U.S.: Pharmaceutical Preparation Market 2024

Pharmaceutical Preparation Market Size in the U.S.

In 2022, after two years of growth, there was decline in the U.S. pharmaceutical preparation market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021, and then reduced slightly in the following year.

Pharmaceutical Preparation Production in the U.S.

In value terms, pharmaceutical preparation production dropped slightly to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2013 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Pharmaceutical preparation production peaked at $X in 2021, and then dropped slightly in the following year.

Pharmaceutical Preparation Exports

Exports from the U.S.

In 2022, overseas shipments of pharmaceutical preparations were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. The total export volume increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pharmaceutical preparation exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X tons) was the main destination for pharmaceutical preparation exports from the United States, with a X% share of total exports. Moreover, pharmaceutical preparation exports to South Korea exceeded the volume sent to the second major destination, Canada (X tons), twofold. China (X tons) ranked third in terms of total exports with an X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to South Korea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and China (X% per year).

In value terms, the largest markets for pharmaceutical preparation exported from the United States were the UK ($X), the Netherlands ($X) and Canada ($X), together accounting for X% of total exports. China, Belgium, South Korea, Brazil, Mexico and Venezuela lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

The average pharmaceutical preparation export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, export price indicated modest growth from 2013 to 2022: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pharmaceutical preparation export price increased by X% against 2018 indices. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 the UK ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Preparation Imports

Imports into the U.S.

For the third consecutive year, the United States recorded growth in purchases abroad of pharmaceutical preparations, which increased by X% to X tons in 2022. In general, total imports indicated strong growth from 2013 to 2022: its volume increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, pharmaceutical preparation imports rose markedly to $X in 2022. Overall, total imports indicated a prominent expansion from 2013 to 2022: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Mexico (X tons), India (X tons) and China (X tons) were the main suppliers of pharmaceutical preparation imports to the United States, together accounting for X% of total imports.

From 2013 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Switzerland ($X) and India ($X) were the largest pharmaceutical preparation suppliers to the United States, with a combined X% share of total imports. Germany, China, Italy, Canada, the UK, France, Spain, Israel and Mexico lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average pharmaceutical preparation import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price recorded a slight contraction. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average 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 ($X,420 per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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