Venezuela: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Venezuela

The Venezuelan medical gel preparations market skyrocketed to $X in 2022, with an increase of X% against the previous year. In general, consumption showed a relatively flat trend pattern. Medical gel preparations consumption peaked in 2022 and is expected to retain growth in the immediate term.

Medical Gel Preparations Production in Venezuela

In value terms, medical gel preparations production contracted to $X in 2022 estimated in export price. In general, production recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Medical gel preparations production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Medical Gel Preparations Exports

Exports from Venezuela

After nine years of decline, overseas shipments of gel preparations for human or veterinary medicine increased by X% to X kg in 2022. In general, exports, however, saw a dramatic curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, medical gel preparations exports rose sharply to $X in 2022. Over the period under review, exports, however, saw a dramatic descent. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X kg) was the main destination for medical gel preparations exports from Venezuela, with a X% share of total exports. Moreover, medical gel preparations exports to Colombia exceeded the volume sent to the second major destination, Panama (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia stood at X%.

In value terms, Colombia ($X) remains the key foreign market for gel preparations for human or veterinary medicine exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by Panama ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to X%.

Export Prices by Country

In 2022, the average medical gel preparations export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Panama totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%).

Medical Gel Preparations Imports

Imports into Venezuela

In 2022, approx. X tons of gel preparations for human or veterinary medicine were imported into Venezuela; picking up by X% against the previous year. Overall, imports saw a resilient expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, medical gel preparations imports skyrocketed to $X in 2022. In general, imports, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Colombia (X tons) constituted the largest medical gel preparations supplier to Venezuela, with a X% share of total imports. Moreover, medical gel preparations imports from Colombia exceeded the figures recorded by the second-largest supplier, Cuba (X tons), twofold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Colombia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cuba (X% per year) and Turkey (X% per year).

In value terms, Colombia ($X) constituted the largest supplier of gel preparations for human or veterinary medicine to Venezuela, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Cuba, with a X% share.

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

Import Prices by Country

In 2022, the average medical gel preparations import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price showed a deep downturn. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs 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 China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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