Electro diagnostic and imaging apparatus for medical, surgical, dental or veterinary use market in Hungary

Earlier Report Observations

The Hungarian market for electro diagnostic and imaging medical apparatus experienced sustained expansion between 2018 and 2022, with its total value rising from $93.3 million to $117.4 million. The most significant annual increases occurred in 2019 and 2021, leading to a plateau in 2022.

Domestic production followed a similar upward path, climbing from $80.7 million in 2018 to $97.4 million in 2022. During the same period, import volumes showed considerable volatility, reaching a high of $100.5 million in 2020 before moderating, while exports steadily grew from $33.3 million to $44.6 million by 2022, enhancing the country's trade balance in this sector.

From 2023 through 2025, exports continued to fluctuate, with a peak in 2023, and imports remained below their 2020 level, indicating a shift toward greater self-sufficiency and a mature market phase.

Production electro diagnostic and imaging apparatus in Hungary

In value, 2018-2021, K $ US

In 2021, Hungary's production of electro-diagnostic and imaging apparatus for medical, surgical, dental, or veterinary use reached a value of 83 172 thousand US dollars, marking a 2.1% increase compared to the previous year. Over the period from 2018 to 2021, production grew by 3%, with a compound annual growth rate of 1.0%.

Annual dynamics of production in Hungary in value, 2018-2021, K $ US

Exports electro diagnostic and imaging apparatus from Hungary

Exports in kind, t

Hungary's exports of electro-diagnostic and imaging apparatus for medical, surgical, dental, or veterinary use increased for the second consecutive year. In 2021, exports amounted to 307.2 tonnes, remaining nearly unchanged from the previous year. Between 2018 and 2021, exports rose by 18.3%, which translates to an annualized growth rate of 5.8%. The lowest export volume was recorded in 2019 at 254.9 tonnes, with the largest decline of 1.9% occurring that same year. In contrast, the largest increase of 20.4% was observed in 2020.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, t

From 2018 to 2021, France, Germany, and the United States were the primary destinations for Hungary's exports of electro-diagnostic and imaging apparatus for medical, surgical, dental, or veterinary use. France accounted for 40.6% of exports in kind, Germany for 6.7%, and the United States for 5.2%, collectively representing 52.4% of total exports in kind.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Hungary in kind, 2018-2021

Exports in value, M $ US

Hungary's export value of electro-diagnostic and imaging apparatus for medical, surgical, dental, or veterinary use grew for the second year in a row. In 2021, exports totaled 35.0 million US dollars, up by 15.5% year-over-year. Between 2018 and 2021, exports increased by 4.9%, equating to an annualized rate of 1.6%. The lowest value was recorded in 2019 at 27.5 million US dollars, with the largest decline of 17.5% occurring that year.

Annual dynamics of product's exports from Hungary in value, 2018-2021, M $ US

Between 2018 and 2021, Romania, the United States, and Germany were the largest buyers of Hungary's electro-diagnostic and imaging apparatus for medical, surgical, dental, or veterinary use in value terms. Romania accounted for 29.4% of exports in value, the United States for 7.8%, and Germany for 7.6%, together making up 44.8% of total exports, while numerous smaller partners contributed to the remainder.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Hungary in value, 2018-2021

Imports electro diagnostic and imaging apparatus to Hungary

Imports in kind, t

In 2021, Hungary's imports of electro-diagnostic and imaging apparatus for medical, surgical, dental, or veterinary use totaled 503.9 tonnes, a decrease of 18.1% compared to 2020. Over the period from 2018 to 2021, imports increased by 2.6%, with an annualized growth rate of 0.9%. The lowest import volume was recorded in 2019 at 433.2 tonnes, while the highest was in 2020 at 615.5 tonnes. The largest increase of 42.1% occurred in 2020.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, t

From 2018 to 2021, the United States, China, and Germany were the main sources for Hungary's imports of electro-diagnostic and imaging apparatus for medical, surgical, dental, or veterinary use in kind. The United States accounted for 36.5% of imports in kind, China for 20.4%, and Germany for 10.8%, together comprising 67.7% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Hungary in kind, 2018-2021

Imports in value, M $ US

Hungary's import value of electro-diagnostic and imaging apparatus for medical, surgical, dental, or veterinary use showed significant fluctuations during the period. In 2021, imports amounted to 68.8 million US dollars, representing a 31.5% decline from the previous year. The highest value was recorded in 2020 at 100.5 million US dollars, with the largest increase of 99.3% occurring that year. From a low in 2018 to a high in 2020, imports varied by 2.2-fold.

Annual dynamics of product's imports to Hungary in value, 2018-2021, M $ US

Throughout 2018 to 2021, China, the United States, and Germany remained the central markets for Hungary's imports of electro-diagnostic and imaging apparatus for medical, surgical, dental, or veterinary use in value terms, collectively accounting for 56.0% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Hungary in value, 2018-2021