Hungary: Market for Other Medicaments For Therapeutic Or Prophylactic Uses 2024

Market Size for Other Medicaments For Therapeutic Or Prophylactic Uses in Hungary

In 2022, the Hungarian market for other medicaments for therapeutic or prophylactic uses increased by X% to $X, rising for the fourth consecutive year after four years of decline. In general, consumption posted buoyant growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Other Medicaments For Therapeutic Or Prophylactic Uses in Hungary

In value terms, production of other medicaments for therapeutic or prophylactic uses reduced notably to $X in 2022 estimated in export price. In general, production recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Other Medicaments For Therapeutic Or Prophylactic Uses

Exports from Hungary

Exports of other medicaments for therapeutic or prophylactic uses from Hungary amounted to X tons in 2022, surging by X% on the previous year's figure. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of other medicaments for therapeutic or prophylactic uses rose notably to $X in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X tons), the Netherlands (X tons) and Croatia (X tons) were the main destinations of exports of other medicaments for therapeutic or prophylactic uses from Hungary, together comprising X% of total exports. Austria, Turkey, Sweden, Portugal, the Czech Republic, Germany, Denmark, Slovenia and Italy lagged somewhat behind, together comprising a further X%.

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

In value terms, the Netherlands ($X), the Czech Republic ($X) and France ($X) were the largest markets for other medicaments for therapeutic or prophylactic uses exported from Hungary worldwide, together accounting for X% of total exports.

The Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for other medicaments for therapeutic or prophylactic uses stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

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

Imports of Other Medicaments For Therapeutic Or Prophylactic Uses

Imports into Hungary

In 2022, overseas purchases of other medicaments for therapeutic or prophylactic uses increased by X% to X tons, rising for the fifth year in a row after three years of decline. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of other medicaments for therapeutic or prophylactic uses skyrocketed to $X in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

The Netherlands (X tons), India (X tons) and Ireland (X tons) were the main suppliers of imports of other medicaments for therapeutic or prophylactic uses to Hungary, together comprising X% of total imports.

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

In value terms, the largest other medicaments for therapeutic or prophylactic uses suppliers to Hungary were Ireland ($X), Germany ($X) and India ($X), together comprising X% of total imports.

In terms of the main suppliers, Ireland, with a CAGR of X%, recorded 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 import price for other medicaments for therapeutic or prophylactic uses stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average 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 Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :