Russian Federation: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in the Russian Federation

The Russian medical gel preparations market was finally on the rise to reach $X in 2022, after four years of decline. In general, consumption, however, recorded a slight setback. Medical gel preparations consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Medical Gel Preparations Production in the Russian Federation

In value terms, medical gel preparations production declined modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 41%. Medical gel preparations production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Medical Gel Preparations Exports

Exports from the Russian Federation

In 2022, shipments abroad of gel preparations for human or veterinary medicine decreased by -16.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 181%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped rapidly in the following year.

In value terms, medical gel preparations exports reduced to $X in 2022. In general, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 124% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Kazakhstan (X tons) was the main destination for medical gel preparations exports from Russia, accounting for a 62% share of total exports. Moreover, medical gel preparations exports to Kazakhstan exceeded the volume sent to the second major destination, Uzbekistan (X tons), fourfold. The third position in this ranking was held by Kyrgyzstan (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan stood at +38.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+13.3% per year) and Kyrgyzstan (+10.2% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for gel preparations for human or veterinary medicine exports from Russia, comprising 67% of total exports. The second position in the ranking was held by Ukraine ($X), with an 18% share of total exports. It was followed by Uzbekistan, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to +30.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+40.2% per year) and Uzbekistan (+5.3% per year).

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, rising by 12% against the previous year. Over the period under review, the export price, however, showed a slight reduction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 99%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Kyrgyzstan ($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 (+10.9%), while the prices for the other major destinations experienced a decline.

Medical Gel Preparations Imports

Imports into the Russian Federation

In 2022, approx. X tons of gel preparations for human or veterinary medicine were imported into Russia; dropping by -29.8% compared with the year before. Overall, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 55%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, medical gel preparations imports reduced notably to $X in 2022. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 103%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of medical gel preparations imports to Russia, together accounting for 71% of total imports. Israel, the United States and Switzerland lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +106.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and Israel ($X) constituted the largest medical gel preparations suppliers to Russia, with a combined 85% share of total imports. The Netherlands, Germany and Switzerland lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, Switzerland, with a CAGR of +93.7%, saw the highest growth rate of 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 2022, the average medical gel preparations import price amounted to $X per ton, increasing by 6.3% against the previous year. Overall, the import price recorded a measured increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 68% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :