Australia: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Australia

In 2021, the Australian medicaments containing penicillin market was finally on the rise to reach $X after two years of decline. In general, consumption enjoyed buoyant growth. As a result, consumption attained 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

In value terms, medicaments containing penicillin production expanded notably to $X in 2021 estimated in export price. Overall, production continues to indicate resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 379%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Medicaments Containing Penicillin Exports

Exports from Australia

Medicaments containing penicillin exports from Australia skyrocketed to X tons in 2021, growing by 280% on the previous year. Overall, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, medicaments containing penicillin exports fell rapidly to $X in 2021. Over the period under review, exports, however, recorded a significant decline. The most prominent rate of growth was recorded in 2018 when exports increased by 294%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), New Zealand (X tons) and Trinidad and Tobago (X tons) were the main destinations of medicaments containing penicillin exports from Australia, with a combined 82% share of total exports. These countries were followed by France, Hong Kong SAR and Thailand, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +240.4%), while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) remains the key foreign market for medicaments containing penicillins or derivatives thereof exports from Australia, comprising 79% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with an 11% share of total exports. It was followed by Trinidad and Tobago, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value to New Zealand stood at -28.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+84.0% per year) and Trinidad and Tobago (0.0% per year).

Export Prices by Country

In 2021, the average medicaments containing penicillin export price amounted to $X per ton, with a decrease of -78.1% against the previous year. In general, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 85% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to France ($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 Hong Kong SAR (-4.4%), while the prices for the other major destinations experienced a decline.

Medicaments Containing Penicillin Imports

Imports into Australia

In 2021, after four years of decline, there was significant growth in purchases abroad of medicaments containing penicillins or derivatives thereof, when their volume increased by 53% to X tons. Over the period under review, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when imports increased by 183%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, medicaments containing penicillin imports stood at $X in 2021. In general, imports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 57% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest medicaments containing penicillin supplier to Australia, with a 87% share of total imports. Moreover, medicaments containing penicillin imports from China exceeded the figures recorded by the second-largest supplier, Slovenia (X kg), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.0%.

In value terms, China ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Australia, comprising 79% of total imports. The second position in the ranking was held by Slovenia ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +9.2%.

Import Prices by Country

In 2021, the average medicaments containing penicillin import price amounted to $X per ton, waning by -30.7% against the previous year. In general, the import price, however, continues to indicate a mild increase. The growth pace was the most rapid in 2018 an increase of 107% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then fell dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.1%).

Source: IndexBox Platform

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