Costa Rica: Medicaments Containing Hormones Market 2024

Medicaments Containing Hormones Market Size in Costa Rica

The Costa Rican medicaments containing hormones market reached $X in 2022, approximately equating the previous year. Over the period under review, consumption continues to indicate a significant expansion. Medicaments containing hormones consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Medicaments Containing Hormones Production in Costa Rica

In value terms, medicaments containing hormones production shrank slightly to $X in 2022 estimated in export price. Overall, production showed significant growth. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Medicaments Containing Hormones Exports

Exports from Costa Rica

In 2022, overseas shipments of medicaments containing hormones but not antibiotics decreased by X% to X kg for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, medicaments containing hormones exports dropped rapidly to $X in 2022. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Nicaragua (X kg) was the main destination for medicaments containing hormones exports from Costa Rica, with a X% share of total exports. Moreover, medicaments containing hormones exports to Nicaragua exceeded the volume sent to the second major destination, Guatemala (X kg), more than tenfold. Belize (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nicaragua stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Belize (X% per year).

In value terms, Nicaragua ($X) remains the key foreign market for medicaments containing hormones but not antibiotics exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by Panama ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Nicaragua totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Guatemala (X% per year).

Export Prices by Country

In 2022, the average medicaments containing hormones export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price saw significant growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X,000 per ton), while the average price for exports to El Salvador ($X per ton) was amongst the lowest.

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

Medicaments Containing Hormones Imports

Imports into Costa Rica

In 2022, approx. X tons of medicaments containing hormones but not antibiotics were imported into Costa Rica; with an increase of X% compared with the previous year's figure. Over the period under review, imports saw resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, medicaments containing hormones imports skyrocketed to $X in 2022. In general, imports, however, saw a perceptible reduction. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Panama (X tons) constituted the largest supplier of medicaments containing hormones to Costa Rica, accounting for a X% share of total imports. Moreover, medicaments containing hormones imports from Panama exceeded the figures recorded by the second-largest supplier, Denmark (X kg), sevenfold. The Netherlands (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Panama amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and the Netherlands (X% per year).

In value terms, Panama ($X), the Netherlands ($X) and Denmark ($X) appeared to be the largest medicaments containing hormones suppliers to Costa Rica, together accounting for X% of total imports.

The Netherlands, with a CAGR of X%, recorded 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 mixed trend patterns.

Import Prices by Country

In 2022, the average medicaments containing hormones import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 India ($X,600 per ton), while the price for Panama ($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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform