Belgium: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Belgium

The Belgian medicaments containing penicillin market reduced rapidly to $X in 2021, waning by -16.2% against the previous year. Overall, consumption showed a slight downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Medicaments Containing Penicillin Production in Belgium

In value terms, medicaments containing penicillin production reduced remarkably to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 49%. Medicaments containing penicillin production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Medicaments Containing Penicillin Exports

Exports from Belgium

In 2021, shipments abroad of medicaments containing penicillins or derivatives thereof decreased by -1.7% to X tons, falling for the third year in a row after three years of growth. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 2,568% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, medicaments containing penicillin exports reached $X in 2021. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 4,802%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for medicaments containing penicillin exports from Belgium, with a approx. 98% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to +18.7%.

In value terms, Italy ($X) also remains the key foreign market for medicaments containing penicillins or derivatives thereof exports from Belgium.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +361.6%.

Export Prices by Country

In 2021, the average medicaments containing penicillin export price amounted to $X per ton, picking up by 2% against the previous year. In general, the export price posted significant growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 701% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to +7.5% per year.

Medicaments Containing Penicillin Imports

Imports into Belgium

In 2021, purchases abroad of medicaments containing penicillins or derivatives thereof increased by 9.2% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 785% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, medicaments containing penicillin imports expanded slightly to $X in 2021. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,268%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest medicaments containing penicillin supplier to Belgium, accounting for a 80% share of total imports. Moreover, medicaments containing penicillin imports from Japan exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The Netherlands (X kg) ranked third in terms of total imports with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan totaled +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+262.2% per year) and the Netherlands (-14.1% per year).

In value terms, Japan ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Belgium, comprising 94% of total imports. The second position in the ranking was taken by Italy ($X), with a 5.8% share of total imports. It was followed by the Netherlands, with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at +238.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+347.9% per year) and the Netherlands (-2.3% per year).

Import Prices by Country

In 2021, the average medicaments containing penicillin import price amounted to $X per ton, with a decrease of -4.9% against the previous year. In general, the import price, however, showed a significant increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 192%. The import price peaked at $X per ton in 2020, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+23.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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