Earlier Report Observations
The Hungarian market for medical needles saw substantial growth in value from 2020 to 2024, rising from approximately 5.7 million US dollars to 8.2 million US dollars. This expansion was characterized by a sharp 27% increase in 2021, which set a higher baseline for the market.
Following the 2021 surge, the market's value stabilized in 2022 before climbing again in 2023 and 2024. The overall growth was underpinned by a consistent rise in import value, which grew from 6.5 million to 9.4 million US dollars over the period, while domestic production volumes remained relatively stable.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In value
- 4.1.1.1. Production, 2020-2024
- 4.1.1.2. Imports, 2018-2025
- 4.1.1.3. Exports, 2018-2025
- 4.1.1.4. Market size, 2020-2024
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4.1.1. In value
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Hungary
- 5.1.1. In kind, 2020-2024, K unit
- 5.1.2. In value, 2020-2024, K $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In kind, 2018-2024, K unit
- 5.2.2. In value, 2018-2024, K $ US
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5.1. Production in Hungary
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
- 6.1.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
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6.1.4. Average price of product's imports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/kg
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
- 6.2.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
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6.2.4. Average price of product's imports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/kg
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
- 7.1.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
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7.1.4. Average price of product's exports, $ US/kg
- 7.1.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/kg
- 7.1.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/kg
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
- 7.2.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
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7.2.4. Average price of product's exports, $ US/kg
- 7.2.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/kg
- 7.2.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/kg
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2025
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production medical needles in Hungary
In value, 2018-2021, K $ US
In 2021, Hungary's output of medical needles was valued at 605.6 thousand US dollars, showing a modest increase of 6.7% compared to 2020.
Annual dynamics of production in Hungary in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | 6.7% | - |
Exports medical needles from Hungary
Exports in kind, t
Hungary exported 27.9 tonnes of medical needles in 2021, which represents a significant decline of 34.8% from the previous year. Over the period from 2018 to 2021, exports decreased by 14%, with a compound annual growth rate of 4.9%. The lowest export volume was recorded in 2019 at 27.6 tonnes, while the peak occurred in 2020 with 42.9 tonnes. The most substantial year-on-year increase was observed in 2020, reaching 55.1%.
Annual dynamics of product's exports from Hungary in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (15.0%) | 55.1% | (34.8%) | (4.9%) |
From 2018 to 2021, the structure of Hungary's medical needle exports in physical terms was dominated by Germany, which accounted for 73.0% of total shipments. The remaining exports were distributed among numerous smaller trading partners.
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, K $ US
Hungary's medical needle exports in value terms grew for the third consecutive year. In 2021, the export volume reached 1 734 thousand US dollars, marking a robust increase of 18.6% compared to 2020. Over the 2018-2021 period, exports rose by 58.2%, with a compound annual growth rate of 16.5%.
Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 23.6% | 7.9% | 18.6% | 16.5% |
Between 2018 and 2021, Germany, Belgium, and Israel were the primary destinations for Hungary's medical needle exports in value terms. Germany accounted for 59.9% of exports, Belgium for 12.6%, and Israel for 6.5%. Together, these three countries absorbed 79.0% of total export value, forming the core market group.
Structure of product's exports in value by countries, 2018-2021
World map of product's exports from Hungary in value, 2018-2021
Imports medical needles to Hungary
Imports in kind, t
Hungary's imports of medical needles in physical terms increased for the third year in a row. In 2021, the country imported 263.5 tonnes, reflecting a sharp year-on-year gain of 81.2%. Over the 2018-2021 period, imports surged by 97.4%, with a compound annual growth rate of 25.4%.
Annual dynamics of product's imports to Hungary in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 5.4% | 3.3% | 81.2% | 25.4% |
From 2018 to 2021, the main sources for Hungary's medical needle imports in physical terms were Germany, Slovakia, and China. Germany contributed 29.0% of imports, Slovakia 24.8%, and China 16.2%. Collectively, these three markets represented 69.9% 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, K $ US
In 2021, Hungary's medical needle imports in value terms amounted to 8 342 thousand US dollars, up by 27.4% compared to the previous year. Between 2018 and 2021, imports increased by 27.5%, equating to an annualized growth rate of 8.4%. The largest decline during this period was recorded in 2020, at 7.9%.
Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 8.7% | (7.9%) | 27.4% | 8.4% |
Throughout 2018-2021, Singapore, Germany, and the United States were the key markets for Hungary's medical needle imports in value terms. Singapore accounted for 27.5% of imports, Germany for 15.7%, and the United States for 11.7%. Together, these three countries formed the core group, representing 54.9% 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
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