Key Market Indicators
Hungary's vaccination coverage for children aged one is projected to maintain its impressive 99 percent rate through to 2028, showing no change from the current rate in 2023. This stability has been a hallmark of Hungary's vaccination efforts since 1985, with no fluctuations in the coverage rate over the decades. Meanwhile, the Hungarian vaccine import market is expected to grow significantly. By 2028, imports are forecasted to reach approximately $119 million, up from around $101 million in 2023. This represents an average annual growth rate of 2.5 percent. This upward trend has been consistent since 1997, with demand increasing by about 2.9 percent annually. On the export front, Hungary's vaccine exports are also on the rise. Projections indicate that by 2028, vaccine exports will hit nearly $119 million, up from roughly $99 million in 2023. This translates to an average annual growth rate of 2.8 percent. Since 1999, Hungary's vaccine supply has grown annually by about 3.2 percent. In 2023, Hungary ranked 18th in vaccine exports, with Australia surpassing it at nearly $99 million. Leading the global rankings were Belgium, the United Kingdom, and France, occupying the second, third, and fourth positions, respectively.
