Ecuador: Market for Other Medicaments For Therapeutic Or Prophylactic Uses 2025

Market Size for Other Medicaments For Therapeutic Or Prophylactic Uses in Ecuador

The Ecuadorian market for other medicaments for therapeutic or prophylactic uses soared to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a abrupt downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Other Medicaments For Therapeutic Or Prophylactic Uses

Exports from Ecuador

In 2022, the amount of other medicaments for therapeutic or prophylactic uses exported from Ecuador surged to X tons, increasing by X% compared with 2021. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of other medicaments for therapeutic or prophylactic uses rose remarkably to $X in 2022. Overall, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for exports of other medicaments for therapeutic or prophylactic uses from Ecuador, with a X% share of total exports. Moreover, exports of other medicaments for therapeutic or prophylactic uses to Chile exceeded the volume sent to the second major destination, Panama (X tons), fourfold. The Dominican Republic (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Chile was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and the Dominican Republic (X% per year).

In value terms, Chile ($X), the Dominican Republic ($X) and Panama ($X) were the largest markets for other medicaments for therapeutic or prophylactic uses exported from Ecuador worldwide, with a combined X% share of total exports.

The Dominican Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for other medicaments for therapeutic or prophylactic uses stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Chile ($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 mixed trend patterns.

Imports of Other Medicaments For Therapeutic Or Prophylactic Uses

Imports into Ecuador

For the third consecutive year, Ecuador recorded growth in overseas purchases of other medicaments for therapeutic or prophylactic uses, which increased by X% to X tons in 2022. Overall, imports, however, showed a abrupt curtailment. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of other medicaments for therapeutic or prophylactic uses dropped markedly to $X in 2022. Over the period under review, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Peru (X tons) constituted the largest other medicaments for therapeutic or prophylactic uses supplier to Ecuador, with a X% share of total imports. Moreover, imports of other medicaments for therapeutic or prophylactic uses from Peru exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Uruguay (X tons) 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 Peru stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Uruguay (X% per year).

In value terms, Peru ($X) constituted the largest supplier of other medicaments for therapeutic or prophylactic uses to Ecuador, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

In 2022, the average import price for other medicaments for therapeutic or prophylactic uses amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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