Italy: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Italy

For the third consecutive year, the Italian medicaments containing corticosteroid hormones market recorded decline in sales value, which decreased by -31.2% to $X in 2021. In general, consumption showed a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Medicaments Containing Corticosteroid Hormones in Italy

In value terms, medicaments containing corticosteroid hormones production fell remarkably to $X in 2021 estimated in export price. In general, production, however, enjoyed a moderate expansion. The growth pace was the most rapid in 2018 with an increase of 507% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Italy

In 2021, overseas shipments of medicaments containing corticosteroid hormones increased by 1.2% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +37.7% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of 50%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, medicaments containing corticosteroid hormones exports expanded modestly to $X in 2021. In general, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by 32%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X tons), the Netherlands (X tons) and the United States (X tons) were the main destinations of medicaments containing corticosteroid hormones exports from Italy, together comprising 28% of total exports. These countries were followed by Germany, China, Nigeria, Israel, the UK, Ghana, Belgium, Uruguay, the United Arab Emirates and Senegal, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Uruguay (with a CAGR of +96.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medicaments containing corticosteroid hormones exported from Italy were Belgium ($X), the United States ($X) and Germany ($X), with a combined 64% share of total exports. These countries were followed by the UK, France, China, the Netherlands, Uruguay, Israel, the United Arab Emirates, Nigeria, Ghana and Senegal, which together accounted for a further 19%.

Uruguay, with a CAGR of +90.7%, saw the highest rates of growth with regard to the value of exports, among 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 medicaments containing corticosteroid hormones export price stood at $X per ton in 2021, growing by 3.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2013 an increase of 21%. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Nigeria ($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 Belgium (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Italy

In 2021, the amount of medicaments containing corticosteroid hormones imported into Italy expanded significantly to X tons, increasing by 9.7% on 2020. Overall, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 81%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, medicaments containing corticosteroid hormones imports declined to $X in 2021. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by 68% against the previous year. Imports peaked at $X in 2020, and then contracted in the following year.

Imports by Country

Germany (X tons), France (X tons) and Denmark (X tons) were the main suppliers of medicaments containing corticosteroid hormones imports to Italy, together accounting for 57% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +40.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of medicaments containing corticosteroid hormones to Italy, comprising 48% of total imports. The second position in the ranking was held by Germany ($X), with a 21% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from France stood at +33.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+40.1% per year) and Belgium (+15.5% per year).

Import Prices by Country

The average medicaments containing corticosteroid hormones import price stood at $X per ton in 2021, dropping by -20.7% against the previous year. Overall, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 an increase of 44% against the previous year. The import price peaked at $X per ton in 2020, and then reduced sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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