Price for Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Hungary - 2023

Contents:

  1. Price for Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Hungary (CIF) - 2022
  2. Imports of Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Hungary

Price for Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Hungary (CIF) - 2022

In 2022, the average import price for antibiotics; streptomycins and their derivatives; salts thereoves amounted to $174,449 per ton, shrinking by -9.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 38%. Over the period under review, average import prices reached the maximum at $192,276 per ton in 2021, and then dropped in the following year.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -0.7% per year.

Imports of Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Hungary

For the fourth consecutive year, Hungary recorded growth in supplies from abroad of antibiotics; streptomycins and their derivatives; salts thereoves, which increased by 4.7% to 2.5 tons in 2022. The total import volume increased at an average annual rate of +11.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 18% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of antibiotics; streptomycins and their derivatives; salts thereoves declined to $443K in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 30% against the previous year.

Import of Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan27836245843416.0%
Others5.56.28.09.017.8%
Total28336846644316.1%

Top Suppliers of Antibiotics; Streptomycins and Their Derivatives; Salts Thereof to Hungary in 2022:

  1. Japan (2.5 tons)

Source: IndexBox Market Intelligence Platform

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