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

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

The Belarusian penicillins or streptomycins medicaments market surged to $X in 2022, growing by 21% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Penicillins or streptomycins medicaments consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Belarus

In value terms, penicillins or streptomycins medicaments production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 38% against the previous year. Penicillins or streptomycins medicaments production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Belarus

In 2022, overseas shipments of medicaments of penicillins, streptomycins or derivatives thereof decreased by -2.3% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 43%. The exports peaked at X tons in 2021, and then reduced modestly in the following year.

In value terms, penicillins or streptomycins medicaments exports amounted to $X in 2022. In general, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of 45% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Russia (X tons) was the main destination for penicillins or streptomycins medicaments exports from Belarus, accounting for a 92% share of total exports. Moreover, penicillins or streptomycins medicaments exports to Russia exceeded the volume sent to the second major destination, Azerbaijan (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+15.7% per year) and Kazakhstan (-14.8% per year).

In value terms, Russia ($X) remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Belarus, comprising 94% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a 2.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+4.2% per year) and Kazakhstan (-25.7% 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 9.2% against the previous year. Overall, the export price, however, continues to indicate a slight decline. The growth pace was the most rapid in 2013 an increase of 31% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kazakhstan ($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 Russia (+0.5%), while the prices for the other major destinations experienced a decline.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Belarus

In 2022, the amount of medicaments of penicillins, streptomycins or derivatives thereof imported into Belarus skyrocketed to X tons, with an increase of 58% against the previous year's figure. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, penicillins or streptomycins medicaments imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Slovenia (X tons), Russia (X tons) and the UK (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Belarus, with a combined 50% share of total imports. Austria, Spain, India, China, Palestine, France, the Netherlands, Estonia, Bulgaria and Belgium lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Palestine (with a CAGR of +30.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), the UK ($X) and India ($X) appeared to be the largest penicillins or streptomycins medicaments suppliers to Belarus, with a combined 53% share of total imports. Russia, Austria, Palestine, the Netherlands, Spain, Bulgaria, Belgium, Estonia, France and China lagged somewhat behind, together accounting for a further 42%.

Palestine, with a CAGR of +31.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average penicillins or streptomycins medicaments import price stood at $X per ton in 2022, falling by -11.7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 20% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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