Japan: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Japan

In 2021, the Japanese medicaments containing corticosteroid hormones market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a noticeable downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Medicaments Containing Corticosteroid Hormones in Japan

In value terms, medicaments containing corticosteroid hormones production surged to $X in 2021 estimated in export price. In general, production, however, recorded a drastic downturn. The growth pace was the most rapid in 2015 with an increase of 51%. Medicaments containing corticosteroid hormones production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Japan

In 2021, the amount of medicaments containing corticosteroid hormones exported from Japan soared to X tons, picking up by 61% compared with the year before. Over the period under review, exports recorded resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, medicaments containing corticosteroid hormones exports soared to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 24% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), South Korea (X tons) and the United States (X tons) were the main destinations of medicaments containing corticosteroid hormones exports from Japan, together accounting for 63% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +51.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for medicaments containing corticosteroid hormones exports from Japan, comprising 48% of total exports. The second position in the ranking was taken by China ($X), with a 17% share of total exports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+15.5% per year) and the Netherlands (-5.9% per year).

Export Prices by Country

In 2021, the average medicaments containing corticosteroid hormones export price amounted to $X per kg, with a decrease of -26.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 1.6% against the previous year. The export price peaked at $X per kg in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per kg), while the average price for exports to Vietnam ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-0.6%), while the prices for the other major destinations experienced a decline.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Japan

Medicaments containing corticosteroid hormones imports into Japan expanded remarkably to X tons in 2021, surging by 6% on 2020 figures. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% 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 +59.5% against 2012 indices. The growth pace was the most rapid in 2018 when imports increased by 15%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, medicaments containing corticosteroid hormones imports reduced to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 13% against the previous year. Imports peaked at $X in 2020, and then reduced modestly in the following year.

Imports by Country

The UK (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of medicaments containing corticosteroid hormones imports to Japan, together comprising 55% of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +27.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), the UK ($X) and Germany ($X) appeared to be the largest medicaments containing corticosteroid hormones suppliers to Japan, with a combined 57% share of total imports. France, the United States, Spain, Belgium, Sweden, Italy and Australia lagged somewhat behind, together accounting for a further 36%.

Among the main suppliers, the United States, with a CAGR of +22.4%, recorded 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 average medicaments containing corticosteroid hormones import price stood at $X per ton in 2021, dropping by -6.6% against the previous year. In general, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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