Sweden: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Sweden

In 2022, the Swedish medical gel preparations market decreased by -47.1% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, showed prominent growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Medical Gel Preparations Exports

Exports from Sweden

In 2022, overseas shipments of gel preparations for human or veterinary medicine increased by 87% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2017 with an increase of 234% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, medical gel preparations exports soared to $X in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 173% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Denmark (X tons), Norway (X tons) and the United States (X tons) were the main destinations of medical gel preparations exports from Sweden, together accounting for 86% of total exports. Finland, Canada, the Netherlands and Switzerland lagged somewhat behind, together comprising a further 8.6%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +255.0%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) remains the key foreign market for gel preparations for human or veterinary medicine exports from Sweden, comprising 43% of total exports. The second position in the ranking was held by Norway ($X), with a 20% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark stood at +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+36.5% per year) and the United States (+13.9% per year).

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, declining by -34.8% against the previous year. In general, the export price showed a pronounced decrease. The growth pace was the most rapid in 2014 when the average export price increased by 157%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Finland ($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 Iran (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Sweden

After six years of growth, overseas purchases of gel preparations for human or veterinary medicine decreased by -9.5% to X tons in 2022. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 127%. Over the period under review, imports reached the maximum at X tons in 2021, and then fell in the following year.

In value terms, medical gel preparations imports fell rapidly to $X in 2022. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 124% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), Thailand (X tons) and the United States (X tons) were the main suppliers of medical gel preparations imports to Sweden, with a combined 57% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +359.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of gel preparations for human or veterinary medicine to Sweden, comprising 41% of total imports. The second position in the ranking was held by Thailand ($X), with a 17% share of total imports. It was followed by Turkey, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+342.9% per year) and Turkey (+103.8% per year).

Import Prices by Country

In 2022, the average medical gel preparations import price amounted to $X per ton, falling by -16.4% against the previous year. Over the period under review, the import price recorded a slight slump. The pace of growth was the most pronounced in 2015 an increase of 40%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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