Scandinavia: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Scandinavia

The Scandinavia medicaments containing corticosteroid hormones market totaled $X in 2021, growing by 7.3% against the previous year. Over the period under review, consumption recorded a significant expansion. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in years to come.

Production of Medicaments Containing Corticosteroid Hormones in Scandinavia

In value terms, medicaments containing corticosteroid hormones production totaled $X in 2021 estimated in export price. Overall, production, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 33% against the previous year. Over the period under review, production attained the peak level in 2021 and is likely to continue growth in the immediate term.

Exports of Medicaments Containing Corticosteroid Hormones

Exports in Scandinavia

In 2021, shipments abroad of medicaments containing corticosteroid hormones decreased by -24.3% to X tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 42%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, medicaments containing corticosteroid hormones exports declined to $X in 2021. In general, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2013 when exports increased by 42% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden prevails in exports structure, accounting for X tons, which was near 86% of total exports in 2021. Denmark (X tons) held the second position in the ranking, followed by Finland (X tons). All these countries together took near 14% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to medicaments containing corticosteroid hormones exports from Sweden stood at +3.1%. At the same time, Denmark (+19.3%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +19.3% from 2012-2021. By contrast, Finland (-5.0%) illustrated a downward trend over the same period. Sweden (+8 p.p.) and Denmark (+6.3 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -4.8% from 2012 to 2021, respectively.

In value terms, Sweden ($X) remains the largest medicaments containing corticosteroid hormones supplier in Scandinavia, comprising 88% of total exports. The second position in the ranking was taken by Denmark ($X), with an 8% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Sweden totaled -1.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Denmark (+12.9% per year) and Finland (-13.2% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, surging by 13% against the previous year. Over the period under review, the export price, however, showed a noticeable contraction. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-4.8%), while the other leaders experienced a decline in the export price figures.

Imports of Medicaments Containing Corticosteroid Hormones

Imports in Scandinavia

For the third consecutive year, Scandinavia recorded growth in overseas purchases of medicaments containing corticosteroid hormones, which increased by 75% to X tons in 2021. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 133%. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, medicaments containing corticosteroid hormones imports skyrocketed to $X in 2021. Overall, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark dominates imports structure, recording X tons, which was approx. 90% of total imports in 2021. Norway (X tons), Sweden (X tons) and Finland (X tons) followed a long way behind the leaders.

Denmark was also the fastest-growing in terms of the medicaments containing corticosteroid hormones imports, with a CAGR of +54.9% from 2012 to 2021. At the same time, Norway (+15.2%) and Finland (+1.8%) displayed positive paces of growth. By contrast, Sweden (-7.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark increased by +75 percentage points.

In value terms, Denmark ($X) constitutes the largest market for imported medicaments containing corticosteroid hormones in Scandinavia, comprising 63% of total imports. The second position in the ranking was taken by Sweden ($X), with a 14% share of total imports. It was followed by Finland, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Denmark amounted to +31.7%. In the other countries, the average annual rates were as follows: Sweden (+1.1% per year) and Finland (+2.7% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, dropping by -5.2% against the previous year. Overall, the import price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 18% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Finland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+9.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform