Brazil: Antibiotic Market 2024

Antibiotic Market Size in Brazil

In 2021, the Brazilian antibiotic market increased by 4.2% to $X, rising for the fifth year in a row after two years of decline. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.9% against 2016 indices. Antibiotic consumption peaked in 2021 and is expected to retain growth in the immediate term.

Antibiotic Production in Brazil

In value terms, antibiotic production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 20%. Over the period under review, production hit record highs at $X in 2020, and then declined slightly in the following year.

Antibiotic Exports

Exports from Brazil

In 2021, shipments abroad of antibiotics decreased by -7.2% to X tons, falling for the fourth year in a row after two years of growth. In general, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of 15% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, antibiotic exports skyrocketed to $X in 2021. Overall, exports continue to indicate a mild downturn. The pace of growth appeared the most rapid in 2016 with an increase of 29% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for antibiotic exports from Brazil, accounting for a 57% share of total exports. Moreover, antibiotic exports to Canada exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.2% per year) and Italy (+69.5% per year).

In value terms, Italy ($X), Canada ($X) and the United States ($X) were the largest markets for antibiotic exported from Brazil worldwide, with a combined 91% share of total exports.

Italy, with a CAGR of +79.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average antibiotic export price stood at $X per ton in 2021, with an increase of 32% against the previous year. Overall, the export price saw a resilient increase. The pace of growth was the most pronounced in 2014 an increase of 79%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Antibiotic Imports

Imports into Brazil

In 2021, the amount of antibiotics imported into Brazil skyrocketed to X tons, increasing by 19% compared with 2020 figures. Over the period under review, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.8% against 2018 indices. The growth pace was the most rapid in 2020 when imports increased by 40%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, antibiotic imports reached $X in 2021. Overall, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +52.6% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 28%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

China (X tons), the United States (X tons) and India (X tons) were the main suppliers of antibiotic imports to Brazil, together accounting for 85% of total imports. Spain, Mexico and Italy lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +21.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of antibiotics to Brazil, comprising 47% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by India, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.7% per year) and India (+8.3% per year).

Import Prices by Country

In 2021, the average antibiotic import price amounted to $X per ton, dropping by -15.2% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, antibiotic import price decreased by -22.7% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 18%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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