Ireland: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Ireland

The Irish medicaments containing corticosteroid hormones market soared to $X in 2021, growing by 642% against the previous year. Overall, consumption enjoyed a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Medicaments Containing Corticosteroid Hormones in Ireland

In value terms, medicaments containing corticosteroid hormones production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2016 with an increase of 1,260% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then reduced in the following year.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Ireland

In 2021, after two years of growth, there was significant decline in shipments abroad of medicaments containing corticosteroid hormones, when their volume decreased by -37.5% to X tons. In general, exports, however, recorded tangible growth. The most prominent rate of growth was recorded in 2016 when exports increased by 28% against the previous year. The exports peaked at X tons in 2020, and then reduced sharply in the following year.

In value terms, medicaments containing corticosteroid hormones exports totaled $X in 2021. Over the period under review, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 44%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), the Netherlands (X tons) and the UK (X tons) were the main destinations of medicaments containing corticosteroid hormones exports from Ireland, together accounting for 59% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +43.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for medicaments containing corticosteroid hormones exports from Ireland, comprising 56% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total exports. It was followed by France, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +25.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+31.1% per year) and France (+16.5% per year).

Export Prices by Country

In 2021, the average medicaments containing corticosteroid hormones export price amounted to $X per ton, rising by 62% against the previous year. In general, the export price enjoyed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Ireland

After two years of decline, purchases abroad of medicaments containing corticosteroid hormones increased by 20% to X tons in 2021. In general, imports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of 89%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, medicaments containing corticosteroid hormones imports contracted to $X in 2021. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +102.5% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 78% against the previous year. As a result, imports attained the peak of $X, and then fell modestly in the following year.

Imports by Country

In 2021, Sweden (X tons) constituted the largest medicaments containing corticosteroid hormones supplier to Ireland, accounting for a 54% share of total imports. Moreover, medicaments containing corticosteroid hormones imports from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The UK (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.9% per year) and the UK (-23.4% per year).

In value terms, Germany ($X) constituted the largest supplier of medicaments containing corticosteroid hormones to Ireland, comprising 40% of total imports. The second position in the ranking was taken by Denmark ($X), with a 16% share of total imports. It was followed by Belgium, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +34.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+14.4% per year) and Belgium (+19.6% per year).

Import Prices by Country

In 2021, the average medicaments containing corticosteroid hormones import price amounted to $X per ton, waning by -20.9% against the previous year. Overall, the import price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 97% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+30.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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