Turkey: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Turkey

In 2021, the Turkish medicaments containing corticosteroid hormones market decreased by -17.3% to $X, falling for the third year in a row after five years of growth. In general, consumption showed a relatively flat trend pattern. Medicaments containing corticosteroid hormones consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Medicaments Containing Corticosteroid Hormones in Turkey

In value terms, medicaments containing corticosteroid hormones production fell to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of 22%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Turkey

For the third year in a row, Turkey recorded growth in overseas shipments of medicaments containing corticosteroid hormones, which increased by 202% to X tons in 2021. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, medicaments containing corticosteroid hormones exports soared to $X in 2021. Over the period under review, exports showed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iran (X tons) was the main destination for medicaments containing corticosteroid hormones exports from Turkey, with a 53% share of total exports. Moreover, medicaments containing corticosteroid hormones exports to Iran exceeded the volume sent to the second major destination, Syrian Arab Republic (X tons), twofold. Iraq (X tons) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume to Iran amounted to +80.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (+177.2% per year) and Iraq (+17.8% per year).

In value terms, Iran ($X), Syrian Arab Republic ($X) and Switzerland ($X) appeared to be the largest markets for medicaments containing corticosteroid hormones exported from Turkey worldwide, with a combined 57% share of total exports.

Syrian Arab Republic, with a CAGR of +188.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average medicaments containing corticosteroid hormones export price amounted to $X per ton, dropping by -19.9% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2018 an increase of 58%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Turkey

In 2021, imports of medicaments containing corticosteroid hormones into Turkey soared to X tons, picking up by 34% compared with the year before. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +26.4% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, medicaments containing corticosteroid hormones imports soared to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of medicaments containing corticosteroid hormones imports to Turkey, with a combined 47% share of total imports. These countries were followed by Sweden, France, the UK, the United States, Switzerland, Belgium and Ireland, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +21.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing corticosteroid hormones suppliers to Turkey were Germany ($X), Denmark ($X) and the UK ($X), with a combined 40% share of total imports. These countries were followed by Italy, France, Switzerland, the United States, Sweden, Ireland and Belgium, which together accounted for a further 41%.

Switzerland, with a CAGR of +26.8%, saw the highest growth rate of 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 medicaments containing corticosteroid hormones import price amounted to $X per ton, growing by 6.3% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. The growth pace was the most rapid in 2013 when the average import price increased by 15% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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