Hong Kong SAR, China: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Hong Kong SAR, China

The Hong Kong medicaments containing corticosteroid hormones market rose notably to $X in 2022, surging by X% against the previous year. Overall, consumption, however, showed a perceptible setback. Medicaments containing corticosteroid hormones consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Medicaments Containing Corticosteroid Hormones in Hong Kong SAR, China

In value terms, medicaments containing corticosteroid hormones production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2020 with an increase of X%. Medicaments containing corticosteroid hormones production peaked 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 Hong Kong SAR, China

In 2022, overseas shipments of medicaments containing corticosteroid hormones increased by X% to X tons, rising for the seventh consecutive year after two years of decline. Overall, total exports indicated a noticeable increase from 2012 to 2022: its volume 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 2015 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, medicaments containing corticosteroid hormones exports contracted to $X in 2022. Over the period under review, total exports indicated a slight expansion 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 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined slightly in the following year.

Exports by Country

China (X tons) was the main destination for medicaments containing corticosteroid hormones exports from Hong Kong SAR, with a X% share of total exports. Moreover, medicaments containing corticosteroid hormones exports to China exceeded the volume sent to the second major destination, Macao SAR (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%.

In value terms, China ($X) remains the key foreign market for medicaments containing corticosteroid hormones exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Macao SAR ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%.

Export Prices by Country

In 2022, the average medicaments containing corticosteroid hormones export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Hong Kong SAR, China

In 2022, the amount of medicaments containing corticosteroid hormones imported into Hong Kong SAR reached X tons, with an increase of X% compared with 2021. In general, imports saw a prominent increase. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, medicaments containing corticosteroid hormones imports totaled $X in 2022. Overall, total imports indicated a buoyant expansion 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, imports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Italy (X tons) constituted the largest medicaments containing corticosteroid hormones supplier to Hong Kong SAR, with a X% share of total imports. Moreover, medicaments containing corticosteroid hormones imports from Italy exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was held by the UK (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the UK (X% per year).

In value terms, France ($X), Belgium ($X) and the UK ($X) constituted the largest medicaments containing corticosteroid hormones suppliers to Hong Kong SAR, with a combined X% share of total imports. China, Italy, Singapore, Japan, Spain, Ireland, the Netherlands, Switzerland and Sweden lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average medicaments containing corticosteroid hormones import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X,601 per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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