Eastern Europe: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Eastern Europe

The East European medicaments containing corticosteroid hormones market soared to $X in 2021, jumping by 18% against the previous year. Over the period under review, consumption showed a slight expansion. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Medicaments Containing Corticosteroid Hormones in Eastern Europe

In value terms, medicaments containing corticosteroid hormones production declined to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 44% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Medicaments Containing Corticosteroid Hormones

Exports in Eastern Europe

Medicaments containing corticosteroid hormones exports fell modestly to X tons in 2021, waning by -4.3% against 2020. In general, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2017 with an increase of 47% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020, and then fell in the following year.

In value terms, medicaments containing corticosteroid hormones exports expanded sharply to $X in 2021. Overall, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 38%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

In 2021, Poland (X tons), Hungary (X tons) and the Czech Republic (X tons) represented the largest exporter of medicaments containing corticosteroid hormones in Eastern Europe, achieving 72% of total export. Russia (X tons) ranks next in terms of the total exports with a 5.8% share, followed by Romania (5.1%). Belarus (X tons) and Ukraine (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +22.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Poland ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 80% of total exports. Romania, Russia, Ukraine and Belarus lagged somewhat behind, together accounting for a further 5.9%.

Belarus, with a CAGR of +25.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, growing by 11% against the previous year. Over the period under review, the export price, however, saw a mild decline. The most prominent rate of growth was recorded in 2014 an increase of 12%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Hungary ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.7%), while the other leaders experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports in Eastern Europe

Medicaments containing corticosteroid hormones imports expanded markedly to X tons in 2021, picking up by 15% on the previous year's figure. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.6% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 21% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, medicaments containing corticosteroid hormones imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 20% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) represented the largest importer of medicaments containing corticosteroid hormones, making up 41% of total imports. Poland (X tons) took the second position in the ranking, followed by Hungary (X tons), the Czech Republic (X tons), Romania (X tons) and Ukraine (X tons). All these countries together held near 46% share of total imports. Bulgaria (X tons) took a little share of total imports.

Imports into Russia increased at an average annual rate of +7.2% from 2012 to 2021. At the same time, the Czech Republic (+9.2%), Hungary (+9.1%), Romania (+8.8%), Poland (+6.1%), Bulgaria (+3.2%) and Ukraine (+1.6%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +9.2% from 2012-2021. Hungary (+1.8 p.p.) and the Czech Republic (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Ukraine saw its share reduced by -3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), the Czech Republic ($X) and Poland ($X) were the countries with the highest levels of imports in 2021, with a combined 61% share of total imports. These countries were followed by Hungary, Romania, Ukraine and Bulgaria, which together accounted for a further 27%.

Among the main importing countries, Romania, with a CAGR of +10.2%, saw 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 2021, the import price in Eastern Europe amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price, however, showed a perceptible descent. The growth pace was the most rapid in 2020 when the import price increased by 9.7% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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