Romania: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Romania

The Romanian medicaments containing corticosteroid hormones market rose remarkably to $X in 2021, surging by 9.2% against the previous year. Overall, consumption saw a remarkable increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Medicaments Containing Corticosteroid Hormones in Romania

In value terms, medicaments containing corticosteroid hormones production shrank significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2020 when the production volume increased by 29% against the previous year. As a result, production attained the peak level of $X, and then shrank markedly in the following year.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Romania

In 2021, overseas shipments of medicaments containing corticosteroid hormones increased by 17% to X tons, rising for the fifth year in a row after two years of decline. In general, exports recorded prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 44%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, medicaments containing corticosteroid hormones exports fell to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 40% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X tons) was the main destination for medicaments containing corticosteroid hormones exports from Romania, with a 42% share of total exports. Moreover, medicaments containing corticosteroid hormones exports to Hungary exceeded the volume sent to the second major destination, Denmark (X tons), threefold. The third position in this ranking was held by Uzbekistan (X tons), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary totaled +90.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+20.1% per year) and Uzbekistan (+61.5% per year).

In value terms, the Netherlands ($X), Germany ($X) and Hungary ($X) appeared to be the largest markets for medicaments containing corticosteroid hormones exported from Romania worldwide, together comprising 53% of total exports. The Czech Republic, Poland, Lithuania, Denmark, Bulgaria, Uzbekistan, France, Italy and Sweden lagged somewhat behind, together comprising a further 36%.

The Czech Republic, with a CAGR of +188.7%, 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

In 2021, the average medicaments containing corticosteroid hormones export price amounted to $X per ton, with a decrease of -17.8% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 an increase of 9.6%. 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 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 the Czech Republic ($X per ton), while the average price for exports to Denmark ($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 Bulgaria (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Romania

In 2021, after two years of decline, there was significant growth in purchases abroad of medicaments containing corticosteroid hormones, when their volume increased by 12% to X tons. Over the period under review, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2014 when imports increased by 40% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, medicaments containing corticosteroid hormones imports soared to $X in 2021. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 23%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Germany (X tons), Hungary (X tons) and Poland (X tons) were the main suppliers of medicaments containing corticosteroid hormones imports to Romania, together comprising 52% of total imports. These countries were followed by France, Egypt, Denmark, Italy, Austria, Switzerland, Serbia, Belgium, the Netherlands and the UK, which together accounted for a further 43%.

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 +58.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing corticosteroid hormones suppliers to Romania were Hungary ($X), Germany ($X) and Austria ($X), together accounting for 60% of total imports. These countries were followed by Belgium, Denmark, France, Switzerland, Poland, Italy, the Netherlands, Egypt, Serbia and the UK, which together accounted for a further 34%.

Poland, with a CAGR of +46.6%, 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 medicaments containing corticosteroid hormones import price stood at $X per ton in 2021, with an increase of 3.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood 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 Belgium ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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