Canada: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Canada

The Canadian medicaments containing corticosteroid hormones market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption saw a abrupt decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Medicaments Containing Corticosteroid Hormones in Canada

In value terms, medicaments containing corticosteroid hormones production amounted to $X in 2021 estimated in export price. Over the period under review, production recorded a deep slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by 34% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Canada

In 2021, overseas shipments of medicaments containing corticosteroid hormones were finally on the rise to reach X tons after two years of decline. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 36%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, medicaments containing corticosteroid hormones exports fell to $X in 2021. In general, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 109%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons), the United States (X tons) and Italy (X tons) were the main destinations of medicaments containing corticosteroid hormones exports from Canada, together comprising 80% of total exports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +268.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medicaments containing corticosteroid hormones exported from Canada were the United States ($X), Japan ($X) and Italy ($X), together comprising 87% of total exports.

Japan, with a CAGR of +302.7%, saw the highest rates of growth with regard to 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, which is down by -15.3% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 78% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then contracted markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Australia ($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 the United States (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Canada

After seven years of growth, supplies from abroad of medicaments containing corticosteroid hormones decreased by -37.5% to X tons in 2021. In general, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 79% against the previous year. As a result, imports reached the peak of X tons, and then dropped dramatically in the following year.

In value terms, medicaments containing corticosteroid hormones imports contracted notably to $X in 2021. Overall, imports, however, continue to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 31%. Imports peaked at $X in 2020, and then reduced notably in the following year.

Imports by Country

In 2021, Sweden (X tons) constituted the largest medicaments containing corticosteroid hormones supplier to Canada, accounting for a 37% share of total imports. Moreover, medicaments containing corticosteroid hormones imports from Sweden exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden stood at +82.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+16.8% per year) and Spain (+30.8% per year).

In value terms, the United States ($X), Sweden ($X) and Spain ($X) appeared to be the largest medicaments containing corticosteroid hormones suppliers to Canada, together comprising 47% of total imports.

Sweden, with a CAGR of +75.3%, saw the highest growth rate of 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

In 2021, the average medicaments containing corticosteroid hormones import price amounted to $X per ton, increasing by 30% against the previous year. Overall, the import price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 33%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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