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

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

The Belgian penicillins or streptomycins medicaments market rose remarkably to $X in 2022, picking up by 14% against the previous year. In general, consumption continues to indicate a buoyant increase. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

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

In value terms, penicillins or streptomycins medicaments production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 123%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Belgium

In 2022, shipments abroad of medicaments of penicillins, streptomycins or derivatives thereof decreased by -26.8% to X tons, falling for the second year in a row after two years of growth. Overall, total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -28.4% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 73% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments exports reduced sharply to $X in 2022. Over the period under review, exports recorded a mild descent. The most prominent rate of growth was recorded in 2016 when exports increased by 126% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined significantly in the following year.

Exports by Country

The Netherlands (X tons), the United States (X tons) and Vietnam (X tons) were the main destinations of penicillins or streptomycins medicaments exports from Belgium, with a combined 43% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +47.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Belgium, comprising 19% of total exports. The second position in the ranking was held by China ($X), with an 8.6% share of total exports. It was followed by France, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+22.1% per year) and France (+21.1% per year).

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, picking up by 2.1% against the previous year. In general, the export price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 31% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($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 China (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Belgium

In 2022, overseas purchases of medicaments of penicillins, streptomycins or derivatives thereof decreased by -13.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 97% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, penicillins or streptomycins medicaments imports shrank notably to $X in 2022. In general, imports recorded a pronounced setback. The pace of growth was the most pronounced in 2016 when imports increased by 51%. Over the period under review, imports reached the peak figure at $X in 2021, and then declined remarkably in the following year.

Imports by Country

Italy (X tons), France (X tons) and Austria (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Belgium, together accounting for 80% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +29.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest penicillins or streptomycins medicaments suppliers to Belgium were Italy ($X), Austria ($X) and France ($X), together accounting for 79% of total imports.

Among the main suppliers, Austria, with a CAGR of +34.0%, 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

The average penicillins or streptomycins medicaments import price stood at $X per ton in 2022, waning by -22.2% against the previous year. Over the period under review, the import price showed a noticeable setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 71% 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.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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