Scandinavia: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Scandinavia

In 2022, the Scandinavia medical gel preparations market decreased by -20.8% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Medical Gel Preparations Production in Scandinavia

In value terms, medical gel preparations production soared to $X in 2022 estimated in export price. Overall, production continues to indicate a prominent expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Medical Gel Preparations Exports

Exports in Scandinavia

In 2022, shipments abroad of gel preparations for human or veterinary medicine increased by 87% to X tons, rising for the sixth consecutive year after three years of decline. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 170%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, medical gel preparations exports soared to $X in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of 154%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, Sweden (X tons) represented the key exporter of gel preparations for human or veterinary medicine, generating 62% of total exports. It was distantly followed by Finland (X tons), achieving a 35% share of total exports. Norway (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +45.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the largest medical gel preparations supplier in Scandinavia, comprising 73% of total exports. The second position in the ranking was taken by Finland ($X), with a 24% share of total exports.

In Sweden, medical gel preparations exports increased at an average annual rate of +22.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (+38.1% per year) and Norway (+26.1% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, dropping by -34.1% against the previous year. Over the period under review, the export price showed a perceptible curtailment. The pace of growth appeared the most rapid in 2015 when the export price increased by 76%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-3.1%), while the other leaders experienced a decline in the export price figures.

Medical Gel Preparations Imports

Imports in Scandinavia

In 2022, after three years of growth, there was significant decline in purchases abroad of gel preparations for human or veterinary medicine, when their volume decreased by -7.7% to X tons. Overall, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by 30% against the previous year. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, medical gel preparations imports dropped to $X in 2022. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 80% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Sweden (X tons) and Norway (X tons) represented roughly 79% of total imports in 2022. It was distantly followed by Finland (X tons), generating a 21% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sweden (with a CAGR of +21.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) were the countries with the highest levels of imports in 2022.

Sweden, with a CAGR of +20.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, with a decrease of -2.2% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 39% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform