Mexico: Market for Medicaments Of Alkaloids Or Derivatives Thereof 2022

Market Size for Medicaments Of Alkaloids Or Derivatives Thereof in Mexico

After two years of growth, the Mexican market for medicaments of alkaloids or derivatives thereof decreased by -X% to $X in 2021. Overall, consumption saw 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 Of Alkaloids Or Derivatives Thereof in Mexico

In value terms, production of medicaments of alkaloids or derivatives thereof reduced to $X in 2021 estimated in export price. Overall, production recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Medicaments Of Alkaloids Or Derivatives Thereof

Exports from Mexico

In 2021, overseas shipments of medicaments of alkaloids or derivatives thereof were finally on the rise to reach X tons after three years of decline. In general, exports showed buoyant growth. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of medicaments of alkaloids or derivatives thereof surged to $X in 2021. Overall, exports, however, continue to indicate a abrupt contraction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Ecuador (X tons), Panama (X tons) and Colombia (X tons) were the main destinations of exports of medicaments of alkaloids or derivatives thereof from Mexico, together accounting for X% of total exports.

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

In value terms, the largest markets for medicaments of alkaloids or derivatives thereof exported from Mexico were Ecuador ($X), Panama ($X) and Colombia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Ecuador, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for medicaments of alkaloids or derivatives thereof amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the export price recorded a sharp downturn. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Panama ($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 the Dominican Republic (-X%), while the prices for the other major destinations experienced a decline.

Imports of Medicaments Of Alkaloids Or Derivatives Thereof

Imports into Mexico

Imports of medicaments of alkaloids or derivatives thereof into Mexico expanded slightly to X tons in 2021, picking up by X% against the previous year's figure. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of medicaments of alkaloids or derivatives thereof amounted to $X in 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of medicaments of alkaloids or derivatives thereof to Mexico, with a X% share of total imports. Moreover, imports of medicaments of alkaloids or derivatives thereof from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. Colombia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Colombia (-X% per year).

In value terms, Germany ($X) constituted the largest supplier of medicaments of alkaloids or derivatives thereof to Mexico, comprising X% of total imports. The second position in the ranking was held by India ($X), with an X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Spain (+X% per year).

Import Prices by Country

The average import price for medicaments of alkaloids or derivatives thereof stood at $X per ton in 2021, flattening at the previous year. In general, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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