Argentina: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Argentina

The Argentinian medicaments containing corticosteroid hormones market declined sharply to $X in 2021, falling by -21.1% against the previous year. In general, consumption, however, saw modest growth. Medicaments containing corticosteroid hormones consumption peaked at $X in 2020, and then dropped rapidly in the following year.

Production of Medicaments Containing Corticosteroid Hormones in Argentina

In value terms, medicaments containing corticosteroid hormones production shrank to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 57% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Argentina

In 2021, overseas shipments of medicaments containing corticosteroid hormones increased by 22% to X tons, rising for the second year in a row after two years of decline. In general, exports posted temperate growth. The pace of growth appeared the most rapid in 2015 with an increase of 198% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, medicaments containing corticosteroid hormones exports reached $X in 2021. Overall, exports posted modest growth. The most prominent rate of growth was recorded in 2015 when exports increased by 122%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for medicaments containing corticosteroid hormones exports from Argentina, accounting for a 44% share of total exports. Moreover, medicaments containing corticosteroid hormones exports to Brazil exceeded the volume sent to the second major destination, Uruguay (X tons), threefold. The third position in this ranking was held by Paraguay (X tons), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil stood at +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+8.9% per year) and Paraguay (+10.4% per year).

In value terms, Uruguay ($X), Brazil ($X) and Paraguay ($X) appeared to be the largest markets for medicaments containing corticosteroid hormones exported from Argentina worldwide, together comprising 70% of total exports.

Uruguay, with a CAGR of +22.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average medicaments containing corticosteroid hormones export price amounted to $X per ton, falling by -7% against the previous year. Overall, the export price continues to indicate a slight slump. The growth pace was the most rapid in 2016 when the average export price increased by 37% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Argentina

In 2021, the amount of medicaments containing corticosteroid hormones imported into Argentina shrank to X tons, which is down by -8.5% against the year before. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +2.4% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 33%. Over the period under review, imports attained the peak figure at X tons in 2020, and then declined in the following year.

In value terms, medicaments containing corticosteroid hormones imports dropped to $X in 2021. The total import value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 36%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

France (X tons), Germany (X tons) and Denmark (X tons) were the main suppliers of medicaments containing corticosteroid hormones imports to Argentina, together comprising 75% of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +34.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing corticosteroid hormones suppliers to Argentina were France ($X), Germany ($X) and the United States ($X), together comprising 61% of total imports.

France, with a CAGR of +20.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medicaments containing corticosteroid hormones import price stood at $X per ton in 2021, surging by 5% against the previous year. Overall, the import price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :