Venezuela: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Venezuela

After two years of growth, the Venezuelan medicaments containing corticosteroid hormones market decreased by X% to $X in 2022. Overall, consumption, however, recorded a pronounced decrease. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Medicaments Containing Corticosteroid Hormones in Venezuela

In value terms, medicaments containing corticosteroid hormones production reached $X in 2022 estimated in export price. Over the period under review, production showed a strong increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Venezuela

In 2022, shipments abroad of medicaments containing corticosteroid hormones increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, medicaments containing corticosteroid hormones exports shrank modestly to $X in 2022. Over the period under review, exports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for medicaments containing corticosteroid hormones exports from Venezuela, with a approx. X% share of total exports.

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

In value terms, Peru ($X) emerged as the key foreign market for medicaments containing corticosteroid hormones exports from Venezuela.

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

Export Prices by Country

In 2022, the average medicaments containing corticosteroid hormones export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to X% per year.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Venezuela

In 2022, purchases abroad of medicaments containing corticosteroid hormones increased by X% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, imports, however, faced a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, medicaments containing corticosteroid hormones imports soared to $X in 2022. Overall, imports, however, continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest medicaments containing corticosteroid hormones supplier to Venezuela, with a X% share of total imports. Moreover, medicaments containing corticosteroid hormones imports from India exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was taken by China (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and China (X% per year).

In value terms, the largest medicaments containing corticosteroid hormones suppliers to Venezuela were India ($X), Colombia ($X) and Brazil ($X), together accounting for X% of total imports. Argentina, Peru, China, Chile and the United States lagged somewhat behind, together accounting for a further X%.

Peru, with a CAGR of X%, saw the highest rates of growth with regard to 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 medicaments containing corticosteroid hormones import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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