Ecuador: Market for Medicaments Of Alkaloids Or Derivatives Thereof 2024

Market Size for Medicaments Of Alkaloids Or Derivatives Thereof in Ecuador

The Ecuadorian market for medicaments of alkaloids or derivatives thereof declined to $X in 2022, dropping by X% 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). Overall, consumption saw a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Exports of Medicaments Of Alkaloids Or Derivatives Thereof

Exports from Ecuador

For the seventh consecutive year, Ecuador recorded decline in shipments abroad of medicaments of alkaloids or derivatives thereof, which decreased by X% to X tons in 2022. Over the period under review, exports saw a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of medicaments of alkaloids or derivatives thereof expanded modestly to $X in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Colombia (X tons), Guatemala (X tons) and Chile (X kg) were the main destinations of exports of medicaments of alkaloids or derivatives thereof from Ecuador, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Peru ($X) and Guatemala ($X) constituted the largest markets for medicaments of alkaloids or derivatives thereof exported from Ecuador worldwide, together comprising X% of total exports.

Among the main countries of destination, Guatemala, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for medicaments of alkaloids or derivatives thereof amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price saw a prominent expansion. The growth pace was the most rapid in 2016 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X,617 per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Medicaments Of Alkaloids Or Derivatives Thereof

Imports into Ecuador

In 2022, purchases abroad of medicaments of alkaloids or derivatives thereof decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of medicaments of alkaloids or derivatives thereof contracted to $X in 2022. Over the period under review, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest medicaments of alkaloids or derivatives thereof supplier to Ecuador, accounting for a X% share of total imports. Moreover, imports of medicaments of alkaloids or derivatives thereof from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Chile (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Germany (X% per year).

In value terms, Germany ($X), the United Arab Emirates ($X) and Uruguay ($X) were the largest medicaments of alkaloids or derivatives thereof suppliers to Ecuador, with a combined X% share of total imports.

Germany, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for medicaments of alkaloids or derivatives thereof stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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