Uruguay: Market for Other Medicaments For Therapeutic Or Prophylactic Uses 2024

Market Size for Other Medicaments For Therapeutic Or Prophylactic Uses in Uruguay

The Uruguayan market for other medicaments for therapeutic or prophylactic uses soared to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Other Medicaments For Therapeutic Or Prophylactic Uses

Exports from Uruguay

Exports of other medicaments for therapeutic or prophylactic uses from Uruguay dropped notably to X tons in 2022, with a decrease of X% on 2021 figures. In general, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then contracted sharply in the following year.

In value terms, exports of other medicaments for therapeutic or prophylactic uses skyrocketed to $X in 2022. Over the period under review, exports, however, recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ecuador (X tons) was the main destination for exports of other medicaments for therapeutic or prophylactic uses from Uruguay, accounting for a X% share of total exports. Moreover, exports of other medicaments for therapeutic or prophylactic uses to Ecuador exceeded the volume sent to the second major destination, Bolivia (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (X% per year) and the United Arab Emirates (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for other medicaments for therapeutic or prophylactic uses exports from Uruguay, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports. It was followed by Ecuador, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Ecuador (X% per year).

Export Prices by Country

In 2022, the average export price for other medicaments for therapeutic or prophylactic uses amounted to $X per ton, jumping by X% against the previous year. Overall, the export price recorded a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bolivia ($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 Paraguay (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Medicaments For Therapeutic Or Prophylactic Uses

Imports into Uruguay

In 2022, imports of other medicaments for therapeutic or prophylactic uses into Uruguay skyrocketed to X tons, with an increase of X% against 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports of hit record highs at X tons in 2017; afterwards, it flattened through to 2022.

In value terms, imports of other medicaments for therapeutic or prophylactic uses surged to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports of attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of other medicaments for therapeutic or prophylactic uses to Uruguay, accounting for a X% share of total imports. Moreover, imports of other medicaments for therapeutic or prophylactic uses from Argentina exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. The third position in this ranking was taken by Brazil (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Brazil (X% per year).

In value terms, India ($X), Argentina ($X) and China ($X) were the largest other medicaments for therapeutic or prophylactic uses suppliers to Uruguay, with a combined X% share of total imports. Brazil, Germany, Austria and Belgium lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, 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

The average import price for other medicaments for therapeutic or prophylactic uses stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price continues to indicate a slight decline. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Austria ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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