Hungary: Market for Medicaments Of Alkaloids Or Derivatives Thereof 2022

Market Size for Medicaments Of Alkaloids Or Derivatives Thereof in Hungary

The Hungarian market for medicaments of alkaloids or derivatives thereof contracted to $X in 2021, dropping by -X% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. As a result, consumption reached the peak level of $X, and then dropped modestly in the following year.

Production of Medicaments Of Alkaloids Or Derivatives Thereof in Hungary

In value terms, production of medicaments of alkaloids or derivatives thereof declined to $X in 2021 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by +X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production of reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Medicaments Of Alkaloids Or Derivatives Thereof

Exports from Hungary

For the third consecutive year, Hungary recorded decline in overseas shipments of medicaments of alkaloids or derivatives thereof, which decreased by -X% to X tons in 2019. Over the period under review, exports saw a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2019, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of medicaments of alkaloids or derivatives thereof rose remarkably to $X in 2019. The total export value increased at an average annual rate of +X% from 2012 to 2019; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2019, the growth of the exports of failed to regain momentum.

Exports by Country

China (X tons), Russia (X tons) and Bulgaria (X tons) were the main destinations of exports of medicaments of alkaloids or derivatives thereof from Hungary, together accounting for X% of total exports. These countries were followed by Romania, Uzbekistan, the UK, the Netherlands, Poland, Lithuania, Serbia, Ukraine, Slovakia and Kazakhstan, which together accounted for a further X 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for medicaments of alkaloids or derivatives thereof exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Bulgaria ($X), with an X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2019, the average annual rate of growth in terms of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+X% per year) and Russia (-X% per year).

Export Prices by Country

In 2019, the average export price for medicaments of alkaloids or derivatives thereof amounted to $X per ton, picking up by X% against the previous year. In general, export price indicated a strong increase from 2012 to 2019: its price increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, export price for medicaments of alkaloids or derivatives thereof increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked in 2019 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was China ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Of Alkaloids Or Derivatives Thereof

Imports into Hungary

In 2019, approx. X tons of medicaments of alkaloids or derivatives thereof were imported into Hungary; remaining constant against the previous year's figure. In general, total imports indicated a buoyant increase from 2012 to 2019: its volume increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum in 2019 and are expected to retain growth in years to come.

In value terms, imports of medicaments of alkaloids or derivatives thereof stood at $X in 2019. Over the period under review, total imports indicated a strong expansion from 2012 to 2019: its value increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

France (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of imports of medicaments of alkaloids or derivatives thereof to Hungary, together comprising X% of total imports.

From 2012 to 2019, the biggest increases were in Italy (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of medicaments of alkaloids or derivatives thereof to Hungary, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2019, the average annual rate of growth in terms of value from France stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2019, the average import price for medicaments of alkaloids or derivatives thereof amounted to $X per ton, leveling off at the previous year. In general, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2019, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was France ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Slovakia (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :