Ecuador: Medicaments Containing Hormones Market 2024

Medicaments Containing Hormones Market Size in Ecuador

The Ecuadorian medicaments containing hormones market reached $X in 2022, approximately reflecting the previous year. In general, consumption posted a prominent increase. Medicaments containing hormones consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Medicaments Containing Hormones Production in Ecuador

In value terms, medicaments containing hormones production stood at $X in 2022 estimated in export price. Overall, production continues to indicate resilient growth. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Medicaments Containing Hormones Exports

Exports from Ecuador

In 2022, the amount of medicaments containing hormones but not antibiotics exported from Ecuador skyrocketed to X tons, increasing by X% compared with 2021. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, medicaments containing hormones exports reduced rapidly to $X in 2022. In general, exports posted a significant expansion. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

The United States (X tons) was the main destination for medicaments containing hormones exports from Ecuador, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%.

In value terms, the United States ($X) emerged as the key foreign market for medicaments containing hormones but not antibiotics exports from Ecuador.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%.

Export Prices by Country

In 2022, the average medicaments containing hormones export price amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, continues to indicate a temperate increase. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 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 the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Medicaments Containing Hormones Imports

Imports into Ecuador

After four years of growth, purchases abroad of medicaments containing hormones but not antibiotics decreased by X% to X kg in 2022. Overall, imports showed a abrupt descent. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X kg in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, medicaments containing hormones imports declined to $X in 2022. Over the period under review, imports showed a significant decline. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Colombia (X kg) constituted the largest supplier of medicaments containing hormones to Ecuador, with a X% share of total imports. Moreover, medicaments containing hormones imports from Colombia exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), eightfold. The United States (X kg) ranked third in terms of total imports with a X% share.

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

In value terms, Colombia ($X) constituted the largest supplier of medicaments containing hormones but not antibiotics to Ecuador, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

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

Import Prices by Country

In 2022, the average medicaments containing hormones import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($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

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