Norway: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Norway

The Norwegian medicaments containing corticosteroid hormones market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption continues to indicate a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Medicaments Containing Corticosteroid Hormones in Norway

In value terms, medicaments containing corticosteroid hormones production skyrocketed to $X in 2021 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 2019 with an increase of 52%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Norway

In 2021, shipments abroad of medicaments containing corticosteroid hormones decreased by -97% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a sharp setback. The most prominent rate of growth was recorded in 2013 when exports increased by 49%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, medicaments containing corticosteroid hormones exports dropped remarkably to $X in 2021. Over the period under review, exports saw a significant curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 34% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Algeria (X tons) was the main destination for medicaments containing corticosteroid hormones exports from Norway, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Algeria amounted to -27.2%.

In value terms, Algeria ($X) remains the key foreign market for medicaments containing corticosteroid hormones exports from Norway, comprising 92% of total exports. The second position in the ranking was taken by Ireland ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Algeria stood at -31.0%.

Export Prices by Country

The average medicaments containing corticosteroid hormones export price stood at $X per ton in 2021, which is down by -6.2% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 46% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ireland ($X per ton), while the average price for exports to Algeria totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+29.0%).

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Norway

For the fourth consecutive year, Norway recorded growth in supplies from abroad of medicaments containing corticosteroid hormones, which increased by 94% to X tons in 2021. Over the period under review, imports recorded a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, medicaments containing corticosteroid hormones imports surged to $X in 2021. Overall, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Denmark (X tons) constituted the largest medicaments containing corticosteroid hormones supplier to Norway, accounting for a 45% share of total imports. Moreover, medicaments containing corticosteroid hormones imports from Denmark exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The UK (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark totaled +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+30.2% per year) and the UK (+36.0% per year).

In value terms, Denmark ($X) constituted the largest supplier of medicaments containing corticosteroid hormones to Norway, comprising 39% of total imports. The second position in the ranking was taken by the UK ($X), with a 13% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark stood at +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+32.4% per year) and Italy (+33.7% per year).

Import Prices by Country

The average medicaments containing corticosteroid hormones import price stood at $X per ton in 2021, surging by 5.2% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 16%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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