Report Update: May 1, 2024

Singapore - Medicaments Containing Corticosteroid Hormones - Market Analysis, Forecast, Size, Trends And Insights

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Price for Medicaments Containing Corticosteroid Hormones in Singapore - 2022

Price for Medicaments Containing Corticosteroid Hormones in Singapore (CIF) - 2022
Price for Medicaments Containing Corticosteroid Hormones in Singapore (FOB) - 2022
Imports of Medicaments Containing Corticosteroid Hormones in Singapore
Exports of Medicaments Containing Corticosteroid Hormones in Singapore

Price for Medicaments Containing Corticosteroid Hormones in Singapore (CIF) - 2022

The average medicaments containing corticosteroid hormones import price stood at $501,650 per ton in 2022, surging by 3% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, medicaments containing corticosteroid hormones import price decreased by -1.4% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 33%. As a result, import price reached the peak level of $524,865 per ton. From 2014 to 2022, the average 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 Germany ($1,937,034 per ton), while the price for Belgium ($167,754 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Medicaments Containing Corticosteroid Hormones in Singapore (FOB) - 2022

The average medicaments containing corticosteroid hormones export price stood at $317,317 per ton in 2022, dropping by -32.8% against the previous year. Over the period under review, the export price, however, showed a notable increase. The most prominent rate of growth was recorded in 2021 an increase of 62% against the previous year. As a result, the export price reached the peak level of $472,437 per ton, and then reduced remarkably in the following year.

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 Philippines ($937,528 per ton), while the average price for exports to Vietnam ($213,098 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 Taiwan (Chinese) (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones in Singapore

In 2022, the amount of medicaments containing corticosteroid hormones imported into Singapore skyrocketed to 258 tons, jumping by 40% compared with the year before. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, medicaments containing corticosteroid hormones imports soared to $130M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Medicaments Containing Corticosteroid Hormones in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	14.1	20.8	21.4	45.4	47.7%
United States	10.7	11.2	9.1	14.4	10.4%
Austria	6.3	9.0	9.2	12.9	27.0%
India	0.3	0.3	1.6	6.8	183.0%
Ireland	0.7	2.5	5.6	6.5	110.2%
Belgium	6.7	7.0	9.3	6.1	-3.1%
Spain	3.7	4.4	4.3	5.8	16.2%
France	2.4	3.5	2.6	5.3	30.2%
Sweden	2.6	2.4	2.0	5.1	25.2%
Japan	13.2	9.1	8.9	4.3	-31.2%
United Kingdom	3.9	4.5	4.1	2.3	-16.1%
Netherlands	1.4	0.4	1.9	2.0	12.6%
Canada	0.8	0.8	1.9	1.4	20.5%
Others	9.0	9.3	8.2	11.2	7.6%
Total	75.9	85.1	90.2	130	19.6%

Top Suppliers of Medicaments Containing Corticosteroid Hormones to Singapore in 2022:

Belgium (36.2 tons)
Austria (29.9 tons)
Germany (23.4 tons)
France (21.2 tons)
Spain (20.9 tons)
Sweden (17.6 tons)
Japan (15.2 tons)
Ireland (13.7 tons)
United States (12.4 tons)
Canada (8.1 tons)
United Kingdom (8.1 tons)
Netherlands (7.2 tons)
India (6.7 tons)

Exports of Medicaments Containing Corticosteroid Hormones in Singapore

In 2022, approx. 347 tons of medicaments containing corticosteroid hormones were exported from Singapore; surging by 109% compared with the previous year. Over the period under review, exports, however, showed a abrupt downturn.

In value terms, medicaments containing corticosteroid hormones exports surged to $110M in 2022. Overall, exports, however, showed a slight decline.

Export of Medicaments Containing Corticosteroid Hormones in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	N/A	3.9	N/A	19.1	121.3%
United States	11.0	18.2	11.1	16.2	13.8%
Taiwan (Chinese)	4.8	8.4	8.2	13.9	42.5%
Malaysia	9.4	12.3	9.9	10.8	4.7%
Thailand	9.6	5.0	7.1	8.8	-2.9%
Hong Kong SAR	5.3	19.8	5.3	8.2	15.7%
South Korea	9.0	9.0	12.7	7.1	-7.6%
Australia	16.3	4.9	3.9	6.2	-27.5%
Philippines	2.8	2.9	8.6	5.5	25.2%
Belgium	19.8	17.9	3.3	3.7	-42.8%
Vietnam	4.1	3.7	1.4	3.0	-9.9%
Japan	4.0	0.9	0.5	2.9	-10.2%
Netherlands	4.3	5.2	1.5	0.5	-51.2%
Others	13.5	7.2	4.9	4.2	-32.2%
Total	114	119	78.3	110	-1.2%

Top Export Markets for Medicaments Containing Corticosteroid Hormones from Singapore in 2022:

China (78.3 tons)
United States (66.0 tons)
Malaysia (35.0 tons)
Taiwan (Chinese) (28.5 tons)
Thailand (26.7 tons)
Hong Kong SAR (24.1 tons)
Australia (18.2 tons)
South Korea (15.4 tons)
Vietnam (13.9 tons)
Japan (11.2 tons)
Belgium (8.6 tons)
Philippines (5.9 tons)
Netherlands (1.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for medicaments containing corticosteroid hormones in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21201270 - Medicaments containing corticosteroid hormones, their derivatives and structural analogues, put up in measured doses or for retail sale

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023