Sweden: Market for Hormones, Prostaglandins, Thromboxanes And Leukotrienes 2024

Market Size for Hormones, Prostaglandins, Thromboxanes And Leukotrienes in Sweden

In 2021, after four years of growth, there was significant decline in the Swedish market for hormones, prostaglandins, thromboxanes and leukotrienes, when its value decreased by -35.3% to $X. Overall, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Hormones, prostaglandins, thromboxanes and leukotrienes consumption peaked at $X in 2020, and then contracted remarkably in the following year.

Production of Hormones, Prostaglandins, Thromboxanes And Leukotrienes in Sweden

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes production dropped significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep reduction. The pace of growth was the most pronounced in 2019 when the production volume increased by 32%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Exports from Sweden

In 2021, shipments abroad of hormones, prostaglandins, thromboxanes and leukotrienes increased by 28% to X tons, rising for the third consecutive year after two years of decline. Overall, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +92.7% against 2018 indices. The pace of growth was the most pronounced in 2015 with an increase of 38%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes exports shrank markedly to $X in 2021. In general, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 14%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for hormones, prostaglandins, thromboxanes and leukotrienes exports from Sweden, accounting for a 67% share of total exports. Moreover, hormones, prostaglandins, thromboxanes and leukotrienes exports to Ireland exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Belgium (X kg) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland stood at +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.0% per year) and Belgium (-5.9% per year).

In value terms, Belgium ($X), Germany ($X) and the United States ($X) appeared to be the largest markets for hormones, prostaglandins, thromboxanes and leukotrienes exported from Sweden worldwide, with a combined 83% share of total exports.

Germany, with a CAGR of +25.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for hormones, prostaglandins, thromboxanes and leukotrienes stood at $X per kg in 2021, waning by -54.8% against the previous year. In general, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 when the average export price increased by 40%. As a result, the export price reached the peak level of $X per kg. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per kg), while the average price for exports to Ireland ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.5%), while the prices for the other major destinations experienced a decline.

Imports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Imports into Sweden

In 2021, hormones, prostaglandins, thromboxanes and leukotrienes imports into Sweden dropped sharply to X tons, shrinking by -53.3% compared with 2020 figures. Overall, imports showed a mild decrease. The growth pace was the most rapid in 2020 when imports increased by 150%. As a result, imports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes imports declined significantly to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 99.9%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of hormones, prostaglandins, thromboxanes and leukotrienes to Sweden, accounting for a 57% share of total imports. Moreover, hormones, prostaglandins, thromboxanes and leukotrienes imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The United States (X kg) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.6% per year) and the United States (-7.6% per year).

In value terms, the largest hormones, prostaglandins, thromboxanes and leukotrienes suppliers to Sweden were France ($X), the Netherlands ($X) and Germany ($X), with a combined 88% share of total imports. The United States, Denmark, the Czech Republic, Austria and Belgium lagged somewhat behind, together accounting for a further 5.2%.

The Czech Republic, with a CAGR of +71.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for hormones, prostaglandins, thromboxanes and leukotrienes amounted to $X per kg, increasing by 29% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average import price increased by 76%. As a result, import price attained the peak level of $X per kg. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per kg), while the price for Belgium ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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