Cuba: Medicaments Containing Insulin Market 2024

Medicaments Containing Insulin Market Size in Cuba

The Cuban medicaments containing insulin market totaled less than $X in 2021, remaining constant 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 showed a relatively flat trend pattern.

Medicaments Containing Insulin Exports

Exports from Cuba

Medicaments containing insulin exports from Cuba totaled less than X kg in 2021, almost unchanged from 2020 figures. Overall, exports continue to indicate a relatively flat trend pattern.

In value terms, medicaments containing insulin exports amounted to less than $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern.

Exports by Country

The United States prevails in exports structure, accounting for X tons, which was approx. 92% of total exports in 2021. It was distantly followed by , committing a 0% share of total exports. Thailand (X tons), the Netherlands (X tons), India (X tons) and Denmark (X tons) took a little share of total exports.

Exports from the United States increased at an average annual rate of +13.1% from 2012 to 2021. At the same time, Thailand (+102.4%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +102.4% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Denmark (-24.5%), India (-35.1%) and the Netherlands (-73.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States and Thailand increased by +39 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest medicaments containing insulin supplier from Cuba, comprising 84% of global exports. The second position in the ranking was taken by Thailand ($X), with a 0.6% share of global exports. It was followed by Denmark, with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled -6.6%. In the other countries, the average annual rates were as follows: Thailand (+48.3% per year) and Denmark (-36.9% per year).

Export Prices by Country

In 2021, the export price in Cuba amounted to less than $X per ton, remaining constant against the previous year. Overall, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+114.8%), while the other leaders experienced mixed trends in the export price figures.

Medicaments Containing Insulin Imports

Imports into Cuba

Medicaments containing insulin imports into Cuba stood at X kg in 2021, flattening at the year before. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, medicaments containing insulin imports stood at $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. Cuba imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Denmark (X tons) represented the largest importers of medicaments containing insulin but not antibioticsacross the globe, together comprising 67% of total imports. Brazil (X tons) took the next position in the ranking, followed by Malaysia (X tons) and Russia (X tons). All these countries together held approx. 12% share of total imports. Nigeria (X tons), Kuwait (X tons), Ethiopia (X tons), Japan (X tons), China (X tons) and Tunisia (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to medicaments containing insulin but not antibiotics imports into Denmark and Italy stood at +27.5% and -41.4%, respectively. At the same time, Brazil (+42.6%), Japan (+32.4%), Ethiopia (+17.3%), Kuwait (+8.8%) and Malaysia (+2.0%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in the world, with a CAGR of +42.6% from 2012-2021. By contrast, Nigeria (-2.5%), Tunisia (-22.6%), Russia (-41.8%) and China (-47.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark, Brazil, Malaysia, Kuwait, Nigeria, Ethiopia and Japan increased by +67, +6.7, +3.8, +2.5, +2, +2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) constitutes the largest market for imported medicaments containing insulin but not antibiotics into Cuba, comprising 66% of global imports. The second position in the ranking was held by Brazil ($X), with a 6.3% share of global imports. It was followed by Russia, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Denmark totaled +20.7%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+37.4% per year) and Russia (-27.6% per year).

Import Prices by Country

In 2021, the import price in Cuba amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Cuba import price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+24.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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