Portugal: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Portugal

The Portuguese medical gel preparations market stood at $X in 2022, with an increase of 2.6% 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). In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Medical Gel Preparations Exports

Exports from Portugal

In 2022, the amount of gel preparations for human or veterinary medicine exported from Portugal dropped remarkably to X tons, falling by -49.4% on the previous year's figure. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 172%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, medical gel preparations exports rose remarkably to $X in 2022. Overall, exports, however, enjoyed a noticeable expansion. The growth pace was the most rapid in 2018 when exports increased by 151%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Angola (X tons) was the main destination for medical gel preparations exports from Portugal, with a 43% share of total exports. Moreover, medical gel preparations exports to Angola exceeded the volume sent to the second major destination, Ukraine (X tons), twofold. The third position in this ranking was taken by Mozambique (X kg), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Angola totaled -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+2,347.4% per year) and Mozambique (-5.9% per year).

In value terms, Angola ($X), Ukraine ($X) and El Salvador ($X) appeared to be the largest markets for medical gel preparations exported from Portugal worldwide, together accounting for 73% of total exports.

Ukraine, with a CAGR of +7,108.8%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average medical gel preparations export price stood at $X per ton in 2022, picking up by 115% against the previous year. In general, the export price recorded a measured expansion. The growth pace was the most rapid in 2018 when the average export price increased by 260% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Mozambique ($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 Ukraine (+194.6%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Portugal

In 2022, approx. X tons of gel preparations for human or veterinary medicine were imported into Portugal; growing by 12% against the previous year. In general, imports recorded measured growth. The growth pace was the most rapid in 2020 when imports increased by 113% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, medical gel preparations imports dropped remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2018 when imports increased by 78% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of medical gel preparations imports to Portugal, together comprising 85% of total imports. Hungary, Finland, India, Belgium and the Czech Republic lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +52.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Italy ($X) were the largest medical gel preparations suppliers to Portugal, together accounting for 80% of total imports. Finland, India, Hungary, Belgium and the Czech Republic lagged somewhat behind, together accounting for a further 9.5%.

India, with a CAGR of +68.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medical gel preparations import price stood at $X per ton in 2022, declining by -27.6% against the previous year. In general, the import price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2018 an increase of 59%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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