New Zealand: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in New Zealand

The New Zealand medicaments containing corticosteroid hormones market rose rapidly to $X in 2021, with an increase of 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a mild decline. Medicaments containing corticosteroid hormones consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from New Zealand

In 2021, medicaments containing corticosteroid hormones exports from New Zealand surged to X tons, rising by 37% against the year before. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 140%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, medicaments containing corticosteroid hormones exports expanded modestly to $X in 2021. Overall, exports, however, continue to indicate a slight setback. The growth pace was the most rapid in 2015 when exports increased by 149% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Fiji (X tons), Belgium (X tons) and Vanuatu (X tons) were the main destinations of medicaments containing corticosteroid hormones exports from New Zealand, with a combined 49% share of total exports. These countries were followed by Hong Kong SAR, the United States, Switzerland, Australia and Canada, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +53.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vanuatu ($X), Belgium ($X) and Fiji ($X) appeared to be the largest markets for medicaments containing corticosteroid hormones exported from New Zealand worldwide, with a combined 58% share of total exports. These countries were followed by Hong Kong SAR, the United States, Australia, Switzerland and Canada, which together accounted for a further 29%.

Switzerland, with a CAGR of +36.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average medicaments containing corticosteroid hormones export price amounted to $X per ton, waning by -24.4% against the previous year. Over the period under review, the export price, however, recorded tangible growth. The most prominent rate of growth was recorded in 2017 an increase of 166%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Vanuatu ($X per ton), while the average price for exports to Switzerland ($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 Barbados (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into New Zealand

In 2021, purchases abroad of medicaments containing corticosteroid hormones increased by 13% to X tons, rising for the third year in a row after five years of decline. Over the period under review, imports, however, saw a perceptible slump. The pace of growth was the most pronounced in 2013 when imports increased by 13% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, medicaments containing corticosteroid hormones imports soared to $X in 2021. In general, imports, however, showed a slight curtailment. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Sweden (X tons) constituted the largest medicaments containing corticosteroid hormones supplier to New Zealand, accounting for a 29% share of total imports. Moreover, medicaments containing corticosteroid hormones imports from Sweden exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The United States (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden totaled +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-13.1% per year) and the United States (-8.8% per year).

In value terms, the largest medicaments containing corticosteroid hormones suppliers to New Zealand were Sweden ($X), Germany ($X) and Belgium ($X), with a combined 43% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +24.0%, recorded 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

In 2021, the average medicaments containing corticosteroid hormones import price amounted to $X per ton, picking up by 3.6% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2015 an increase of 27%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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