Belarus: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Belarus

In 2022, the Belarusian medicaments containing corticosteroid hormones market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a perceptible contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Medicaments Containing Corticosteroid Hormones in Belarus

In value terms, medicaments containing corticosteroid hormones production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Medicaments Containing Corticosteroid Hormones

Exports from Belarus

In 2021, the amount of medicaments containing corticosteroid hormones exported from Belarus soared to X tons, with an increase of X% compared with 2020. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, medicaments containing corticosteroid hormones exports stood at $X in 2021. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for medicaments containing corticosteroid hormones exports from Belarus, accounting for a X% share of total exports. Moreover, medicaments containing corticosteroid hormones exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), fivefold. Kyrgyzstan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Kyrgyzstan (X% per year).

In value terms, Russia ($X) remains the key foreign market for medicaments containing corticosteroid hormones exports from Belarus, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with an X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The average medicaments containing corticosteroid hormones export price stood at $X per ton in 2021, reducing by X% against the previous year. Overall, the export price, however, continues to indicate a measured expansion. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kyrgyzstan ($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 Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Belarus

In 2021, approx. X tons of medicaments containing corticosteroid hormones were imported into Belarus; jumping by X% against the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, medicaments containing corticosteroid hormones imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of medicaments containing corticosteroid hormones to Belarus, accounting for a X% share of total imports. Moreover, medicaments containing corticosteroid hormones imports from Germany exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Belgium (X% per year).

In value terms, Germany ($X), France ($X) and Italy ($X) were the largest medicaments containing corticosteroid hormones suppliers to Belarus, with a combined X% share of total imports. Belgium, India, Russia, Slovenia, Spain, the United States, Austria, Poland, Ukraine and Palestine lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medicaments containing corticosteroid hormones import price stood at $X per ton in 2021, remaining constant against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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