Portugal: Market for Hormones, Prostaglandins, Thromboxanes And Leukotrienes 2023

Market Size for Hormones, Prostaglandins, Thromboxanes And Leukotrienes in Portugal

The Portuguese market for hormones, prostaglandins, thromboxanes and leukotrienes fell sharply to $X in 2021, which is down by -44.6% against the previous year. Over the period under review, consumption, however, posted a prominent increase. Over the period under review, the market hit record highs at $X in 2020, and then declined rapidly in the following year.

Production of Hormones, Prostaglandins, Thromboxanes And Leukotrienes in Portugal

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes production dropped sharply to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a tangible increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 317%. Hormones, prostaglandins, thromboxanes and leukotrienes production peaked at $X in 2020, and then fell sharply in the following year.

Exports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Exports from Portugal

In 2021, overseas shipments of hormones, prostaglandins, thromboxanes and leukotrienes increased by 2.1% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 136% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes exports expanded to $X in 2021. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of 59%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Denmark (X tons) was the main destination for hormones, prostaglandins, thromboxanes and leukotrienes exports from Portugal, with a 82% share of total exports. Moreover, hormones, prostaglandins, thromboxanes and leukotrienes exports to Denmark exceeded the volume sent to the second major destination, the UK (X kg), more than tenfold. The third position in this ranking was taken by Spain (X kg), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Denmark totaled +108.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+12.4% per year) and Spain (+34.6% per year).

In value terms, Denmark ($X) remains the key foreign market for hormones, prostaglandins, thromboxanes and leukotrienes exports from Portugal, comprising 83% of total exports. The second position in the ranking was taken by the UK ($X), with a 12% share of total exports. It was followed by the United States, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value to Denmark amounted to +104.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+8.9% per year) and the United States (-8.1% per year).

Export Prices by Country

The average export price for hormones, prostaglandins, thromboxanes and leukotrienes stood at $X per kg in 2021, approximately reflecting the previous year. Over the period under review, the export price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of 39%. The export price peaked at $X per kg in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Canada ($X per kg), while the average price for exports to Sao Tome and Principe ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Imports into Portugal

In 2021, the amount of hormones, prostaglandins, thromboxanes and leukotrienes imported into Portugal dropped sharply to X tons, shrinking by -37.9% compared with 2020. Over the period under review, imports, however, showed a notable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 156% against the previous year. Imports peaked at X tons in 2020, and then shrank sharply in the following year.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes imports shrank sharply to $X in 2021. In general, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 189%. Over the period under review, imports reached the maximum at $X in 2020, and then shrank rapidly in the following year.

Imports by Country

In 2021, Spain (X tons) constituted the largest hormones, prostaglandins, thromboxanes and leukotrienes supplier to Portugal, accounting for a 39% share of total imports. Moreover, hormones, prostaglandins, thromboxanes and leukotrienes imports from Spain exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+214.6% per year) and the United States (-2.9% per year).

In value terms, Denmark ($X) constituted the largest supplier of hormones, prostaglandins, thromboxanes and leukotrienes to Portugal, comprising 31% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by India, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Denmark totaled +190.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+29.9% per year) and India (+52.7% per year).

Import Prices by Country

The average import price for hormones, prostaglandins, thromboxanes and leukotrienes stood at $X per kg in 2021, declining by -22.6% against the previous year. Overall, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of 33% against the previous year. Over the period under review, average import prices attained the maximum at $X per kg in 2020, and then fell rapidly in the following year.

Prices varied noticeably country of origin: the country with the highest price was China ($X per kg), while the price for Spain ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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