Canada: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Canada

The Canadian medicaments containing penicillin market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption recorded buoyant growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Medicaments Containing Penicillin Production in Canada

In value terms, medicaments containing penicillin production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production saw buoyant growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 332%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Medicaments Containing Penicillin Exports

Exports from Canada

In 2021, shipments abroad of medicaments containing penicillins or derivatives thereof was finally on the rise to reach X tons after two years of decline. In general, exports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 8,596%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, medicaments containing penicillin exports reduced markedly to $X in 2021. Overall, exports, however, recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 3,369% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Sudan (X kg) and Bahamas (X kg) were the main destinations of medicaments containing penicillin exports from Canada, together comprising 85% of total exports. These countries were followed by Barbados, Guyana, Saudi Arabia and the United States, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guyana (with a CAGR of +43.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medicaments containing penicillin exported from Canada were Sudan ($X), Guyana ($X) and the United Arab Emirates ($X), with a combined 88% share of total exports.

Guyana, with a CAGR of +67.2%, 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

In 2021, the average medicaments containing penicillin export price amounted to $X per ton, reducing by -58.1% against the previous year. In general, the export price showed a slight downturn. The pace of growth appeared the most rapid in 2015 an increase of 179%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guyana ($X per ton), while the average price for exports to the United Arab Emirates ($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 Guyana (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Penicillin Imports

Imports into Canada

In 2021, imports of medicaments containing penicillins or derivatives thereof into Canada shrank rapidly to X tons, which is down by -40.6% on the year before. In general, imports saw a deep reduction. The growth pace was the most rapid in 2016 when imports increased by 767% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, medicaments containing penicillin imports fell markedly to $X in 2021. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 833% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of medicaments containing penicillin to Canada, with a 63% share of total imports. Moreover, medicaments containing penicillin imports from India exceeded the figures recorded by the second-largest supplier, the United States (X kg), threefold. The third position in this ranking was held by New Zealand (X kg), with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.0% per year) and New Zealand (-14.3% per year).

In value terms, India ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Canada, comprising 80% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by New Zealand, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-19.9% per year) and New Zealand (-26.3% per year).

Import Prices by Country

The average medicaments containing penicillin import price stood at $X per ton in 2021, declining by -11.4% against the previous year. In general, the import price showed a noticeable descent. The pace of growth was the most pronounced in 2015 when the average import price increased by 36%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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 India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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