Russian Federation: Market for Hormones, Prostaglandins, Thromboxanes And Leukotrienes 2023

Market Size for Hormones, Prostaglandins, Thromboxanes And Leukotrienes in the Russian Federation

In 2021, the Russian market for hormones, prostaglandins, thromboxanes and leukotrienes decreased by -43.6% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Exports from the Russian Federation

In 2021, shipments abroad of hormones, prostaglandins, thromboxanes and leukotrienes decreased by -63% to X tons, falling for the fourth consecutive year after three years of growth. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 346%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes exports shrank rapidly to $X in 2021. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by 356% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for hormones, prostaglandins, thromboxanes and leukotrienes exports from Russia, accounting for a 87% share of total exports. Moreover, hormones, prostaglandins, thromboxanes and leukotrienes exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X kg), more than tenfold. The third position in this ranking was taken by Lithuania (X kg), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan amounted to +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+1.9% per year) and Lithuania (+3,250.0% per year).

In value terms, Kazakhstan ($X), Belarus ($X) and Lithuania ($X) were the largest markets for hormones, prostaglandins, thromboxanes and leukotrienes exported from Russia worldwide, together accounting for 97% of total exports.

Among the main countries of destination, Lithuania, with a CAGR of +83.0%, 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 2021, the average export price for hormones, prostaglandins, thromboxanes and leukotrienes amounted to $X per ton, declining by -25.1% against the previous year. Over the period under review, the export price showed a slight slump. The pace of growth was the most pronounced in 2020 an increase of 4.4%. As a result, the export price attained the peak level of $X per ton, and then shrank notably in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+86.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Imports into the Russian Federation

In 2021, supplies from abroad of hormones, prostaglandins, thromboxanes and leukotrienes decreased by -54% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt decline. The growth pace was the most rapid in 2013 when imports increased by 507%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes imports dropped to $X in 2021. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 746% against the previous year. Imports peaked at $X in 2020, and then fell in the following year.

Imports by Country

China (X tons), the Netherlands (X tons) and India (X kg) were the main suppliers of hormones, prostaglandins, thromboxanes and leukotrienes imports to Russia, with a combined 91% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +121.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of hormones, prostaglandins, thromboxanes and leukotrienes to Russia, comprising 48% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total imports. It was followed by Denmark, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +44.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+498.5% per year) and Denmark (+251.5% per year).

Import Prices by Country

In 2021, the average import price for hormones, prostaglandins, thromboxanes and leukotrienes amounted to $X per kg, surging by 91% against the previous year. Overall, the import price saw significant growth. The pace of growth was the most pronounced in 2020 an increase of 965% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per kg), while the price for China ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4,097.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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