Argentina: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Argentina

After two years of growth, the Argentinian medicaments containing penicillin market decreased by -11.3% to $X in 2021. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +63.7% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2020, and then dropped in the following year.

Medicaments Containing Penicillin Exports

Exports from Argentina

In 2021, medicaments containing penicillin exports from Argentina soared to X kg, increasing by 21% on 2020. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 2,835%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, medicaments containing penicillin exports skyrocketed to $X in 2021. In general, exports continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,286%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Chile (X kg) was the main destination for medicaments containing penicillin exports from Argentina, with a 80% share of total exports. Moreover, medicaments containing penicillin exports to Chile exceeded the volume sent to the second major destination, Bolivia (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Chile amounted to +104.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+23.2% per year) and Panama (-0.8% per year).

In value terms, Chile ($X) remains the key foreign market for medicaments containing penicillins or derivatives thereof exports from Argentina, comprising 73% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Chile totaled +132.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+25.8% per year) and Panama (-29.1% per year).

Export Prices by Country

In 2021, the average medicaments containing penicillin export price amounted to $X per ton, with an increase of 6.2% against the previous year. Overall, the export price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 164% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+69.8%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Penicillin Imports

Imports into Argentina

In 2021, after two years of growth, there was significant decline in purchases abroad of medicaments containing penicillins or derivatives thereof, when their volume decreased by -11.2% to X tons. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.4% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 40% against the previous year. Imports peaked at X tons in 2020, and then declined in the following year.

In value terms, medicaments containing penicillin imports fell to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.2% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 42% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of medicaments containing penicillin to Argentina, accounting for a 83% share of total imports. Moreover, medicaments containing penicillin imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), ninefold. India (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+40.4% per year) and India (-5.7% per year).

In value terms, China ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Argentina, comprising 78% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by India, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+43.9% per year) and India (-6.4% per year).

Import Prices by Country

The average medicaments containing penicillin import price stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 29% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, 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 Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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