Northern America: Medicaments Containing Hormones Market 2024

Medicaments Containing Hormones Market Size in Northern America

In 2023, the North American medicaments containing hormones market was finally on the rise to reach $X for the first time since 2020, thus ending a two-year declining trend. In general, consumption recorded a prominent increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Medicaments Containing Hormones Production in Northern America

In value terms, medicaments containing hormones production shrank to $X in 2023 estimated in export price. Overall, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

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Medicaments Containing Hormones Exports

Exports in Northern America

In 2023, overseas shipments of medicaments containing hormones but not antibiotics increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, medicaments containing hormones exports surged to $X in 2023. Total exports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

The United States was the main exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Canada (X tons), constituting a X% share of total exports.

Exports from the United States decreased at an average annual rate of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2023. Canada (X p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the United States ($X) remains the largest medicaments containing hormones supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in the United States totaled X%.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per ton, jumping by X% against the previous year. In general, the export price enjoyed buoyant growth. The growth pace was the most rapid in 2019 an increase of X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Medicaments Containing Hormones Imports

Imports in Northern America

In 2023, medicaments containing hormones imports in Northern America soared to X tons, picking up by X% on the year before. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, medicaments containing hormones imports skyrocketed to $X in 2023. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked in 2023 and is likely to see gradual growth in the near future.

Imports by Country

The United States was the major importing country with an import of about X tons, which reached X% of total imports. Greenland (X tons) ranks second in terms of the total imports with an X% share, followed by Canada (X%).

The United States was also the fastest-growing in terms of the medicaments containing hormones but not antibiotics imports, with a CAGR of X% from 2012 to 2023. At the same time, Canada (X%) and Greenland (X%) displayed positive paces of growth. Greenland (X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported medicaments containing hormones but not antibiotics in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States stood at X%. In the other countries, the average annual rates were as follows: Canada (X% per year) and Greenland (X% per year).

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while Greenland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform