Northern America: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Northern America

In 2022, the North American medical gel preparations market increased by 0.9% to $X, rising for the eighth year in a row after two years of decline. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +71.0% against 2014 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Medical Gel Preparations Production in Northern America

In value terms, medical gel preparations production amounted to $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 -2.4% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 16% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Medical Gel Preparations Exports

Exports in Northern America

In 2022, shipments abroad of gel preparations for human or veterinary medicine increased by 11% to X tons, rising for the second year in a row after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 20%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, medical gel preparations exports soared to $X in 2022. Overall, exports showed a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by 25%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

The United States prevails in exports structure, resulting at X tons, which was approx. 97% of total exports in 2022. Canada (X tons) held a minor share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of gel preparations for human or veterinary medicine. At the same time, Canada (+3.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +3.7% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest medical gel preparations supplier in Northern America, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +9.8%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, surging by 7.9% against the previous year. In general, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2019 when the export price increased by 31%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%).

Medical Gel Preparations Imports

Imports in Northern America

In 2022, the amount of gel preparations for human or veterinary medicine imported in Northern America rose to X tons, increasing by 5% against 2021 figures. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, medical gel preparations imports totaled $X in 2022. Over the period under review, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 83% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) was the largest importer of gel preparations for human or veterinary medicine, committing 77% of total imports. It was distantly followed by Canada (X tons), comprising a 23% share of total imports.

The United States was also the fastest-growing in terms of the gel preparations for human or veterinary medicine imports, with a CAGR of +13.0% from 2012 to 2022. At the same time, Canada (+11.5%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by +2.7 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported gel preparations for human or veterinary medicine in Northern America, comprising 75% of total imports. The second position in the ranking was taken by Canada ($X), with a 25% share of total imports.

In the United States, medical gel preparations imports expanded at an average annual rate of +14.9% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, surging by 3% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 an increase of 23%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.4%).

Source: IndexBox Platform

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