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

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

The Slovak market for hormones, prostaglandins, thromboxanes and leukotrienes soared to $X in 2021, jumping by 50% 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 recorded a strong increase. Hormones, prostaglandins, thromboxanes and leukotrienes consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Exports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Exports from Slovakia

In 2021, shipments abroad of hormones, prostaglandins, thromboxanes and leukotrienes was finally on the rise to reach X kg after four years of decline. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 48,200% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes exports soared to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2015 with an increase of 148,811%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for hormones, prostaglandins, thromboxanes and leukotrienes exports from Slovakia, accounting for a 34% share of total exports. Moreover, hormones, prostaglandins, thromboxanes and leukotrienes exports to Germany exceeded the volume sent to the second major destination, Belgium (X kg), twofold. France (X kg) ranked third in terms of total exports with a 12% share.

From 2013 to 2021, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+100.0% per year) and France (0.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for hormones, prostaglandins, thromboxanes and leukotrienes exports from Slovakia, comprising 45% of total exports. The second position in the ranking was taken by Belgium ($X), with a 21% share of total exports. It was followed by Italy, with an 8.8% share.

From 2013 to 2021, the average annual rate of growth in terms of value to Germany amounted to -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+236.9% per year) and Italy (0.0% per year).

Export Prices by Country

The average export price for hormones, prostaglandins, thromboxanes and leukotrienes stood at $X per ton in 2021, rising by 7.5% against the previous year. In general, the export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2015 when the average export price increased by 208%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+63.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Imports into Slovakia

Hormones, prostaglandins, thromboxanes and leukotrienes imports into Slovakia surged to X tons in 2021, jumping by 76% compared with 2020. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2019 with an increase of 410% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes imports skyrocketed to $X in 2021. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 173% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Ireland (X tons) constituted the largest hormones, prostaglandins, thromboxanes and leukotrienes supplier to Slovakia, with a 74% share of total imports. Moreover, hormones, prostaglandins, thromboxanes and leukotrienes imports from Ireland exceeded the figures recorded by the second-largest supplier, China (X kg), ninefold. The third position in this ranking was held by India (X kg), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ireland amounted to -13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.9% per year) and India (+117.9% per year).

In value terms, the largest hormones, prostaglandins, thromboxanes and leukotrienes suppliers to Slovakia were Ireland ($X), India ($X) and China ($X), with a combined 80% share of total imports.

Among the main suppliers, India, with a CAGR of +164.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for hormones, prostaglandins, thromboxanes and leukotrienes stood at $X per ton in 2021, which is down by -16.5% against the previous year. Overall, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 77% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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