Colombia: Market for Medicaments Of Alkaloids Or Derivatives Thereof 2022

Market Size for Medicaments Of Alkaloids Or Derivatives Thereof in Colombia

In 2021, the Colombian market for medicaments of alkaloids or derivatives thereof decreased by -X% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank in the following year.

Production of Medicaments Of Alkaloids Or Derivatives Thereof in Colombia

In value terms, production of medicaments of alkaloids or derivatives thereof fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Production of peaked at $X in 2020, and then dropped modestly in the following year.

Exports of Medicaments Of Alkaloids Or Derivatives Thereof

Exports from Colombia

In 2021, the amount of medicaments of alkaloids or derivatives thereof exported from Colombia fell to X tons, with a decrease of -X% against the year before. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of medicaments of alkaloids or derivatives thereof soared to $X in 2021. Over the period under review, exports recorded a sharp curtailment. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X tons), Ecuador (X tons) and Mexico (X tons) were the main destinations of exports of medicaments of alkaloids or derivatives thereof from Colombia, with a combined X% share of total exports. The United States, Venezuela, Peru, Paraguay, Vietnam and Panama lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +X%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for medicaments of alkaloids or derivatives thereof exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-X% per year) and Ecuador (-X% per year).

Export Prices by Country

The average export price for medicaments of alkaloids or derivatives thereof stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the export price, however, showed a perceptible slump. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

Imports of Medicaments Of Alkaloids Or Derivatives Thereof

Imports into Colombia

For the fourth year in a row, Colombia recorded growth in overseas purchases of medicaments of alkaloids or derivatives thereof, which increased by X% to X tons in 2021. Over the period under review, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports of hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imports of medicaments of alkaloids or derivatives thereof rose significantly to $X in 2021. Overall, imports, however, showed a dramatic curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The United States (X tons), Ireland (X tons) and Chile (X tons) were the main suppliers of imports of medicaments of alkaloids or derivatives thereof to Colombia, with a combined X% share of total imports. These countries were followed by Germany, Canada, Mexico and Ecuador, which together accounted for a further X 2012 to 2021, the biggest increases were in Canada (with a CAGR of +X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of medicaments of alkaloids or derivatives thereof to Colombia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Chile (-X% per year).

Import Prices by Country

The average import price for medicaments of alkaloids or derivatives thereof stood at $X per ton in 2021, dropping by -X% against the previous year. Overall, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, 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 the United States ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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