CIS: Medicaments Containing Insulin Market 2023

Medicaments Containing Insulin Exports

Exports in CIS

After two years of growth, overseas shipments of medicaments containing insulin but not antibiotics decreased by -12.7% to X kg in 2021. Over the period under review, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,186%. As a result, the exports attained the peak of X kg, and then contracted in the following year.

In value terms, medicaments containing insulin exports declined to $X in 2021. In general, exports, however, enjoyed noticeable growth. The growth pace was the most rapid in 2020 when exports increased by 886%. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X kg) represented roughly 100% of total exports in 2021.

Russia was also the fastest-growing in terms of the medicaments containing insulin but not antibiotics exports, with a CAGR of +8.0% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest medicaments containing insulin supplier in the CIS.

In Russia, medicaments containing insulin exports increased at an average annual rate of +4.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, almost unchanged from the previous year. In general, the export price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2015 an increase of 37% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -3.6% per year.

Medicaments Containing Insulin Imports

Imports in CIS

Medicaments containing insulin imports dropped notably to X tons in 2021, reducing by -73.4% against the previous year's figure. Overall, imports faced a precipitous shrinkage. The growth pace was the most rapid in 2016 with an increase of 317%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, medicaments containing insulin imports dropped significantly to $X in 2021. In general, imports faced a significant decline. The most prominent rate of growth was recorded in 2016 with an increase of 302%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Russia represented the key importer of medicaments containing insulin but not antibiotics in the CIS, with the volume of imports accounting for X tons, which was approx. 88% of total imports in 2021. It was distantly followed by Belarus (X kg), comprising an 11% share of total imports.

Imports into Russia decreased at an average annual rate of -41.8% from 2012 to 2021. At the same time, Belarus (+35.1%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +35.1% from 2012-2021. Belarus (+11 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -11.5% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported medicaments containing insulin but not antibiotics in the CIS, comprising 100% of total imports. The second position in the ranking was taken by Belarus ($X), with a 0.1% share of total imports.

In Russia, medicaments containing insulin imports plunged by an average annual rate of -27.6% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, increasing by 38% against the previous year. Overall, the import price saw significant growth. The pace of growth appeared the most rapid in 2020 an increase of 123%. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Belarus stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+24.4%).

Source: IndexBox Market Intelligence Platform

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