U.S.: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in the U.S.

The U.S. medical gel preparations market stood at $X in 2022, growing by 2.6% against the previous year. Overall, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +74.1% against 2014 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Medical Gel Preparations Production in the U.S.

In value terms, medical gel preparations production stood at $X in 2022. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.3% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 24%. Medical gel preparations production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Medical Gel Preparations Exports

Exports from the U.S.

In 2022, overseas shipments of gel preparations for human or veterinary medicine increased by 11% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 20% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, medical gel preparations exports skyrocketed to $X in 2022. Overall, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Mexico (X tons), China (X tons) and the Netherlands (X tons) were the main destinations of medical gel preparations exports from the United States, with a combined 40% share of total exports. Germany, Canada, Japan, Australia, the UK, the Dominican Republic, Italy, France, India and Saudi Arabia lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of +27.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medical gel preparations exported from the United States were Canada ($X), Mexico ($X) and China ($X), with a combined 48% share of total exports. Italy, the Netherlands, Germany, the Dominican Republic, Japan, the UK, Australia, Saudi Arabia, India and France lagged somewhat behind, together comprising a further 28%.

The Dominican Republic, with a CAGR of +36.6%, saw the highest rates of growth with regard to 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 2022, the average medical gel preparations export price amounted to $X per ton, increasing by 8.6% against the previous year. Over the period under review, the export price saw a prominent expansion. The pace of growth was the most pronounced in 2019 an increase of 32% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to France ($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 Canada (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into the U.S.

In 2022, approx. X tons of gel preparations for human or veterinary medicine were imported into the United States; surging by 14% compared with the previous year's figure. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 51%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, medical gel preparations imports rose markedly to $X in 2022. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 65% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X tons), Canada (X tons) and Mexico (X tons) were the main suppliers of medical gel preparations imports to the United States, together comprising 78% of total imports. Turkey, the UK, Ireland and Israel lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +109.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of gel preparations for human or veterinary medicine to the United States, comprising 47% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Ireland, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Mexico stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+44.1% per year) and Ireland (+163.5% per year).

Import Prices by Country

In 2022, the average medical gel preparations import price amounted to $X per ton, dropping by -3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2013 an increase of 25%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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