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

Contents:

  1. Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Hungary (CIF) - 2022
  2. Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Hungary (FOB) - 2022
  3. Imports of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Hungary
  4. Exports of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Hungary

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

In 2022, the average import price for antibiotics; tetracyclines and their derivatives; salts thereoves amounted to $110,074 per ton, growing by 19% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The growth pace was the most rapid in 2019 when the average import price increased by 74%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 United States ($203,000 per ton), while the price for Germany ($73,873 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Hungary (FOB) - 2022

In 2022, the average export price for antibiotics; tetracyclines and their derivatives; salts thereoves amounted to $274,152 per ton, remaining relatively unchanged against the previous year. Overall, the export price saw a significant increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 456% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2014 to 2022, the rate of growth in terms of prices for Romania amounted to +35.5% per year.

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

In 2022, purchases abroad of antibiotics; tetracyclines and their derivatives; salts thereoves decreased by -8.6% to 41 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by 37% against the previous year. As a result, imports reached the peak of 95 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of antibiotics; tetracyclines and their derivatives; salts thereoves rose remarkably to $4.5M in 2022. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. As a result, imports reached the peak of $10M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Hungary (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3.85.53.24.55.8%
Macao SAR0.21.3N/AN/A550.0%
United States2.63.10.9N/A-41.2%
Netherlands0.1N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total6.710.04.14.5-12.4%

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

  1. China (40.6 tons)

Exports of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Hungary

For the third consecutive year, Hungary recorded decline in overseas shipments of antibiotics; tetracyclines and their derivatives; salts thereoves, which decreased by 0% to 112 kg in 2022. Over the period under review, exports showed a significant contraction. The smallest decline of -99.5% was in 2020.

In value terms, exports of antibiotics; tetracyclines and their derivatives; salts thereoves totaled $31K in 2022. In general, exports showed a abrupt descent. The smallest decline of -99.4% was in 2020.

Export of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/AN/AN/A30.70%
Romania44.90.3N/AN/A-99.3%
OthersN/AN/AN/AN/A0%
Total44.90.3N/A30.7-11.9%

Top Export Markets for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof from Hungary in 2022:

  1. China (112.0 kg)

Source: IndexBox Market Intelligence Platform

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