Pakistan: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Pakistan

The Pakistani medicaments containing corticosteroid hormones market fell sharply to $X in 2021, declining by -25.8% against the previous year. Over the period under review, consumption recorded a slight contraction. Medicaments containing corticosteroid hormones consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Medicaments Containing Corticosteroid Hormones in Pakistan

In value terms, medicaments containing corticosteroid hormones production totaled $X in 2021 estimated in export price. In general, production posted a prominent increase. The growth pace was the most rapid in 2015 with an increase of 43%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Pakistan

For the fifth year in a row, Pakistan recorded growth in overseas shipments of medicaments containing corticosteroid hormones, which increased by 26% to X tons in 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 59% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, medicaments containing corticosteroid hormones exports stood at $X in 2021. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2015 when exports increased by 56% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

Afghanistan (X tons) was the main destination for medicaments containing corticosteroid hormones exports from Pakistan, accounting for a 48% share of total exports. Moreover, medicaments containing corticosteroid hormones exports to Afghanistan exceeded the volume sent to the second major destination, the Philippines (X tons), threefold. Sri Lanka (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Afghanistan stood at +82.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+13.5% per year) and Sri Lanka (+11.4% per year).

In value terms, the largest markets for medicaments containing corticosteroid hormones exported from Pakistan were Afghanistan ($X), the Philippines ($X) and Sri Lanka ($X), with a combined 65% share of total exports.

Afghanistan, with a CAGR of +64.0%, saw the highest growth rate of 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, with a decrease of -12.3% against the previous year. Over the period under review, the export price saw a noticeable slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood 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 Cambodia ($X per ton), while the average price for exports to Afghanistan ($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 Iraq (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Pakistan

In 2021, purchases abroad of medicaments containing corticosteroid hormones increased by 20% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 41% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, medicaments containing corticosteroid hormones imports fell slightly to $X in 2021. In general, imports, however, showed a deep contraction. The growth pace was the most rapid in 2016 with an increase of 32%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of medicaments containing corticosteroid hormones imports to Pakistan, with a combined 70% share of total imports. The Netherlands, Canada, the United Arab Emirates, France and Belgium lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +198.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing corticosteroid hormones suppliers to Pakistan were China ($X), Germany ($X) and Italy ($X), together comprising 61% of total imports. These countries were followed by the Netherlands, the United Arab Emirates, Canada, Belgium and France, which together accounted for a further 20%.

In terms of the main suppliers, Canada, with a CAGR of +186.4%, saw the highest growth rate of 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 average medicaments containing corticosteroid hormones import price stood at $X per ton in 2021, falling by -19.5% against the previous year. Over the period under review, the import price, however, recorded modest growth. The most prominent rate of growth was recorded in 2013 an increase of 24%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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