Hungary: Respiration Apparatus Market 2024

Respiration Apparatus Market Size in Hungary

After three years of growth, the Hungarian respiration apparatus market decreased by -99.8% to $X in 2021. Overall, consumption, however, posted prominent growth. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Respiration Apparatus Exports

Exports from Hungary

In 2021, exports of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus from Hungary dropped dramatically to X tons, waning by -40.9% compared with the previous year. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 560% against the previous year. As a result, the exports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, respiration apparatus exports fell dramatically to $X in 2021. Overall, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 411%. As a result, the exports attained the peak of $X, and then shrank markedly in the following year.

Exports by Country

Romania (X tons), Lebanon (X tons) and Serbia (X tons) were the main destinations of respiration apparatus exports from Hungary, with a combined 62% share of total exports. These countries were followed by Poland, Moldova, Germany, Austria, New Zealand, Mongolia, the Czech Republic and Russia, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +677.0%), while the other leaders experienced more modest paces of growth.

In value terms, Mongolia ($X), Lebanon ($X) and Moldova ($X) constituted the largest markets for respiration apparatus exported from Hungary worldwide, together comprising 32% of total exports. These countries were followed by Romania, Serbia, Poland, Germany, Austria, New Zealand, Russia and the Czech Republic, which together accounted for a further 23%.

New Zealand, with a CAGR of +448.6%, saw the highest rates of growth with regard to the value of exports, in terms of 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 respiration apparatus export price stood at $X per ton in 2021, growing by 26% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 39% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Mongolia ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (+45.9%), while the prices for the other major destinations experienced a decline.

Respiration Apparatus Imports

Imports into Hungary

In 2021, after four years of growth, there was significant decline in purchases abroad of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus, when their volume decreased by -99.3% to X tons. In general, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 25,550% against the previous year. As a result, imports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, respiration apparatus imports dropped remarkably to $X in 2021. Overall, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 9,362% against the previous year. As a result, imports reached the peak of $X, and then reduced rapidly in the following year.

Imports by Country

China (X tons), Germany (X tons) and India (X tons) were the main suppliers of respiration apparatus imports to Hungary, together accounting for 67% of total imports. Ireland, Romania, Italy, the Netherlands, Slovakia and Greece lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +388.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest respiration apparatus suppliers to Hungary were China ($X), Germany ($X) and India ($X), with a combined 59% share of total imports. These countries were followed by Italy, the Netherlands, Ireland, Slovakia, Romania and Greece, which together accounted for a further 16%.

Romania, with a CAGR of +401.0%, saw the highest growth rate of the value of imports, in terms of 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 respiration apparatus import price stood at $X per ton in 2021, surging by 35% against the previous year. Over the period under review, the import price, however, showed a abrupt decrease. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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