Venezuela: Medicaments Containing Hormones Market 2024

Medicaments Containing Hormones Market Size in Venezuela

The Venezuelan medicaments containing hormones market fell sharply to $X in 2022, which is down 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). In general, consumption, however, saw a significant expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Medicaments Containing Hormones Exports

Exports from Venezuela

In 2014, the amount of medicaments containing hormones but not antibiotics exported from Venezuela amounted to X kg, remaining relatively unchanged against the year before. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure in 2014 and are expected to retain growth in the near future.

In value terms, medicaments containing hormones exports surged to $X in 2014. The total export value increased at an average annual rate of X% over the period from 2013 to 2014; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Aruba (X kg) and Guyana (X kg) were the main destinations of medicaments containing hormones exports from Venezuela. Moreover, medicaments containing hormones exports in Aruba exceeded the figures recorded by the second-largest exporter, Guyana, twofold.

From 2013 to 2014, the biggest increases were recorded for Guyana (with a CAGR of X%).

In value terms, Guyana ($X) emerged as the key foreign market for medicaments containing hormones but not antibiotics exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by Aruba ($X), with a X% share of total exports.

From 2013 to 2014, the average annual rate of growth in terms of value to Guyana was relatively modest.

Export Prices by Country

The average medicaments containing hormones export price stood at $X per ton in 2014, rising by X% against the previous year. Over the period from 2013 to 2014, it increased at an average annual rate of X%. As a result, the export price attained 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 Guyana ($X per ton), while the average price for exports to Aruba amounted to $X per ton.

From 2013 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Hormones Imports

Imports into Venezuela

Medicaments containing hormones imports into Venezuela dropped dramatically to X tons in 2022, with a decrease of X% compared with 2021 figures. Over the period under review, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell markedly in the following year.

In value terms, medicaments containing hormones imports fell markedly to $X in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Switzerland (X tons) constituted the largest medicaments containing hormones supplier to Venezuela, with a X% share of total imports. Moreover, medicaments containing hormones imports from Switzerland exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

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

In value terms, Switzerland ($X) constituted the largest supplier of medicaments containing hormones but not antibiotics to Venezuela, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Switzerland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average medicaments containing hormones import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price posted a tangible increase. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat 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 the United States ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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