Europe: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Europe

In 2022, the Europe medical gel preparations market increased by 0.5% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption, however, showed strong growth. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Medical Gel Preparations Production in Europe

In value terms, medical gel preparations production reduced rapidly to $X in 2022 estimated in export price. In general, production, however, showed a mild descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by 25% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Medical Gel Preparations Exports

Exports in Europe

In 2022, overseas shipments of gel preparations for human or veterinary medicine increased by 2% to X tons, rising for the sixth year in a row after two years of decline. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.0% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 37% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, medical gel preparations exports soared to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.9% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 24%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Italy (X tons), distantly followed by Spain (X tons), Germany (X tons), Hungary (X tons), the Netherlands (X tons) and the UK (X tons) were the major exporters of gel preparations for human or veterinary medicine, together comprising 78% of total exports. The following exporters - France (X tons), Ireland (X tons), Denmark (X tons), Belgium (X tons) and the Czech Republic (X tons) - together made up 15% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +21.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest medical gel preparations supplying countries in Europe were Ireland ($X), Germany ($X) and the Netherlands ($X), together comprising 48% of total exports.

In terms of the main exporting countries, the Netherlands, with a CAGR of +19.4%, recorded the highest rates of growth with regard to the value of exports, 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 Europe stood at $X per ton in 2022, jumping by 18% against the previous year. Over the period under review, the export price, however, recorded a noticeable reduction. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+7.4%), while the other leaders experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports in Europe

After four years of growth, overseas purchases of gel preparations for human or veterinary medicine decreased by -4.9% to X tons in 2022. In general, imports, however, showed a prominent increase. The growth pace was the most rapid in 2018 with an increase of 29% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank slightly in the following year.

In value terms, medical gel preparations imports rose notably to $X in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 177% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

The Netherlands represented the main importing country with an import of around X tons, which recorded 29% of total imports. The UK (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by France (10%), Spain (9%), Italy (8.4%) and Poland (5%). Germany (X tons), the Czech Republic (X tons), Austria (X tons), Romania (X tons) and Switzerland (X tons) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the gel preparations for human or veterinary medicine imports, with a CAGR of +48.4% from 2012 to 2022. At the same time, Poland (+22.4%), the Czech Republic (+18.5%), Spain (+9.4%), Romania (+9.4%), the UK (+7.8%), Switzerland (+6.9%), Italy (+6.4%), France (+5.3%) and Austria (+4.7%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. While the share of the Netherlands (+28 p.p.) and Poland (+3.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the UK (-2.6 p.p.), Italy (-3.1 p.p.), France (-5.4 p.p.) and Germany (-7.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported gel preparations for human or veterinary medicine in Europe, comprising 91% of total imports. The second position in the ranking was held by the UK ($X), with a 1.5% share of total imports. It was followed by France, with a 1% share.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to +84.6%. In the other countries, the average annual rates were as follows: the UK (+10.0% per year) and France (-2.3% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, picking up by 11% against the previous year. Overall, the import price recorded significant growth. The pace of growth was the most pronounced in 2018 when the import price increased by 116%. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Austria ($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 (+24.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform