Peru: Market for Other Medicaments For Therapeutic Or Prophylactic Uses 2024

Market Size for Other Medicaments For Therapeutic Or Prophylactic Uses in Peru

After two years of growth, the Peruvian market for other medicaments for therapeutic or prophylactic uses decreased by X% to $X in 2022. In general, consumption saw a relatively flat trend pattern. Consumption of peaked at $X in 2021, and then reduced markedly in the following year.

Exports of Other Medicaments For Therapeutic Or Prophylactic Uses

Exports from Peru

In 2022, shipments abroad of other medicaments for therapeutic or prophylactic uses increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, recorded a deep reduction. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of other medicaments for therapeutic or prophylactic uses skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Bolivia (X tons) was the main destination for exports of other medicaments for therapeutic or prophylactic uses from Peru, with a X% share of total exports. Moreover, exports of other medicaments for therapeutic or prophylactic uses to Bolivia exceeded the volume sent to the second major destination, Mexico (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Bolivia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and the United States (X% per year).

In value terms, Bolivia ($X) emerged as the key foreign market for other medicaments for therapeutic or prophylactic uses exports from Peru, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bolivia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and the United States (X% per year).

Export Prices by Country

The average export price for other medicaments for therapeutic or prophylactic uses stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for other medicaments for therapeutic or prophylactic uses increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Medicaments For Therapeutic Or Prophylactic Uses

Imports into Peru

After two years of growth, purchases abroad of other medicaments for therapeutic or prophylactic uses decreased by X% to X tons in 2022. Over the period under review, imports, however, continue to indicate a mild expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, imports of other medicaments for therapeutic or prophylactic uses shrank dramatically to $X in 2022. Overall, imports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of other medicaments for therapeutic or prophylactic uses to Peru, with a X% share of total imports. Moreover, imports of other medicaments for therapeutic or prophylactic uses from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, India ($X) constituted the largest supplier of other medicaments for therapeutic or prophylactic uses to Peru, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

The average import price for other medicaments for therapeutic or prophylactic uses stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price recorded a pronounced descent. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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