Price for Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in Pakistan - 2023
Contents:
- Price for Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in Pakistan (CIF) - 2022
- Imports of Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in Pakistan
Price for Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in Pakistan (CIF) - 2022
The average import price for hormones; cortisone, hydrocortisone, prednisone (dehydrocortisone) and prednisolone (dehydrohydrocortisone)s stood at $402,858 per ton in 2022, waning by -7.6% against the previous year. Overall, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 11%. The import price peaked at $1,007,210 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($407,747 per ton) and China ($406,402 per ton), while the price for India ($382,975 per ton) and Italy ($394,227 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.4%), while the prices for the other major suppliers experienced a decline.
Imports of Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in Pakistan
Imports of hormones; cortisone, hydrocortisone, prednisone (dehydrocortisone) and prednisolone (dehydrohydrocortisone)s into Pakistan expanded rapidly to 13 tons in 2022, increasing by 14% on the year before. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of hormones; cortisone, hydrocortisone, prednisone (dehydrocortisone) and prednisolone (dehydrohydrocortisone)s totaled $5.4M in 2022. The total import value increased at an average annual rate of +8.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,595 | 2,001 | 2,011 | 3,318 | 27.7% |
| Italy | 792 | 1,031 | 1,297 | 725 | -2.9% |
| Spain | 884 | 445 | 816 | 644 | -10.0% |
| India | 246 | 369 | 517 | 399 | 17.5% |
| United States | 372 | 272 | 265 | 291 | -7.9% |
| Others | 361 | 67.2 | 209 | 32.0 | -55.4% |
| Total | 4,251 | 4,186 | 5,115 | 5,408 | 8.4% |
Top Suppliers of Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) to Pakistan in 2022:
- China (8.2 tons)
- Italy (1.8 tons)
- Spain (1.6 tons)
- India (1.0 tons)
- United States (0.7 tons)
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