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

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

The Bolivian penicillins or streptomycins medicaments market soared to $X in 2022, growing by 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Bolivia

In 2022, shipments abroad of medicaments of penicillins, streptomycins or derivatives thereof decreased by -50% to X kg for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a precipitous curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 130%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments exports contracted markedly to $X in 2022. Over the period under review, exports recorded a sharp contraction. The pace of growth was the most pronounced in 2021 when exports increased by 264% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X kg) was the main destination for penicillins or streptomycins medicaments exports from Bolivia, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru amounted to -40.5%.

In value terms, Peru ($X) also remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Bolivia.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru amounted to -35.2%.

Export Prices by Country

In 2022, the average penicillins or streptomycins medicaments export price amounted to $X per ton, picking up by 27% against the previous year. Overall, the export price recorded resilient growth. The pace of growth appeared the most rapid in 2021 an increase of 59% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +9.0% per year.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Bolivia

In 2022, penicillins or streptomycins medicaments imports into Bolivia soared to X tons, with an increase of 33% against the previous year's figure. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.1% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of 38% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, penicillins or streptomycins medicaments imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +5.2% 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 attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of penicillins or streptomycins medicaments to Bolivia, accounting for a 49% share of total imports. Moreover, penicillins or streptomycins medicaments imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Argentina (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+25.7% per year) and Argentina (+5.7% per year).

In value terms, the largest penicillins or streptomycins medicaments suppliers to Bolivia were China ($X), Argentina ($X) and India ($X), with a combined 74% share of total imports. Chile, Paraguay, Colombia and Peru lagged somewhat behind, together accounting for a further 22%.

In terms of the main suppliers, Peru, with a CAGR of +67.1%, recorded 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, growing by 4.8% against the previous year. Over the period under review, the import price, however, recorded a pronounced slump. The growth pace was the most rapid in 2013 an increase of 25%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 Argentina ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform