Chile: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Chile

After four years of growth, the Chilean medical gel preparations market decreased by -4.6% to $X in 2022. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.5% against 2016 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Medical Gel Preparations Production in Chile

In value terms, medical gel preparations production amounted to $X in 2022 estimated in export price. In general, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.4% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 51%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Medical Gel Preparations Exports

Exports from Chile

Medical gel preparations exports from Chile fell dramatically to X tons in 2022, dropping by -68.3% against the previous year. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 393%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, medical gel preparations exports declined sharply to $X in 2022. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by 532%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X tons) was the main destination for medical gel preparations exports from Chile, with a 88% share of total exports. Moreover, medical gel preparations exports to Bolivia exceeded the volume sent to the second major destination, Paraguay (X kg), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia totaled -8.8%.

In value terms, Bolivia ($X) remains the key foreign market for gel preparations for human or veterinary medicine exports from Chile, comprising 86% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bolivia totaled -5.6%.

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, reducing by -25% against the previous year. Overall, the export price, however, continues to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2019 an increase of 313% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Paraguay stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+38.7%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Chile

In 2022, overseas purchases of gel preparations for human or veterinary medicine decreased by -26.1% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 80%. As a result, imports reached the peak of X tons, and then fell markedly in the following year.

In value terms, medical gel preparations imports reduced sharply to $X in 2022. In general, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. As a result, imports reached the peak of $X, and then dropped remarkably in the following year.

Imports by Country

China (X tons), Italy (X tons) and the United States (X tons) were the main suppliers of medical gel preparations imports to Chile, with a combined 59% share of total imports. Turkey, Germany, Brazil, Spain and India lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +77.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of gel preparations for human or veterinary medicine to Chile, comprising 27% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by China, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.7% per year) and China (+17.8% per year).

Import Prices by Country

The average medical gel preparations import price stood at $X per ton in 2022, increasing by 11% against the previous year. Overall, the import price, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 16%. As a result, import price reached the peak level of $X per ton. From 2016 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 Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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