Report Update: May 1, 2024

Greece - Medicaments Containing Insulin But Not Antibiotics In Measured Doses - Market Analysis, Forecast, Size, Trends And Insights

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Price for Prophylactic Medicaments Containing Insulin in Greece - 2023

Price for Prophylactic Medicaments Containing Insulin in Greece (CIF) - 2023

In August 2023, the average prophylactic medicaments containing insulin import price amounted to $270K per ton, picking up by 15% against the previous month. Over the period under review, the import price showed a remarkable increase. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 154% against the previous month. As a result, import price attained the peak level of $324K per ton. From January 2023 to August 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Denmark ($316K per ton), while the price for Germany ($152K per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+19.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Prophylactic Medicaments Containing Insulin in Greece (FOB) - 2023

The average prophylactic medicaments containing insulin export price stood at $425K per ton in August 2023, shrinking by -21.4% against the previous month. Over the period under review, export price indicated a measured increase from August 2022 to August 2023: its price increased at an average monthly rate of +4.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, prophylactic medicaments containing insulin export price increased by +53.1% against February 2023 indices. The pace of growth was the most pronounced in October 2022 when the average export price increased by 73% against the previous month. The export price peaked at $540K per ton in July 2023, and then declined rapidly in the following month.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Cyprus ($482K per ton), while the average price for exports to the UK totaled $265K per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prophylactic Medicaments Containing Insulin in Greece

In 2022, supplies from abroad of medicaments containing insulin but not antibiotics in measured doses decreased by -15.5% to 559 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 62% against the previous year. As a result, imports attained the peak of 926 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, prophylactic medicaments containing insulin imports expanded remarkably to $84M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.9% 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 +59.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Import of Prophylactic Medicaments Containing Insulin in Greece (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Denmark	29.7	41.7	45.9	40.7	11.1%
France	3.9	5.2	7.2	25.3	86.5%
Germany	18.8	24.6	22.6	17.6	-2.2%
Others	N/A	0.2	0.9	0.2	0.0%
Total	52.4	71.7	76.6	83.8	16.9%

Top Suppliers of Prophylactic Medicaments Containing Insulin to Greece in 2022:

France (240.8 tons)
Germany (175.0 tons)
Denmark (141.9 tons)

Exports of Prophylactic Medicaments Containing Insulin in Greece

In 2022, approx. 47 tons of medicaments containing insulin but not antibiotics in measured doses were exported from Greece; rising by 51% against the previous year. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, prophylactic medicaments containing insulin exports skyrocketed to $14M in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Prophylactic Medicaments Containing Insulin in Greece (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cyprus	5.2	6.4	8.0	7.6	13.5%
Denmark	N/A	N/A	N/A	3.9	0%
United Kingdom	0.1	0.1	1.0	2.9	207.2%
Others	N/A	N/A	N/A	N/A	0%
Total	5.4	6.6	9.0	14.4	38.7%

Top Export Markets for Prophylactic Medicaments Containing Insulin from Greece in 2022:

Cyprus (31.6 tons)
United Kingdom (11.6 tons)
Denmark (4.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for prophylactic medicaments containing insulin in Greece. 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 21201260 - Medicaments containing insulin but not antibiotics, for therapeutic or prophylactic uses, put up in measured doses or for retail sale

Country coverage:

Greece

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Greece
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
Find deeper insights into current market developments
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