Argentina: Market for Medicaments Containing Insulin But Not Antibiotics In Measured Doses 2024

Market Size for Medicaments Containing Insulin But Not Antibiotics In Measured Doses in Argentina

The Argentinian prophylactic medicaments containing insulin market stood at $X in 2022, growing by 14% 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). Overall, consumption, however, saw a deep contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Medicaments Containing Insulin But Not Antibiotics In Measured Doses

Exports from Argentina

After two years of decline, shipments abroad of medicaments containing insulin but not antibiotics in measured doses increased by 148% to X kg in 2022. Overall, exports, however, saw a dramatic decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 41,027%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, prophylactic medicaments containing insulin exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a sharp reduction. The most prominent rate of growth was recorded in 2019 with an increase of 41,706% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Paraguay (X kg) was the main destination for prophylactic medicaments containing insulin exports from Argentina, with a 64% share of total exports. Moreover, prophylactic medicaments containing insulin exports to Paraguay exceeded the volume sent to the second major destination, Uruguay (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Paraguay amounted to -30.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-34.1% per year) and Chile (-33.6% per year).

In value terms, Paraguay ($X), Uruguay ($X) and Chile ($X) constituted the largest markets for prophylactic medicaments containing insulin exported from Argentina worldwide, with a combined 99.9% share of total exports.

In terms of the main countries of destination, Uruguay, with a CAGR of -29.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average prophylactic medicaments containing insulin export price stood at $X per ton in 2022, with a decrease of -7% against the previous year. In general, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in 2017 an increase of 77%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Chile ($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 Uruguay (+7.0%), while the prices for the other major destinations experienced a decline.

Imports of Medicaments Containing Insulin But Not Antibiotics In Measured Doses

Imports into Argentina

In 2022, overseas purchases of medicaments containing insulin but not antibiotics in measured doses increased by 13% to X tons, rising for the fourth consecutive year after three years of decline. Over the period under review, imports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 18% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, prophylactic medicaments containing insulin imports expanded significantly to $X in 2022. Overall, imports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 18% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of prophylactic medicaments containing insulin to Argentina, with a 50% share of total imports. Moreover, prophylactic medicaments containing insulin imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 22% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +346.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+39.3% per year) and France (-11.6% per year).

In value terms, China ($X) constituted the largest supplier of medicaments containing insulin but not antibiotics in measured doses to Argentina, comprising 52% of total imports. The second position in the ranking was taken by Italy ($X), with a 23% share of total imports. It was followed by France, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +655.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+24.9% per year) and France (-21.0% per year).

Import Prices by Country

The average prophylactic medicaments containing insulin import price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the import price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 1.7% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+69.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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