United Kingdom: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in the UK

In 2021, the UK medicaments containing corticosteroid hormones market decreased by -57.4% to $X, falling for the second consecutive year after two years of growth. In general, consumption showed a perceptible slump. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from the UK

In 2021, approx. X tons of medicaments containing corticosteroid hormones were exported from the UK; with a decrease of -28.6% against 2020 figures. Overall, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 18%. The exports peaked at X tons in 2020, and then shrank markedly in the following year.

In value terms, medicaments containing corticosteroid hormones exports declined modestly to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 18% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), the United States (X tons) and France (X tons) were the main destinations of medicaments containing corticosteroid hormones exports from the UK, with a combined 38% share of total exports. These countries were followed by Japan, China, Belgium, Ireland, the United Arab Emirates, Germany, Russia, the Czech Republic, Poland and Taiwan (Chinese), which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +44.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Belgium ($X) and France ($X) were the largest markets for medicaments containing corticosteroid hormones exported from the UK worldwide, with a combined 47% share of total exports.

Among the main countries of destination, Belgium, with a CAGR of +29.3%, saw the highest growth rate of the value of exports, 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, rising by 39% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to the Czech Republic ($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 France (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into the UK

In 2021, supplies from abroad of medicaments containing corticosteroid hormones decreased by -46.6% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 102% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, medicaments containing corticosteroid hormones imports surged to $X in 2021. In general, imports showed a perceptible setback. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), Germany (X tons) and France (X tons) were the main suppliers of medicaments containing corticosteroid hormones imports to the UK, with a combined 59% share of total imports. Denmark, the Netherlands, Italy, Belgium, India, Hungary, Ireland, Croatia, Malta and Sweden lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +115.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing corticosteroid hormones suppliers to the UK were Italy ($X), France ($X) and Denmark ($X), together comprising 52% of total imports. The Netherlands, Germany, Belgium, Spain, Ireland, Hungary, Croatia, India, Malta and Sweden lagged somewhat behind, together accounting for a further 38%.

Croatia, with a CAGR of +83.9%, recorded 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 medicaments containing corticosteroid hormones import price amounted to $X per ton, picking up by 117% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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