Belarus: Market for Hormones, Prostaglandins, Thromboxanes And Leukotrienes 2023

Market Size for Hormones, Prostaglandins, Thromboxanes And Leukotrienes in Belarus

The Belarusian market for hormones, prostaglandins, thromboxanes and leukotrienes dropped sharply to $X in 2021, which is down by -64.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Exports from Belarus

In 2021, hormones, prostaglandins, thromboxanes and leukotrienes exports from Belarus reduced to X kg, waning by -2.9% against the year before. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 84%. The exports peaked at X kg in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes exports soared to $X in 2021. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 70% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X kg), Moldova (X kg) and the Netherlands (X kg) were the main destinations of hormones, prostaglandins, thromboxanes and leukotrienes exports from Belarus, together accounting for 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +55.2%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for hormones, prostaglandins, thromboxanes and leukotrienes exported from Belarus were Russia ($X), Moldova ($X) and the Netherlands ($X), together accounting for 100% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +88.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for hormones, prostaglandins, thromboxanes and leukotrienes stood at $X per ton in 2021, picking up by 66% against the previous year. Overall, the export price, however, showed a deep contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to the Netherlands ($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 the Netherlands (+24.7%), while the prices for the other major destinations experienced a decline.

Imports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Imports into Belarus

Hormones, prostaglandins, thromboxanes and leukotrienes imports into Belarus fell remarkably to X tons in 2021, which is down by -53% against the previous year. Over the period under review, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 120%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes imports dropped markedly to $X in 2021. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Denmark (X kg) constituted the largest hormones, prostaglandins, thromboxanes and leukotrienes supplier to Belarus, accounting for a 52% share of total imports. Moreover, hormones, prostaglandins, thromboxanes and leukotrienes imports from Denmark exceeded the figures recorded by the second-largest supplier, Spain (X kg), fivefold. The third position in this ranking was held by China (X kg), with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark amounted to -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-6.2% per year) and China (+1.5% per year).

In value terms, Denmark ($X) constituted the largest supplier of hormones, prostaglandins, thromboxanes and leukotrienes to Belarus, comprising 55% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Russia, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark amounted to -12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.4% per year) and Russia (+0.5% per year).

Import Prices by Country

The average import price for hormones, prostaglandins, thromboxanes and leukotrienes stood at $X per kg in 2021, shrinking by -34% against the previous year. Over the period under review, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 an increase of 33%. Over the period under review, average import prices reached the peak figure at $X per kg in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per kg), while the price for Spain ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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