Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in India - 2023

Contents:

1. Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in India (CIF) - 2022
2. Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in India (FOB) - 2022
3. Imports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in India
4. Exports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in India

Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in India (CIF) - 2022

In 2022, the average import price for hormones; halogenated derivatives or adrenal cortical hormoneses amounted to $2,098,187 per ton, jumping by 32% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2019 an increase of 47%. The import price peaked at $3,868,545 per ton in 2014; however, from 2015 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 Italy ($6,154,957 per ton), while the price for China ($840,738 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.5%), while the prices for the other major suppliers experienced a decline.

Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in India (FOB) - 2022

In 2022, the average export price for hormones; halogenated derivatives or adrenal cortical hormoneses amounted to $1,450,167 per ton, declining by -29.7% against the previous year. Overall, the export price recorded a slight curtailment. The growth pace was the most rapid in 2017 an increase of 76% against the previous year. The export price peaked at $4,467,142 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($2,585,487 per ton), while the average price for exports to Nepal ($108,051 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 the UK (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in India

In 2022, after three years of growth, there was significant decline in purchases abroad of hormones; halogenated derivatives or adrenal cortical hormoneses, when their volume decreased by -8% to 14 tons. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 90% against the previous year.

In value terms, imports of hormones; halogenated derivatives or adrenal cortical hormoneses skyrocketed to $29M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.2% 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 +82.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 24%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones to India in 2022:

1. China (10.2 tons)
2. Italy (1.9 tons)
3. France (0.7 tons)
4. Spain (0.5 tons)

Exports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in India

For the fourth year in a row, India recorded growth in shipments abroad of hormones; halogenated derivatives or adrenal cortical hormoneses, which increased by 16% to 18 tons in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 29%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of hormones; halogenated derivatives or adrenal cortical hormoneses reduced markedly to $26M in 2022. Over the period under review, exports, however, showed a abrupt setback. The smallest decline of -2.5% was in 2020.

Top Export Markets for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones from India in 2022:

1. Germany (2.9 tons)
2. Pakistan (1.8 tons)
3. Togo (1.6 tons)
4. Senegal (1.3 tons)
5. United Arab Emirates (1.2 tons)
6. Nepal (1.2 tons)
7. Belgium (0.9 tons)
8. Nigeria (0.9 tons)
9. Colombia (0.5 tons)
10. Turkey (0.4 tons)
11. United Kingdom (0.4 tons)
12. Argentina (0.4 tons)
13. Indonesia (0.3 tons)

Source: IndexBox Market Intelligence Platform