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

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

The Colombian market for hormones, prostaglandins, thromboxanes and leukotrienes skyrocketed to $X in 2021, increasing by 22% 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, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +25.1% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Exports from Colombia

In 2021, the amount of hormones, prostaglandins, thromboxanes and leukotrienes exported from Colombia soared to X kg, increasing by 125% on 2020 figures. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 179% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes exports soared to $X in 2021. Over the period under review, exports, however, showed a drastic downturn. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X kg) was the main destination for hormones, prostaglandins, thromboxanes and leukotrienes exports from Colombia, accounting for a 75% share of total exports. Moreover, hormones, prostaglandins, thromboxanes and leukotrienes exports to Chile exceeded the volume sent to the second major destination, Italy (X kg), sixfold. The third position in this ranking was held by Mexico (X kg), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to +573.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+3.2% per year) and Mexico (0.0% per year).

In value terms, the largest markets for hormones, prostaglandins, thromboxanes and leukotrienes exported from Colombia were Chile ($X), Mexico ($X) and Italy ($X), together comprising 98% of total exports.

Chile, with a CAGR of +543.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for hormones, prostaglandins, thromboxanes and leukotrienes amounted to $X per ton, approximately mirroring the previous year. In general, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 266% against the previous year. 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.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per ton), while the average price for exports to Belize ($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 Ecuador (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Imports into Colombia

Hormones, prostaglandins, thromboxanes and leukotrienes imports into Colombia skyrocketed to X tons in 2021, increasing by 25% against the previous year's figure. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.3% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 66% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes imports skyrocketed to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 47%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), China (X tons) and India (X tons) were the main suppliers of hormones, prostaglandins, thromboxanes and leukotrienes imports to Colombia, with a combined 86% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +40.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and the United States ($X) appeared to be the largest hormones, prostaglandins, thromboxanes and leukotrienes suppliers to Colombia, with a combined 78% share of total imports. These countries were followed by India, Malaysia, Spain, Mexico and Switzerland, which together accounted for a further 19%.

Among the main suppliers, India, with a CAGR of +10.4%, saw 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 import price for hormones, prostaglandins, thromboxanes and leukotrienes stood at $X per kg in 2021, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 7.3% against the previous year. The import price peaked at $X per kg in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per kg), while the price for the United States ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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