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

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

In 2021, the Venezuelan market for hormones, prostaglandins, thromboxanes and leukotrienes increased by 192% to $X, rising for the second year in a row after seven years of decline. Overall, consumption, however, faced a dramatic decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Imports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Imports into Venezuela

In 2021, purchases abroad of hormones, prostaglandins, thromboxanes and leukotrienes increased by 250% to X tons, rising for the second year in a row after seven years of decline. Over the period under review, imports, however, showed a abrupt shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a sharp reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of hormones, prostaglandins, thromboxanes and leukotrienes to Venezuela, accounting for a 36% share of total imports. Moreover, hormones, prostaglandins, thromboxanes and leukotrienes imports from Brazil exceeded the figures recorded by the second-largest supplier, Italy (X kg), tenfold. The third position in this ranking was held by Switzerland (X kg), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil stood at +34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-10.3% per year) and Switzerland (-18.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of hormones, prostaglandins, thromboxanes and leukotrienes to Venezuela, comprising 53% of total imports. The second position in the ranking was held by Italy ($X), with a 26% share of total imports. It was followed by Switzerland, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil stood at +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.0% per year) and Switzerland (-21.6% per year).

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 -60.7% against the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 27% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+55.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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