Australia and Oceania: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Australia and Oceania

In 2021, the medicaments containing penicillin market in Australia and Oceania was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption showed a resilient increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Medicaments Containing Penicillin Production in Australia and Oceania

In value terms, medicaments containing penicillin production reached $X in 2021 estimated in export price. Over the period under review, production saw a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 371%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Medicaments Containing Penicillin Exports

Exports in Australia and Oceania

In 2021, exports of medicaments containing penicillins or derivatives thereof in Australia and Oceania skyrocketed to X tons, rising by 270% on 2020. Overall, exports, however, showed a abrupt descent. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, medicaments containing penicillin exports declined to $X in 2021. Over the period under review, exports, however, showed a sharp descent. The pace of growth appeared the most rapid in 2018 with an increase of 112%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia dominates exports structure, reaching X tons, which was approx. 91% of total exports in 2021. It was distantly followed by New Zealand (X tons), constituting a 7.4% share of total exports.

Australia was also the fastest-growing in terms of the medicaments containing penicillins or derivatives thereof exports, with a CAGR of -8.4% from 2012 to 2021. New Zealand (-18.3%) illustrated a downward trend over the same period. Australia (+11 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -10.7% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest medicaments containing penicillin supplier in Australia and Oceania, comprising 83% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 16% share of total exports.

In Australia, medicaments containing penicillin exports plunged by an average annual rate of -26.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, reducing by -73.9% against the previous year. Over the period under review, the export price faced a abrupt descent. The pace of growth was the most pronounced in 2018 when the export price increased by 87%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+2.2%).

Medicaments Containing Penicillin Imports

Imports in Australia and Oceania

In 2021, after three years of decline, there was significant growth in overseas purchases of medicaments containing penicillins or derivatives thereof, when their volume increased by 51% to X tons. In general, imports, however, recorded a significant decrease. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, medicaments containing penicillin imports surged to $X in 2021. Over the period under review, imports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of 29%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Australia represented the major importer of medicaments containing penicillins or derivatives thereof in Australia and Oceania, with the volume of imports recording X tons, which was approx. 40% of total imports in 2021. Marshall Islands (X tons) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Palau (13%), Fiji (7.5%) and Samoa (7%). The following importers - Micronesia (X kg) and Papua New Guinea (X kg) - each amounted to a 6% share of total imports.

Imports into Australia decreased at an average annual rate of -6.5% from 2012 to 2021. At the same time, Palau (+32.6%) and Marshall Islands (+13.8%) displayed positive paces of growth. Moreover, Palau emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +32.6% from 2012-2021. By contrast, Samoa (-4.7%), Papua New Guinea (-11.1%), Fiji (-29.6%) and Micronesia (-34.1%) illustrated a downward trend over the same period. While the share of Australia (+31 p.p.), Marshall Islands (+18 p.p.), Palau (+13 p.p.), Samoa (+5.5 p.p.) and Papua New Guinea (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Micronesia (-15.5 p.p.) and Fiji (-15.9 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported medicaments containing penicillins or derivatives thereof in Australia and Oceania, comprising 46% of total imports. The second position in the ranking was taken by Marshall Islands ($X), with a 16% share of total imports. It was followed by Fiji, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to -4.7%. In the other countries, the average annual rates were as follows: Marshall Islands (+23.0% per year) and Fiji (-19.0% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, falling by -16.4% against the previous year. Over the period under review, the import price, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2014 when the import price increased by 46%. The level of import peaked at $X per ton in 2020, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Fiji ($X per ton), while Micronesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Fiji (+15.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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