Algeria: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Algeria

After two years of decline, the Algerian medicaments containing penicillin market increased by 11% to $X in 2021. Over the period under review, consumption showed a resilient expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Medicaments Containing Penicillin Production in Algeria

In value terms, medicaments containing penicillin production dropped to $X in 2021 estimated in export price. Overall, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 72% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Medicaments Containing Penicillin Exports

Exports from Algeria

In 2021, shipments abroad of medicaments containing penicillins or derivatives thereof decreased by -13.9% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 6,355%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, medicaments containing penicillin exports stood at $X in 2021. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 6,307% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for medicaments containing penicillin exports from Algeria, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia stood at +29.1%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for medicaments containing penicillins or derivatives thereof exports from Algeria.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia stood at +20.9%.

Export Prices by Country

The average medicaments containing penicillin export price stood at $X per ton in 2021, growing by 17% against the previous year. In general, the export price, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by 23%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to -6.4% per year.

Medicaments Containing Penicillin Imports

Imports into Algeria

In 2021, medicaments containing penicillin imports into Algeria soared to X tons, rising by 92% compared with the previous year. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 498%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, medicaments containing penicillin imports surged to $X in 2021. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 885% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, the UK (X tons) constituted the largest medicaments containing penicillin supplier to Algeria, accounting for a 63% share of total imports. Moreover, medicaments containing penicillin imports from the UK exceeded the figures recorded by the second-largest supplier, Jordan (X tons), threefold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 6% share.

From 2012 to 2021, the average annual growth rate of volume from the UK stood at +74.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+110.6% per year) and Saudi Arabia (+47.7% per year).

In value terms, the UK ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Algeria, comprising 73% of total imports. The second position in the ranking was held by Jordan ($X), with a 13% share of total imports. It was followed by Saudi Arabia, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from the UK stood at +84.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+110.5% per year) and Saudi Arabia (+37.5% per year).

Import Prices by Country

In 2021, the average medicaments containing penicillin import price amounted to $X per ton, waning by -20.1% against the previous year. Over the period under review, the import price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 89% against the previous year. 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 the UK ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :