hormones Exports

Exports from Hungary

In 2022, overseas shipments of medicaments containing hormones but not antibiotics decreased by X% to X kg, falling for the second consecutive year after two years of decline. Overall, exports saw a sharp contraction. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, medicaments containing hormones exports totaled $X in 2022. Over the period under review, exports continue to indicate a significant decline. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X kg) was the main destination for medicaments containing hormones exports from Hungary, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina was relatively modest.

From 2012 to 2022, the average annual growth rate of value to Bosnia and Herzegovina was relatively modest.

Export Prices by Country

In 2022, the average medicaments containing hormones export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price showed a deep setback. The growth pace was the most rapid in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X,636 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Bosnia and Herzegovina.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Medicaments Containing Hormones Imports

Imports into Hungary

In 2022, purchases abroad of medicaments containing hormones but not antibiotics decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, medicaments containing hormones imports dropped to $X in 2022. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of medicaments containing hormones to Hungary, accounting for a X% share of total imports. Moreover, medicaments containing hormones imports from India exceeded the figures recorded by the second-largest supplier, Australia (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Italy (X% per year).

In value terms, India ($X) constituted the largest supplier of medicaments containing hormones but not antibiotics to Hungary, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average medicaments containing hormones import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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