Belgium: Market for Other Medicaments For Therapeutic Or Prophylactic Uses 2024

Market Size for Other Medicaments For Therapeutic Or Prophylactic Uses in Belgium

The Belgian market for other medicaments for therapeutic or prophylactic uses dropped notably to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, continues to indicate a mild increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Other Medicaments For Therapeutic Or Prophylactic Uses in Belgium

In value terms, production of other medicaments for therapeutic or prophylactic uses rose significantly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Other Medicaments For Therapeutic Or Prophylactic Uses

Exports from Belgium

In 2022, the amount of other medicaments for therapeutic or prophylactic uses exported from Belgium surged to X tons, rising by X% on 2021. Overall, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of other medicaments for therapeutic or prophylactic uses dropped significantly to $X in 2022. Over the period under review, exports, however, showed a deep slump. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

France (X tons), Hungary (X tons) and the Netherlands (X tons) were the main destinations of exports of other medicaments for therapeutic or prophylactic uses from Belgium, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other medicaments for therapeutic or prophylactic uses exported from Belgium were Italy ($X), France ($X) and Ireland ($X), with a combined X% share of total exports. The Netherlands, Germany, Spain, Hungary and the UK lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2022, the average export price for other medicaments for therapeutic or prophylactic uses amounted to $X per ton, which is down by X% against the previous year. Overall, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Hungary ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Medicaments For Therapeutic Or Prophylactic Uses

Imports into Belgium

In 2022, approx. X tons of other medicaments for therapeutic or prophylactic uses were imported into Belgium; with an increase of X% on the previous year. In general, imports showed strong growth. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of other medicaments for therapeutic or prophylactic uses surged to $X in 2022. Overall, imports continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The United States (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of imports of other medicaments for therapeutic or prophylactic uses to Belgium, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), the Netherlands ($X) and Ireland ($X) appeared to be the largest other medicaments for therapeutic or prophylactic uses suppliers to Belgium, together accounting for X% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded 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

In 2022, the average import price for other medicaments for therapeutic or prophylactic uses amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price recorded a abrupt setback. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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