Latin America and the Caribbean: Chemical Contraceptive Preparations Market 2024

Chemical Contraceptive Preparations Market Size in Latin America and the Caribbean

The Latin American chemical contraceptive preparations market rose slightly to $X in 2021, with an increase of 2.7% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 8.3% against the previous year. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Chemical Contraceptive Preparations Production in Latin America and the Caribbean

In value terms, chemical contraceptive preparations production declined modestly to $X in 2021 estimated in export price. In general, production saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 25%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Chemical Contraceptive Preparations Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of chemical contraceptive preparations based on hormones or spermicides was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt slump. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, chemical contraceptive preparations exports shrank to $X in 2021. Over the period under review, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 7.9% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) and Uruguay (X tons) represented roughly 62% of total exports in 2021. It was distantly followed by Chile (X tons), El Salvador (X tons) and Colombia (X tons), together achieving a 30% share of total exports. The following exporters - Panama (X tons) and Peru (X tons) - together made up 4.8% of total exports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +25.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest chemical contraceptive preparations supplying countries in Latin America and the Caribbean were Uruguay ($X), Brazil ($X) and El Salvador ($X), with a combined 73% share of total exports. These countries were followed by Chile, Colombia, Panama and Peru, which together accounted for a further 23%.

Peru, with a CAGR of +26.9%, recorded 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

The export price in Latin America and the Caribbean stood at $X per ton in 2021, falling by -20.7% against the previous year. Over the period under review, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2019 an increase of 17%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+3.1%), while the other leaders experienced more modest paces of growth.

Chemical Contraceptive Preparations Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of chemical contraceptive preparations based on hormones or spermicides increased by 14% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, chemical contraceptive preparations imports stood at $X in 2021. In general, imports, however, continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2018 with an increase of 7.9%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons), Argentina (X tons), Chile (X tons), Colombia (X tons), Ecuador (X tons) and Peru (X tons) was the major importer of chemical contraceptive preparations based on hormones or spermicides in Latin America and the Caribbean, constituting 68% of total import. It was distantly followed by Honduras (X tons), creating a 5.1% share of total imports. Guatemala (X tons), Costa Rica (X tons), Nicaragua (X tons), Panama (X tons), El Salvador (X tons) and the Dominican Republic (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Dominican Republic (with a CAGR of +43.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chemical contraceptive preparations importing markets in Latin America and the Caribbean were Brazil ($X), Chile ($X) and Argentina ($X), with a combined 50% share of total imports. Colombia, Peru, Costa Rica, Ecuador, Panama, Honduras, Guatemala, Nicaragua, El Salvador and the Dominican Republic lagged somewhat behind, together comprising a further 42%.

Panama, with a CAGR of +53.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 Latin America and the Caribbean stood at $X per ton in 2021, which is down by -12% against the previous year. In general, the import price recorded a noticeable decline. The growth pace was the most rapid in 2018 an increase of 16% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Costa Rica ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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