Portugal: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Portugal

In 2021, the Portuguese medicaments containing corticosteroid hormones market decreased by -39.9% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, showed a notable expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then shrank markedly in the following year.

Production of Medicaments Containing Corticosteroid Hormones in Portugal

In value terms, medicaments containing corticosteroid hormones production contracted notably to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 145% against the previous year. As a result, production reached the peak level of $X, and then contracted notably in the following year.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Portugal

In 2021, the amount of medicaments containing corticosteroid hormones exported from Portugal skyrocketed to X tons, with an increase of 15% compared with the year before. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 68% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, medicaments containing corticosteroid hormones exports stood at $X in 2021. Overall, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by 102% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for medicaments containing corticosteroid hormones exports from Portugal, accounting for a 42% share of total exports. Moreover, medicaments containing corticosteroid hormones exports to France exceeded the volume sent to the second major destination, Switzerland (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +48.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+10.3% per year) and the United States (+13.6% per year).

In value terms, the United States ($X) remains the key foreign market for medicaments containing corticosteroid hormones exports from Portugal, comprising 35% of total exports. The second position in the ranking was taken by Mexico ($X), with a 13% share of total exports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+58.3% per year) and France (+47.3% per year).

Export Prices by Country

In 2021, the average medicaments containing corticosteroid hormones export price amounted to $X per ton, which is down by -4.1% against the previous year. In general, the export price recorded a noticeable decline. The pace of growth appeared the most rapid in 2013 an increase of 20%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Mexico ($X per ton), while the average price for exports to France ($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 Mexico (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Portugal

For the third year in a row, Portugal recorded decline in supplies from abroad of medicaments containing corticosteroid hormones, which decreased by -12.8% to X tons in 2021. In general, imports, however, posted notable growth. The pace of growth appeared the most rapid in 2015 with an increase of 53% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, medicaments containing corticosteroid hormones imports rose to $X in 2021. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

Spain (X tons), France (X tons) and Italy (X tons) were the main suppliers of medicaments containing corticosteroid hormones imports to Portugal, together accounting for 48% of total imports. These countries were followed by Germany, Belgium, the Netherlands, Denmark and Ireland, which together accounted for a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +50.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing corticosteroid hormones suppliers to Portugal were Spain ($X), Belgium ($X) and Denmark ($X), with a combined 55% share of total imports.

In terms of the main suppliers, Denmark, with a CAGR of +44.8%, saw the highest rates of growth with regard to 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

In 2021, the average medicaments containing corticosteroid hormones import price amounted to $X per ton, increasing by 16% against the previous year. In general, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 55%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Denmark ($X per ton), while the price for Ireland ($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 (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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