Belarus: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Belarus

The Belarusian medicaments containing corticosteroid hormones market reduced to $X in 2021, declining by -11.4% against the previous year. In general, consumption showed a noticeable downturn. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Medicaments Containing Corticosteroid Hormones in Belarus

In value terms, medicaments containing corticosteroid hormones production reduced to $X in 2021 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 39% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Belarus

In 2021, approx. X tons of medicaments containing corticosteroid hormones were exported from Belarus; growing by 16% against 2020. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 57% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, medicaments containing corticosteroid hormones exports rose notably to $X in 2021. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 148%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons) was the main destination for medicaments containing corticosteroid hormones exports from Belarus, with a 71% share of total exports. Moreover, medicaments containing corticosteroid hormones exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), fivefold. Kyrgyzstan (X tons) ranked third in terms of total exports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at +34.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+9.8% per year) and Kyrgyzstan (+35.7% per year).

In value terms, Russia ($X) remains the key foreign market for medicaments containing corticosteroid hormones exports from Belarus, comprising 73% of total exports. The second position in the ranking was held by Kazakhstan ($X), with an 11% share of total exports. It was followed by Kyrgyzstan, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to +39.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+12.0% per year) and Kyrgyzstan (+31.7% per year).

Export Prices by Country

The average medicaments containing corticosteroid hormones export price stood at $X per ton in 2021, approximately equating the previous year. In general, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medicaments containing corticosteroid hormones export price decreased by -36.5% against 2018 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 76% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Kyrgyzstan ($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 Russia (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Belarus

In 2021, the amount of medicaments containing corticosteroid hormones imported into Belarus surged to X tons, with an increase of 22% against the year before. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, medicaments containing corticosteroid hormones imports soared to $X in 2021. The total import value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of medicaments containing corticosteroid hormones to Belarus, accounting for a 26% share of total imports. Moreover, medicaments containing corticosteroid hormones imports from Germany exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+4.7% per year) and Belgium (+9.1% per year).

In value terms, the largest medicaments containing corticosteroid hormones suppliers to Belarus were Germany ($X), France ($X) and Italy ($X), with a combined 38% share of total imports. These countries were followed by Belgium, India, Russia, Slovenia, Spain, the United States, Austria, Poland, Ukraine and Palestine, which together accounted for a further 39%.

Among the main suppliers, the United States, with a CAGR of +62.2%, saw the highest rates of growth with regard to the value of imports, 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, flattening at the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 7.7% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :