Venezuela: Market for Medicaments Of Alkaloids Or Derivatives Thereof 2022

Market Size for Medicaments Of Alkaloids Or Derivatives Thereof in Venezuela

In 2021, the Venezuelan market for medicaments of alkaloids or derivatives thereof increased by X% to $X, rising for the fifth consecutive year after three years of decline. In general, consumption, however, faced a dramatic curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Exports of Medicaments Of Alkaloids Or Derivatives Thereof

Exports from Venezuela

In 2021, exports of medicaments of alkaloids or derivatives thereof from Venezuela contracted rapidly to X kg, with a decrease of -X% against the year before. Overall, exports recorded a dramatic decrease. The smallest decline of -X% was in 2016. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of medicaments of alkaloids or derivatives thereof contracted to $X in 2021. Over the period under review, exports recorded a abrupt decline. The smallest decline of -X% was in 2019. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X kg) was the main destination for exports of medicaments of alkaloids or derivatives thereof from Venezuela, accounting for a X% share of total exports. Moreover, exports of medicaments of alkaloids or derivatives thereof to Panama exceeded the volume sent to the second major destination, Honduras (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Panama amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-X% per year) and Peru (-X% per year).

In value terms, the largest markets for medicaments of alkaloids or derivatives thereof exported from Venezuela were Honduras ($X), Peru ($X) and Panama ($X), with a combined X% share of total exports.

Honduras, 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 a decline.

Export Prices by Country

The average export price for medicaments of alkaloids or derivatives thereof stood at $X per ton in 2021, rising by X% against the previous year. Overall, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of X%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Peru ($X per ton), while the average price for exports to Panama ($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 Peru (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Medicaments Of Alkaloids Or Derivatives Thereof

Imports into Venezuela

In 2021, after seven years of decline, there was growth in supplies from abroad of medicaments of alkaloids or derivatives thereof, when their volume increased by X% to X tons. In general, imports, however, saw a sharp reduction. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of medicaments of alkaloids or derivatives thereof rose significantly to $X in 2021. Over the period under review, imports, however, faced a dramatic curtailment. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, Colombia (X tons) constituted the largest supplier of medicaments of alkaloids or derivatives thereof to Venezuela, with a X% share of total imports. Moreover, imports of medicaments of alkaloids or derivatives thereof from Colombia exceeded the figures recorded by the second-largest supplier, France (X kg), fourfold. The third position in this ranking was taken by Argentina (X kg), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Colombia totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Argentina (-X% per year).

In value terms, Colombia ($X), Paraguay ($X) and Spain ($X) were the largest medicaments of alkaloids or derivatives thereof suppliers to Venezuela, together accounting for X% of total imports.

Among the main suppliers, Paraguay, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for medicaments of alkaloids or derivatives thereof stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the import price recorded buoyant growth. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Paraguay ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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