Romania: Market for Hormones, Prostaglandins, Thromboxanes And Leukotrienes 2024

Market Size for Hormones, Prostaglandins, Thromboxanes And Leukotrienes in Romania

In 2021, the Romanian market for hormones, prostaglandins, thromboxanes and leukotrienes decreased by -9.3% to $X for the first time since 2011, thus ending a nine-year rising trend. Overall, consumption, however, continues to indicate buoyant growth. Over the period under review, the market reached the peak level at $X in 2020, and then declined in the following year.

Production of Hormones, Prostaglandins, Thromboxanes And Leukotrienes in Romania

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 48% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then shrank in the following year.

Exports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Exports from Romania

Hormones, prostaglandins, thromboxanes and leukotrienes exports from Romania surged to X tons in 2021, growing by 50% compared with the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 5,400% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 16,743% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The Czech Republic (X kg), the Netherlands (X kg) and Germany (X kg) were the main destinations of hormones, prostaglandins, thromboxanes and leukotrienes exports from Romania, together accounting for 68% of total exports. Poland, Lithuania, Bulgaria, Hungary, Latvia and Italy lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +330.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hormones, prostaglandins, thromboxanes and leukotrienes exported from Romania were the Netherlands ($X), the Czech Republic ($X) and Germany ($X), with a combined 63% share of total exports. Poland, Bulgaria, Hungary, Lithuania, Latvia, Italy and Denmark lagged somewhat behind, together comprising a further 35%.

In terms of the main countries of destination, Bulgaria, with a CAGR of +306.9%, saw the highest rates of growth with regard to the value of exports, 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 export price for hormones, prostaglandins, thromboxanes and leukotrienes amounted to $X per ton, shrinking by -21.7% against the previous year. Overall, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 698% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Hungary ($X per ton), while the average price for exports to Italy ($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 Hungary (+43.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Imports into Romania

In 2021, overseas purchases of hormones, prostaglandins, thromboxanes and leukotrienes increased by 40% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +76.4% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 77%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes imports soared to $X in 2021. Overall, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Bulgaria (X kg), Hungary (X kg) and India (X kg) were the main suppliers of hormones, prostaglandins, thromboxanes and leukotrienes imports to Romania, with a combined 49% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +580.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hormones, prostaglandins, thromboxanes and leukotrienes suppliers to Romania were Bulgaria ($X), India ($X) and Hungary ($X), with a combined 61% share of total imports.

Bulgaria, with a CAGR of +708.2%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 import price for hormones, prostaglandins, thromboxanes and leukotrienes stood at $X per kg in 2021, rising by 2.6% against the previous year. In general, the import price posted prominent growth. The pace of growth appeared the most rapid in 2013 an increase of 64% against the previous year. As a result, import price reached the peak level of $X per kg. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per kg), while the price for France ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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