Brazil: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Brazil

In 2021, the Brazilian medicaments containing corticosteroid hormones market increased by 9.7% to $X, rising for the fifth year in a row after three years of decline. In general, consumption, however, showed a noticeable slump. Medicaments containing corticosteroid hormones consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Medicaments Containing Corticosteroid Hormones in Brazil

In value terms, medicaments containing corticosteroid hormones production dropped to $X in 2021 estimated in export price. Overall, production showed a noticeable decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 7.1% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Brazil

In 2021, shipments abroad of medicaments containing corticosteroid hormones decreased by -11.7% to X tons, falling for the fourth year in a row after three years of growth. In general, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of 160%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, medicaments containing corticosteroid hormones exports contracted to $X in 2021. Overall, exports, however, saw a perceptible expansion. The pace of growth was the most pronounced in 2016 when exports increased by 72%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons), Denmark (X tons) and Australia (X tons) were the main destinations of medicaments containing corticosteroid hormones exports from Brazil, with a combined 63% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +54,224.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Denmark ($X) and Mexico ($X) were the largest markets for medicaments containing corticosteroid hormones exported from Brazil worldwide, with a combined 51% share of total exports.

Turkey, with a CAGR of +38,947.8%, saw the highest growth rate of 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

The average medicaments containing corticosteroid hormones export price stood at $X per ton in 2021, waning by -3.6% against the previous year. Overall, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the average export price decreased by -2.6%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Mexico ($X per ton), while the average price for exports to Malaysia ($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 Mexico (+5.8%), while the prices for the other major destinations experienced a decline.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Brazil

For the tenth consecutive year, Brazil recorded growth in overseas purchases of medicaments containing corticosteroid hormones, which increased by 18% to X tons in 2021. Over the period under review, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 22%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, medicaments containing corticosteroid hormones imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.5% 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

Germany (X tons), the United States (X tons) and Argentina (X tons) were the main suppliers of medicaments containing corticosteroid hormones imports to Brazil, with a combined 46% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +19.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing corticosteroid hormones suppliers to Brazil were Denmark ($X), the United States ($X) and Germany ($X), with a combined 57% share of total imports. These countries were followed by France, Argentina, Italy, South Korea, Belgium, Spain, Mexico, Sweden and the Netherlands, which together accounted for a further 26%.

Spain, with a CAGR of +18.3%, 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, rising by 6.3% against the previous year. In general, the import price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 8.6% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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