Venezuela: Market for Medicaments Containing Insulin But Not Antibiotics In Measured Doses 2022

Market Size for Medicaments Containing Insulin But Not Antibiotics In Measured Doses in Venezuela

In 2021, after two years of decline, there was significant growth in the Venezuelan prophylactic medicaments containing insulin market, when its value increased by X% to $X. Over the period under review, consumption, however, faced a precipitous decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Imports of Medicaments Containing Insulin But Not Antibiotics In Measured Doses

Imports into Venezuela

In 2021, overseas purchases of medicaments containing insulin but not antibiotics in measured doses were finally on the rise to reach X tons after two years of decline. Overall, imports, however, saw a deep contraction. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, prophylactic medicaments containing insulin imports surged to $X in 2021. Over the period under review, imports, however, faced a sharp setback. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest prophylactic medicaments containing insulin supplier to Venezuela, with a X% share of total imports. Moreover, prophylactic medicaments containing insulin imports from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and the United States (-X% per year).

In value terms, the United States ($X), India ($X) and the Netherlands ($X) were the largest prophylactic medicaments containing insulin suppliers to Venezuela.

Among the main suppliers, the Netherlands, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average prophylactic medicaments containing insulin import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs 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 the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform