Benelux: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Benelux

The Benelux medicaments containing penicillin market fell to $X in 2021, which is down by -7.4% against the previous year. The total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +9.0% against 2019 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Medicaments Containing Penicillin Production in Benelux

In value terms, medicaments containing penicillin production reduced to $X in 2021 estimated in export price. The total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +9.1% against 2019 indices. The growth pace was the most rapid in 2018 when the production volume increased by 46% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Medicaments Containing Penicillin Exports

Exports in Benelux

In 2021, overseas shipments of medicaments containing penicillins or derivatives thereof decreased by -1.2% to X tons, falling for the fourth consecutive year after three years of growth. In general, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 215% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, medicaments containing penicillin exports amounted to $X in 2021. Overall, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 231%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium prevails in exports structure, recording X tons, which was approx. 98% of total exports in 2021. The Netherlands (X kg) held a relatively small share of total exports.

Belgium was also the fastest-growing in terms of the medicaments containing penicillins or derivatives thereof exports, with a CAGR of +93.7% from 2012 to 2021. The Netherlands (-30.7%) illustrated a downward trend over the same period. While the share of Belgium (+98 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-97.2 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest medicaments containing penicillin supplier in Benelux, comprising 99% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 0.7% share of total exports.

In Belgium, medicaments containing penicillin exports expanded at an average annual rate of +161.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, surging by 1.7% against the previous year. In general, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2014 when the export price increased by 207%. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+34.8%).

Medicaments Containing Penicillin Imports

Imports in Benelux

In 2021, after two years of decline, there was significant growth in purchases abroad of medicaments containing penicillins or derivatives thereof, when their volume increased by 13% to X tons. Overall, imports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of 116%. Over the period under review, imports hit record highs 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 markedly to $X in 2021. In general, imports saw a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by 198%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Belgium was the key importer of medicaments containing penicillins or derivatives thereof in Benelux, with the volume of imports reaching X tons, which was near 82% of total imports in 2021. It was distantly followed by the Netherlands (X tons), generating a 13% share of total imports. Luxembourg (X tons) took a relatively small share of total imports.

Belgium was also the fastest-growing in terms of the medicaments containing penicillins or derivatives thereof imports, with a CAGR of +24.6% from 2012 to 2021. Luxembourg (-5.7%) and the Netherlands (-25.5%) illustrated a downward trend over the same period. Belgium (+77 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -77.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported medicaments containing penicillins or derivatives thereof in Benelux, comprising 93% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 6% share of total imports.

In Belgium, medicaments containing penicillin imports increased at an average annual rate of +56.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (-22.6% per year) and Luxembourg (-4.3% per year).

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, with a decrease of -5% against the previous year. Overall, the import price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of 155%. Over the period under review, import prices hit record highs at $X per ton in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+25.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform