MERCOSUR: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in MERCOSUR

The MERCOSUR medical gel preparations market reached $X in 2022, approximately mirroring the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Medical Gel Preparations Production in MERCOSUR

In value terms, medical gel preparations production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 23%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Medical Gel Preparations Exports

Exports in MERCOSUR

In 2022, shipments abroad of gel preparations for human or veterinary medicine decreased by -28.3% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 45% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, medical gel preparations exports dropped sharply to $X in 2022. Over the period under review, exports faced a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 31% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Brazil (X tons) represented the largest exporter of gel preparations for human or veterinary medicine, mixing up 69% of total exports. Chile (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Argentina (9.8%) and Colombia (6.5%). The following exporters - Ecuador (X tons) and Peru (X tons) - each reached a 4% share of total exports.

Exports from Brazil decreased at an average annual rate of -12.2% from 2012 to 2022. At the same time, Peru (+21.3%), Colombia (+17.1%), Argentina (+14.2%) and Ecuador (+11.6%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +21.3% from 2012-2022. By contrast, Chile (-13.9%) illustrated a downward trend over the same period. Argentina (+9 p.p.), Colombia (+6.1 p.p.), Peru (+1.9 p.p.) and Ecuador (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Chile and Brazil saw its share reduced by -3.7% and -7% from 2012 to 2022, respectively.

In value terms, the largest medical gel preparations supplying countries in MERCOSUR were Argentina ($X), Brazil ($X) and Colombia ($X), with a combined 90% share of total exports. Ecuador, Peru and Chile lagged somewhat behind, together comprising a further 7.7%.

Peru, with a CAGR of +29.0%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in MERCOSUR amounted to $X per ton, rising by 4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 34%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+6.7%), while the other leaders experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports in MERCOSUR

In 2022, after two years of growth, there was significant decline in supplies from abroad of gel preparations for human or veterinary medicine, when their volume decreased by -9.4% to X tons. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 54%. Over the period under review, imports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, medical gel preparations imports rose slightly to $X in 2022. Over the period under review, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 62%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of medical gel preparations imports in 2022 were Venezuela (X tons), Colombia (X tons), Chile (X tons), Brazil (X tons) and Peru (X tons), together resulting at 86% of total import. It was distantly followed by Ecuador (X tons), constituting a 5.4% share of total imports. Uruguay (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Peru (with a CAGR of +26.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Colombia ($X) were the countries with the highest levels of imports in 2022, together comprising 73% of total imports. Peru, Venezuela, Ecuador and Uruguay lagged somewhat behind, together comprising a further 21%.

Among the main importing countries, Peru, with a CAGR of +23.2%, saw the highest rates of growth with regard to 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 import price in MERCOSUR stood at $X per ton in 2022, picking up by 15% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 19%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform