Europe: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Europe

For the fifth consecutive year, the Europe medicaments containing corticosteroid hormones market recorded growth in sales value, which increased by 4% to $X in 2021. In general, consumption saw buoyant growth. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Medicaments Containing Corticosteroid Hormones in Europe

In value terms, medicaments containing corticosteroid hormones production rose markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 28% against the previous year. Over the period under review, production attained the peak level in 2021 and is likely to see gradual growth in the near future.

Exports of Medicaments Containing Corticosteroid Hormones

Exports in Europe

In 2021, overseas shipments of medicaments containing corticosteroid hormones decreased by -4.3% to X tons for the first time since 2015, thus ending a five-year rising trend. The total export volume increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 15% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted in the following year.

In value terms, medicaments containing corticosteroid hormones exports expanded to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +67.1% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 22% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The biggest shipments were from Italy (X tons), France (X tons), Germany (X tons) and Belgium (X tons), together reaching 58% of total export. Spain (X tons) held the next position in the ranking, followed by the UK (X tons) and Sweden (X tons). All these countries together held approx. 18% share of total exports. The Netherlands (X tons), Ireland (X tons), Switzerland (X tons), Poland (X tons) and Hungary (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +17.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and France ($X) were the countries with the highest levels of exports in 2021, together accounting for 42% of total exports. These countries were followed by Belgium, Switzerland, the Netherlands, the UK, Ireland, Sweden, Spain, Hungary and Poland, which together accounted for a further 48%.

The Netherlands, with a CAGR of +15.7%, saw the highest rates of growth with regard to 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

In 2021, the export price in Europe amounted to $X per ton, growing by 8.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2020 an increase of 13%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+8.3%), while the other leaders experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports in Europe

In 2021, purchases abroad of medicaments containing corticosteroid hormones decreased by -0.3% to X tons, falling for the second year in a row after two years of growth. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% 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 -1.0% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 32% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, medicaments containing corticosteroid hormones imports expanded remarkably to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.1% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Denmark (X tons), distantly followed by Belgium (X tons), the UK (X tons), France (X tons), Italy (X tons), Germany (X tons), Russia (X tons) and Spain (X tons) represented the largest importers of medicaments containing corticosteroid hormones, together achieving 76% of total imports. The following importers - the Netherlands (X tons), Poland (X tons), Switzerland (X tons), Ireland (X tons) and Hungary (X tons) - together made up 12% of total imports.

Denmark was also the fastest-growing in terms of the medicaments containing corticosteroid hormones imports, with a CAGR of +54.9% from 2012 to 2021. At the same time, the Netherlands (+12.6%), Italy (+12.4%), Hungary (+9.1%), Germany (+8.6%), Belgium (+8.0%), Russia (+7.2%), Poland (+6.1%) and Switzerland (+2.2%) displayed positive paces of growth. By contrast, France (-1.3%), the UK (-3.2%), Spain (-6.0%) and Ireland (-6.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark, Italy, Belgium, the Netherlands and Germany increased by +23, +3, +2.1, +2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest medicaments containing corticosteroid hormones importing markets in Europe were Italy ($X), Switzerland ($X) and Belgium ($X), with a combined 41% share of total imports. Germany, the Netherlands, France, the UK, Denmark, Spain, Russia, Poland, Hungary and Ireland lagged somewhat behind, together comprising a further 48%.

In terms of the main importing countries, Denmark, with a CAGR of +31.7%, saw the highest growth rate of 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

The import price in Europe stood at $X per ton in 2021, picking up by 6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2020 when the import price increased by 21% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+10.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform