Scandinavia: Market for Medicaments Containing Insulin But Not Antibiotics In Measured Doses 2024

Market Size for Medicaments Containing Insulin But Not Antibiotics In Measured Doses in Scandinavia

The Scandinavia prophylactic medicaments containing insulin market reduced modestly to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Medicaments Containing Insulin But Not Antibiotics In Measured Doses in Scandinavia

In value terms, prophylactic medicaments containing insulin production reduced slightly to $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 67% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Medicaments Containing Insulin But Not Antibiotics In Measured Doses

Exports in Scandinavia

In 2022, shipments abroad of medicaments containing insulin but not antibiotics in measured doses increased by 1,149% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a dramatic curtailment. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, prophylactic medicaments containing insulin exports soared to $X in 2022. In general, exports, however, continue to indicate a dramatic decrease. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) and Norway (X tons) prevails in exports structure, together achieving 98% of total exports. Finland (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +50.6%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Norway ($X) emerged as the largest prophylactic medicaments containing insulin supplier in Scandinavia, comprising 62% of total exports. The second position in the ranking was held by Finland ($X), with a 21% share of total exports.

In Norway, prophylactic medicaments containing insulin exports plunged by an average annual rate of -23.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (+146.1% per year) and Sweden (-44.0% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per kg in 2022, rising by 15% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of 355% against the previous year. As a result, the export price reached the peak level of $X per kg. From 2014 to 2022, the export prices remained at a somewhat lower figure.

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 Finland ($X per kg), while Sweden ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+63.4%), while the other leaders experienced a decline in the export price figures.

Imports of Medicaments Containing Insulin But Not Antibiotics In Measured Doses

Imports in Scandinavia

In 2022, overseas purchases of medicaments containing insulin but not antibiotics in measured doses increased by 8.6% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a perceptible decline. The pace of growth was the most pronounced in 2019 when imports increased by 18%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, prophylactic medicaments containing insulin imports declined to $X in 2022. Overall, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2016 when imports increased by 5.2%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sweden (X tons) represented the largest importer of medicaments containing insulin but not antibiotics in measured doses, constituting 73% of total imports. Finland (X tons) ranks second in terms of the total imports with a 19% share, followed by Norway (8.4%).

Sweden was also the fastest-growing in terms of the medicaments containing insulin but not antibiotics in measured doses imports, with a CAGR of -2.4% from 2012 to 2022. Finland (-3.8%) and Norway (-13.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported medicaments containing insulin but not antibiotics in measured doses in Scandinavia, comprising 66% of total imports. The second position in the ranking was taken by Finland ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Sweden amounted to -6.2%. In the other countries, the average annual rates were as follows: Finland (-13.6% per year) and Norway (-12.1% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, falling by -11.8% against the previous year. Over the period under review, the import price showed a abrupt slump. The growth pace was the most rapid in 2013 when the import price increased by 20%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform