Benelux: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Benelux

After three years of growth, the Benelux medicaments containing corticosteroid hormones market decreased by -66.9% to $X in 2021. Overall, consumption, however, continues to indicate a pronounced expansion. Over the period under review, the market hit record highs at $X in 2020, and then reduced rapidly in the following year.

Production of Medicaments Containing Corticosteroid Hormones in Benelux

In value terms, medicaments containing corticosteroid hormones production soared to $X in 2021 estimated in export price. In general, production continues to indicate buoyant growth. The growth pace was the most rapid in 2015 with an increase of 127% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Medicaments Containing Corticosteroid Hormones

Exports in Benelux

In 2021, shipments abroad of medicaments containing corticosteroid hormones increased by 12% to X tons, rising for the sixth year in a row after two years of decline. Overall, exports showed a moderate expansion. The growth pace was the most rapid in 2020 when exports increased by 94% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, medicaments containing corticosteroid hormones exports amounted to $X in 2021. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 52%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

Belgium was the key exporting country with an export of around X tons, which amounted to 74% of total exports. It was distantly followed by the Netherlands (X tons), comprising a 26% share of total exports.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of medicaments containing corticosteroid hormones. At the same time, the Netherlands (+7.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +7.9% from 2012-2021. The Netherlands (+10 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -10% from 2012 to 2021, respectively.

In value terms, Belgium ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2021.

Among the main exporting countries, the Netherlands, with a CAGR of +15.7%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, falling by -5.2% against the previous year. Export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. 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 -26.3% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 59%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.2%).

Imports of Medicaments Containing Corticosteroid Hormones

Imports in Benelux

After five years of growth, purchases abroad of medicaments containing corticosteroid hormones decreased by -10.8% to X tons in 2021. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by 158% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, medicaments containing corticosteroid hormones imports reached $X in 2021. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 68% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

Belgium was the largest importing country with an import of about X tons, which accounted for 71% of total imports. It was distantly followed by the Netherlands (X tons), constituting a 29% share of total imports.

Imports into Belgium increased at an average annual rate of +8.0% from 2012 to 2021. At the same time, the Netherlands (+12.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +12.6% from 2012-2021. While the share of the Netherlands (+7.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belgium (-6.8 p.p.) displayed negative dynamics.

In value terms, the largest medicaments containing corticosteroid hormones importing markets in Benelux were Belgium ($X) and the Netherlands ($X).

Belgium, with a CAGR of +13.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, surging by 20% against the previous year. Overall, the import price recorded a noticeable expansion. The pace of growth was the most pronounced in 2014 an increase of 110% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.3%).

Source: IndexBox Platform