CIS: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in CIS

The CIS medical gel preparations market expanded significantly to $X in 2022, picking up by 9.2% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Medical Gel Preparations Production in CIS

In value terms, medical gel preparations production reached $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 41% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Medical Gel Preparations Exports

Exports in CIS

In 2022, after two years of growth, there was significant decline in shipments abroad of gel preparations for human or veterinary medicine, when their volume decreased by -16.9% to X tons. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 177% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell remarkably in the following year.

In value terms, medical gel preparations exports fell to $X in 2022. In general, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 89% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined in the following year.

Exports by Country

The shipments of the one major exporters of gel preparations for human or veterinary medicine, namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the gel preparations for human or veterinary medicine exports, with a CAGR of +10.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest medical gel preparations supplier in the CIS.

From 2012 to 2022, the average annual growth rate of value in Russia totaled +9.0%.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, rising by 9.7% against the previous year. Overall, the export price, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2016 when the export price increased by 114% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -1.7% per year.

Medical Gel Preparations Imports

Imports in CIS

Medical gel preparations imports soared to X tons in 2022, growing by 53% against the previous year's figure. Over the period under review, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 65% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, medical gel preparations imports skyrocketed to $X in 2022. Overall, imports showed a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 97%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X tons) represented the key importer of gel preparations for human or veterinary medicine, creating 47% of total imports. Belarus (X tons) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Armenia (8%), Azerbaijan (7.9%), Kyrgyzstan (7.7%), Russia (5.6%) and Moldova (5.1%).

From 2012 to 2022, average annual rates of growth with regard to medical gel preparations imports into Kazakhstan stood at +15.9%. At the same time, Kyrgyzstan (+21.2%), Armenia (+19.0%), Azerbaijan (+13.4%), Belarus (+12.2%) and Moldova (+9.5%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +21.2% from 2012-2022. By contrast, Russia (-10.1%) illustrated a downward trend over the same period. While the share of Kazakhstan (+21 p.p.), Kyrgyzstan (+4.9 p.p.), Armenia (+4.5 p.p.), Belarus (+3.7 p.p.) and Azerbaijan (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-34.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest medical gel preparations importing markets in the CIS were Belarus ($X), Kazakhstan ($X) and Armenia ($X), together accounting for 62% of total imports. Russia, Azerbaijan, Kyrgyzstan and Moldova lagged somewhat behind, together accounting for a further 15%.

In terms of the main importing countries, Kyrgyzstan, with a CAGR of +21.0%, 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 import price in the CIS amounted to $X per ton, therefore, remained relatively stable against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, medical gel preparations import price increased by +52.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 51% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belarus ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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