Greece: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Greece

In 2022, the Greek medical gel preparations market increased by 2.8% to $X, rising for the third year in a row after three years of decline. Over the period under review, consumption, however, continues to indicate a mild contraction. Medical gel preparations consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Medical Gel Preparations Production in Greece

In value terms, medical gel preparations production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by 49% against the previous year. Medical gel preparations production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Medical Gel Preparations Exports

Exports from Greece

Medical gel preparations exports from Greece expanded modestly to X tons in 2022, with an increase of 2.8% on the previous year. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 2,854% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, medical gel preparations exports reduced slightly to $X in 2022. In general, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 1,514% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for medical gel preparations exports from Greece, with a 52% share of total exports. Moreover, medical gel preparations exports to Sweden exceeded the volume sent to the second major destination, Israel (X tons), fourfold. The third position in this ranking was taken by Libya (X tons), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+64.4% per year) and Libya (0.0% per year).

In value terms, Cyprus ($X) remains the key foreign market for gel preparations for human or veterinary medicine exports from Greece, comprising 42% of total exports. The second position in the ranking was taken by Sweden ($X), with a 20% share of total exports. It was followed by the Philippines, with a 9% share.

From 2012 to 2022, the average annual growth rate of value to Cyprus amounted to +119.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-9.1% per year) and the Philippines (0.0% per year).

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, falling by -4.5% against the previous year. Over the period under review, the export price saw a pronounced decline. The pace of growth appeared the most rapid in 2021 an increase of 197% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Israel ($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 Belgium (+44.3%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Greece

In 2022, approx. X tons of gel preparations for human or veterinary medicine were imported into Greece; with a decrease of -12.3% compared with the year before. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 494%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, medical gel preparations imports skyrocketed to $X in 2022. Overall, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 435%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of medical gel preparations to Greece, accounting for a 56% share of total imports. Moreover, medical gel preparations imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.1% per year) and Belgium (+3.5% per year).

In value terms, Spain ($X), Italy ($X) and the Netherlands ($X) appeared to be the largest medical gel preparations suppliers to Greece, with a combined 44% share of total imports. Belgium, Turkey, France, Bulgaria, Austria, Ireland and the UK lagged somewhat behind, together accounting for a further 38%.

Bulgaria, with a CAGR of +59.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medical gel preparations import price stood at $X per ton in 2022, with an increase of 34% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 45%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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