Latin America and the Caribbean: Medicaments Containing Hormones Market 2024

Medicaments Containing Hormones Market Size in Latin America and the Caribbean

The Latin American medicaments containing hormones market reached $X in 2022, almost unchanged from the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Medicaments Containing Hormones Production in Latin America and the Caribbean

In value terms, medicaments containing hormones production amounted to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Medicaments Containing Hormones Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of medicaments containing hormones but not antibiotics decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, medicaments containing hormones exports surged to $X in 2022. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia represented the main exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by El Salvador (X tons), creating a X% share of total exports. Argentina (X tons), Uruguay (X tons) and Nicaragua (X tons) took a relatively small share of total exports.

Colombia was also the fastest-growing in terms of the medicaments containing hormones but not antibiotics exports, with a CAGR of X% from 2012 to 2022. At the same time, Uruguay (X%) and El Salvador (X%) displayed positive paces of growth. By contrast, Nicaragua (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.), El Salvador (X p.p.), Uruguay (X p.p.) and Nicaragua (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (X p.p.) displayed negative dynamics.

In value terms, the largest medicaments containing hormones supplying countries in Latin America and the Caribbean were Uruguay ($X), Colombia ($X) and Argentina ($X), with a combined X% share of total exports.

Colombia, with a CAGR of X%, saw 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 2022, rising by X% against the previous year. Overall, the export price, however, recorded a abrupt decrease. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (X%), while the other leaders experienced a decline in the export price figures.

Medicaments Containing Hormones Imports

Imports in Latin America and the Caribbean

After two years of decline, supplies from abroad of medicaments containing hormones but not antibiotics increased by X% to X tons in 2022. Overall, imports, however, showed a abrupt decline. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, medicaments containing hormones imports surged to $X in 2022. In general, imports, however, showed a abrupt setback. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons) and the Dominican Republic (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Guatemala (X tons), Venezuela (X tons), Nicaragua (X tons) and Turks and Caicos Islands (X tons), together making up a X% share of total imports. Bahamas (X tons), Bolivia (X tons), Costa Rica (X tons), Haiti (X tons), Cuba (X tons) and Honduras (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bolivia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported medicaments containing hormones but not antibiotics in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Venezuela ($X), with a X% share of total imports. It was followed by the Dominican Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at X%. In the other countries, the average annual rates were as follows: Venezuela (X% per year) and the Dominican Republic (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Turks and Caicos Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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