U.S.: Chemical Contraceptive Preparations Market 2024

Chemical Contraceptive Preparations Market Size in the U.S.

After two years of decline, the U.S. chemical contraceptive preparations market increased by 8.2% to $X in 2021. In general, consumption posted prominent growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Chemical Contraceptive Preparations Exports

Exports from the U.S.

In 2021, chemical contraceptive preparations exports from the United States rose remarkably to X tons, picking up by 11% on the previous year. In general, exports, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 208%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, chemical contraceptive preparations exports rose significantly to $X in 2021. Overall, exports posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 82%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for chemical contraceptive preparations exports from the United States, with a 82% share of total exports. Moreover, chemical contraceptive preparations exports to Canada exceeded the volume sent to the second major destination, South Africa (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+27.0% per year) and China (-3.9% per year).

In value terms, Canada ($X) remains the key foreign market for chemical contraceptive preparations based on hormones or spermicides exports from the United States, comprising 84% of total exports. The second position in the ranking was taken by South Africa ($X), with a 6.2% share of total exports. It was followed by Venezuela, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+51.1% per year) and Venezuela (+14.0% per year).

Export Prices by Country

The average chemical contraceptive preparations export price stood at $X per ton in 2021, falling by -1.6% against the previous year. Over the period under review, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 200% 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 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to China ($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 South Africa (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

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Chemical Contraceptive Preparations Imports

Imports into the U.S.

After two years of decline, supplies from abroad of chemical contraceptive preparations based on hormones or spermicides increased by 21% to X tons in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chemical contraceptive preparations imports totaled $X in 2021. Overall, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 when imports increased by 89% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest chemical contraceptive preparations supplier to the United States, with a 46% share of total imports. Moreover, chemical contraceptive preparations imports from India exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +33.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+52.2% per year) and China (+29.5% per year).

In value terms, the largest chemical contraceptive preparations suppliers to the United States were the Netherlands ($X), Finland ($X) and India ($X), with a combined 83% share of total imports. Belgium, Germany, Spain, China and Canada lagged somewhat behind, together accounting for a further 16%.

Spain, with a CAGR of +37.5%, recorded the highest growth rate of 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

The average chemical contraceptive preparations import price stood at $X per ton in 2021, waning by -16% against the previous year. Overall, the import price, however, posted a measured expansion. The most prominent rate of growth was recorded in 2018 an increase of 67%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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