Hungary: Prepared Culture Media Market 2024

Prepared Culture Media Market Size in Hungary

The Hungarian prepared culture media market contracted sharply to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, enjoyed buoyant growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Prepared Culture Media Production in Hungary

In value terms, prepared culture media production expanded slightly to $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Prepared culture media production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Prepared Culture Media Exports

Exports from Hungary

In 2022, the amount of prepared culture media for development of micro-organisms exported from Hungary soared to X tons, rising by X% compared with 2021 figures. Over the period under review, exports saw strong growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, prepared culture media exports reduced to $X in 2022. In general, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped modestly in the following year.

Exports by Country

Poland (X tons), Saudi Arabia (X tons) and Romania (X tons) were the main destinations of prepared culture media exports from Hungary, with a combined X% share of total exports.

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

In value terms, the largest markets for prepared culture media exported from Hungary were Austria ($X), Poland ($X) and Germany ($X), with a combined X% share of total exports. Saudi Arabia, Romania, Croatia, Bosnia and Herzegovina, Kenya, Tunisia, Jordan, Serbia, Bulgaria and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Saudi Arabia, with a CAGR of X%, recorded 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 prepared culture media export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium ($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 Bosnia and Herzegovina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Culture Media Imports

Imports into Hungary

In 2022, imports of prepared culture media for development of micro-organisms into Hungary shrank sharply to X tons, waning by X% on the previous year. Overall, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, prepared culture media imports declined to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

The Netherlands (X tons), France (X tons) and the Czech Republic (X tons) were the main suppliers of prepared culture media imports to Hungary, together comprising X% of total imports. Italy, Austria, Germany, Denmark, Sweden, Belgium and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared culture media suppliers to Hungary were France ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total imports. Austria, the Czech Republic, Italy, Sweden, Denmark, the UK and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average prepared culture media import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the UK ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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