Peru: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Peru

The Peruvian medicaments containing corticosteroid hormones market surged to $X in 2022, growing 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, however, continues to indicate a noticeable slump. Medicaments containing corticosteroid hormones consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Peru

In 2022, exports of medicaments containing corticosteroid hormones from Peru surged to X tons, jumping by X% against 2021. In general, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, medicaments containing corticosteroid hormones exports skyrocketed to $X in 2022. Overall, exports saw a strong expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Ecuador (X tons), Venezuela (X tons) and Bolivia (X tons) were the main destinations of medicaments containing corticosteroid hormones exports from Peru, with a combined X% share of total exports. Paraguay, Guatemala, Panama, Colombia, the Dominican Republic, Chile and Costa Rica lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Bolivia ($X) and Guatemala ($X) were the largest markets for medicaments containing corticosteroid hormones exported from Peru worldwide, together accounting for X% of total exports. Venezuela, Colombia, Paraguay, Panama, Chile, the Dominican Republic and Costa Rica lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Paraguay, with a CAGR of X%, recorded 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 medicaments containing corticosteroid hormones export price amounted to $X per ton, shrinking by X% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to the Dominican Republic ($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 Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Medicaments Containing Corticosteroid Hormones

Imports into Peru

In 2022, the amount of medicaments containing corticosteroid hormones imported into Peru rose significantly to X tons, with an increase of X% compared with 2021. Over the period under review, imports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, medicaments containing corticosteroid hormones imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest medicaments containing corticosteroid hormones supplier to Peru, accounting for a X% share of total imports. Moreover, medicaments containing corticosteroid hormones imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Paraguay (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X), Italy ($X) and France ($X) constituted the largest medicaments containing corticosteroid hormones suppliers to Peru, together accounting for X% of total imports. India, the United States, Mexico, Brazil, Germany, Belgium, Colombia, Paraguay, Argentina and Chile lagged somewhat behind, together accounting for a further X%.

Paraguay, 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, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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