Report Update Nov 1, 2024

Hungary - Vaccines for Human Medicine - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Vaccine Market 2024

Vaccine Market Size in Hungary

In 2022, the Hungarian vaccine market decreased by -83.6% to $X for the first time since 2015, thus ending a six-year rising trend. Overall, consumption continues to indicate a slight descent. Over the period under review, the market reached the peak level at $X in 2021, and then contracted rapidly in the following year.

Vaccine Production in Hungary

In value terms, vaccine production expanded slightly to $X in 2022 estimated in export price. In general, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. Vaccine production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Vaccine Exports

Exports from Hungary

For the third year in a row, Hungary recorded growth in shipments abroad of vaccines for human medicine, which increased by 33% to X tons in 2022. In general, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 479%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, vaccine exports fell to $X in 2022. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 342% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Uzbekistan (X tons) was the main destination for vaccine exports from Hungary, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Uzbekistan totaled +8,493.6%.

In value terms, Uzbekistan ($X) emerged as the key foreign market for vaccines for human medicine exports from Hungary.

From 2012 to 2022, the average annual rate of growth in terms of value to Uzbekistan totaled +8,727.3%.

Export Prices by Country

The average vaccine export price stood at $X per ton in 2022, waning by -35.8% against the previous year. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 140%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Uzbekistan.

From 2012 to 2022, the rate of growth in terms of prices for Romania amounted to +6.6% per year.

Vaccine Imports

Imports into Hungary

In 2021, the amount of vaccines for human medicine imported into Hungary surged to X tons, rising by 250% on the previous year's figure. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vaccine imports soared to $X in 2021. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest vaccine supplier to Hungary, accounting for a 70% share of total imports. Moreover, vaccine imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. Russia (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +52.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+28.2% per year) and Russia (+62.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of vaccines for human medicine to Hungary, comprising 38% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total imports. It was followed by Spain, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to +38.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+33.2% per year) and Spain (+439.1% per year).

Import Prices by Country

In 2021, the average vaccine import price amounted to $X per ton, dropping by -9.8% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vaccine import price increased by +64.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 82%. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vaccines for human medicine in the world?

The countries with the highest volumes of in 2021 were Pakistan, Japan and the Philippines, with a combined 32% share of global consumption. These countries were followed by the United States, Indonesia, Spain, China, France, Greece, Brazil, the Netherlands, Turkey and the UK, which together accounted for a further 35%.

What are the largest producers of vaccines for human medicine in the world?

The countries with the highest volumes of in 2021 were the United States, Belgium and France, together accounting for 56% of global production. Germany, China, Japan and India lagged somewhat behind, together comprising a further 32%.

What are the leading suppliers of vaccines for human medicine to Hungary?

In value terms, Belgium constituted the largest supplier of vaccines to Hungary, comprising 37% of total imports. The second position in the ranking was occupied by the Netherlands, with a 14% share of total imports. It was followed by Germany, with a 4% share.

What are the leading importers of vaccines for human medicine from Hungary?

In value terms, Germany emerged as the key foreign market for vaccines exports from Hungary, comprising 27% of total exports. The second position in the ranking was occupied by Poland, with a 12% share of total exports. It was followed by the Czech Republic, with an 11% share.

What is the average export price for vaccines for human medicine in Hungary?

In 2021, the average vaccines export price amounted to $338 per kg, jumping by 25% against the previous year.

What is the average import price for vaccines for human medicine in Hungary?

The average vaccines import price stood at $985,534 per ton in 2021, with an increase of 9.1% against the previous year.

This report provides an in-depth analysis of the vaccine market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21202140 -
Prodcom 21202145 - Vaccines for human medicine

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023