Argentina: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Argentina

The Argentinian medical gel preparations market surged to $X in 2022, jumping by 401% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a abrupt decline. Medical gel preparations consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Medical Gel Preparations Exports

Exports from Argentina

In 2022, approx. X tons of gel preparations for human or veterinary medicine were exported from Argentina; waning by -27% on 2021. Over the period under review, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 477%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, medical gel preparations exports expanded sharply to $X in 2022. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 517% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for medical gel preparations exports from Argentina, with a 94% share of total exports. Moreover, medical gel preparations exports to Brazil exceeded the volume sent to the second major destination, Uruguay (X kg), more than tenfold. The third position in this ranking was taken by Bolivia (X kg), with a 0.9% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil totaled -16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+35.9% per year) and Bolivia (+14.0% per year).

In value terms, Brazil ($X) remains the key foreign market for gel preparations for human or veterinary medicine exports from Argentina, comprising 96% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 2.1% share of total exports. It was followed by Paraguay, with a 0.8% share.

From 2012 to 2022, the average annual growth rate of value to Brazil totaled +35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+37.5% per year) and Paraguay (+8.1% per year).

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, jumping by 53% against the previous year. Overall, the export price showed a prominent expansion. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+61.0%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Argentina

In 2022, approx. X tons of gel preparations for human or veterinary medicine were imported into Argentina; increasing by 3.4% on the previous year's figure. In general, imports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 198%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, medical gel preparations imports skyrocketed to $X in 2022. Overall, imports, however, saw a slight contraction. The most prominent rate of growth was recorded in 2015 with an increase of 115%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest medical gel preparations supplier to Argentina, accounting for a 48% share of total imports. Moreover, medical gel preparations imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Israel (X tons) ranked third in terms of total imports with a 20% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.1% per year) and Israel (+17.6% per year).

In value terms, Spain ($X) constituted the largest supplier of gel preparations for human or veterinary medicine to Argentina, comprising 50% of total imports. The second position in the ranking was held by the United States ($X), with a 24% share of total imports. It was followed by Israel, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +27.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.3% per year) and Israel (+10.5% per year).

Import Prices by Country

In 2022, the average medical gel preparations import price amounted to $X per ton, growing by 94% against the previous year. In general, the import price showed resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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