Hungary: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Hungary

The Hungarian needles, catheters, cannulae market dropped slightly to $X in 2021, stabilizing at the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Needles, catheters, cannulae consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Needles, Catheters, Cannulae Production in Hungary

In value terms, needles, catheters, cannulae production amounted to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +65.4% against 2016 indices. The growth pace was the most rapid in 2017 when the production volume increased by 27%. Over the period under review, production reached the maximum level in 2021 and is likely to see steady growth in the immediate term.

Needles, Catheters, Cannulae Exports

Exports from Hungary

For the eighth year in a row, Hungary recorded growth in overseas shipments of needles, catheters, cannulae, which increased by 6.1% to X units in 2021. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 29%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, needles, catheters, cannulae exports rose notably to $X in 2021. In general, exports posted a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 37% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Austria (X units), Germany (X units) and Denmark (X units) were the main destinations of needles, catheters, cannulae exports from Hungary, together comprising 68% of total exports. The United States, France, the UK, Belgium and the Netherlands lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +94.2%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and the UK ($X) constituted the largest markets for needles, catheters, cannulae exported from Hungary worldwide, with a combined 45% share of total exports. These countries were followed by France, the United States, Denmark, Belgium and the Netherlands, which together accounted for a further 34%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +93.2%, 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 needles, catheters, cannulae export price stood at $X per unit in 2021, increasing by 4.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.6%. The pace of growth appeared the most rapid in 2013 an increase of 30%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Hungary

For the fourth consecutive year, Hungary recorded growth in supplies from abroad of needles, catheters, cannulae, which increased by 7.8% to X units in 2021. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 67% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, needles, catheters, cannulae imports surged to $X in 2021. Over the period under review, imports showed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 44% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Austria (X units), Spain (X units) and China (X units) were the main suppliers of needles, catheters, cannulae imports to Hungary, together comprising 74% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +143.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of needles, catheters, cannulae to Hungary, comprising 34% of total imports. The second position in the ranking was held by Spain ($X), with a 14% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Austria amounted to +56.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+147.3% per year) and Germany (+17.4% per year).

Import Prices by Country

The average needles, catheters, cannulae import price stood at $X per unit in 2021, rising by 7.7% against the previous year. In general, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 23% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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