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

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

In 2022, the Australian penicillins or streptomycins medicaments market decreased by -6% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption continues to indicate a noticeable decline. Penicillins or streptomycins medicaments consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Australia

In 2022, approx. X tons of medicaments of penicillins, streptomycins or derivatives thereof were exported from Australia; increasing by 48% against 2021 figures. In general, exports showed strong growth. The growth pace was the most rapid in 2017 when exports increased by 217% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, penicillins or streptomycins medicaments exports skyrocketed to $X in 2022. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 238%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

New Zealand (X tons) was the main destination for penicillins or streptomycins medicaments exports from Australia, with a 41% share of total exports. Moreover, penicillins or streptomycins medicaments exports to New Zealand exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by Mauritius (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand amounted to +20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-4.6% per year) and Mauritius (+479.5% per year).

In value terms, New Zealand ($X) remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Australia, comprising 68% of total exports. The second position in the ranking was held by Fiji ($X), with a 5% share of total exports. It was followed by Taiwan (Chinese), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to New Zealand stood at +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+54.2% per year) and Taiwan (Chinese) (-8.2% per year).

Export Prices by Country

In 2022, the average penicillins or streptomycins medicaments export price amounted to $X per ton, with an increase of 22% against the previous year. Over the period under review, the export price, however, recorded a mild decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Mauritius ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Australia

In 2022, overseas purchases of medicaments of penicillins, streptomycins or derivatives thereof were finally on the rise to reach X tons for the first time since 2015, thus ending a six-year declining trend. Over the period under review, imports, however, continue to indicate a perceptible decrease. The growth pace was the most rapid in 2015 with an increase of 26% against the previous year. As a result, imports attained 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 stood at $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 25% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Austria (X tons), India (X tons) and Italy (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Australia, with a combined 66% share of total imports. The United States, Ireland, the UK, Japan, France and Spain lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +107.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest penicillins or streptomycins medicaments suppliers to Australia were Austria ($X), India ($X) and Italy ($X), together comprising 66% of total imports. The United States, Ireland, the UK, Japan, France and Spain lagged somewhat behind, together accounting for a further 30%.

Among the main suppliers, Japan, with a CAGR of +70.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average penicillins or streptomycins medicaments import price amounted to $X per ton, standing approx. at the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, penicillins or streptomycins medicaments import price increased by +3.8% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 27% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Ireland ($X per ton), while the price for Spain ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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