Australia and Oceania: Market for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof 2024

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Australia and Oceania

For the fourth consecutive year, the penicillins or streptomycins medicaments market in Australia and Oceania recorded decline in sales value, which decreased by -7% to $X in 2022. Over the period under review, consumption continues to indicate a perceptible decline. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Australia and Oceania

In value terms, penicillins or streptomycins medicaments production reached $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 18%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports in Australia and Oceania

In 2022, shipments abroad of medicaments of penicillins, streptomycins or derivatives thereof increased by 55% to X tons, rising for the third consecutive year after two years of decline. Overall, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by 210% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, penicillins or streptomycins medicaments exports skyrocketed to $X in 2022. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 183% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Australia (X tons) and New Zealand (X tons) dominates exports structure, together constituting 97% of total exports. Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Fiji (with a CAGR of +71.7%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and Fiji ($X) were the countries with the highest levels of exports in 2022, with a combined 99.9% share of total exports.

In terms of the main exporting countries, Fiji, with a CAGR of +62.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, the export price, however, recorded a pronounced curtailment. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-1.5%), while the other leaders experienced a decline in the export price figures.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports in Australia and Oceania

Penicillins or streptomycins medicaments imports fell to X tons in 2022, waning by -3.2% compared with 2021 figures. Overall, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2015 with an increase of 14%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments imports reached $X in 2022. In general, imports saw a mild shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 16%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Australia represented the major importer of medicaments of penicillins, streptomycins or derivatives thereof in Australia and Oceania, with the volume of imports resulting at X tons, which was near 56% of total imports in 2022. New Zealand (X tons) ranks second in terms of the total imports with a 20% share, followed by Papua New Guinea (18%). The following importers - New Caledonia (X tons) and Solomon Islands (X tons) - each reached a 3.2% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to penicillins or streptomycins medicaments imports into Australia stood at -3.7%. At the same time, Solomon Islands (+6.3%), Papua New Guinea (+5.8%) and New Caledonia (+2.1%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +6.3% from 2012-2022. By contrast, New Zealand (-7.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Papua New Guinea increased by +11 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported medicaments of penicillins, streptomycins or derivatives thereof in Australia and Oceania, comprising 64% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 23% share of total imports. It was followed by Papua New Guinea, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia was relatively modest. In the other countries, the average annual rates were as follows: New Zealand (-4.3% per year) and Papua New Guinea (+5.2% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, with an increase of 4.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2018 an increase of 22%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Caledonia ($X per ton), while Solomon Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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