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

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

In 2022, the Chilean penicillins or streptomycins medicaments market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Chile

In 2022, overseas shipments of medicaments of penicillins, streptomycins or derivatives thereof were finally on the rise to reach X tons after four years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments exports soared to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X tons) was the main destination for penicillins or streptomycins medicaments exports from Chile, with a 60% share of total exports. Moreover, penicillins or streptomycins medicaments exports to Ecuador exceeded the volume sent to the second major destination, Paraguay (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+11.4% per year) and Bolivia (-5.0% per year).

In value terms, Ecuador ($X) remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Chile, comprising 54% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Ecuador amounted to +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+8.4% per year) and Bolivia (-1.8% per year).

Export Prices by Country

In 2022, the average penicillins or streptomycins medicaments export price amounted to $X per ton, shrinking by -7.1% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 18%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Paraguay ($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 Bolivia (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Chile

After two years of decline, overseas purchases of medicaments of penicillins, streptomycins or derivatives thereof increased by 52% to X tons in 2022. In general, imports posted measured growth. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments imports rose notably to $X in 2022. Over the period under review, imports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 28%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of penicillins or streptomycins medicaments to Chile, with a 46% share of total imports. Moreover, penicillins or streptomycins medicaments imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Colombia (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.6% per year) and Colombia (+1.5% per year).

In value terms, India ($X) constituted the largest supplier of medicaments of penicillins, streptomycins or derivatives thereof to Chile, comprising 39% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by Colombia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from India amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.0% per year) and Colombia (-7.2% per year).

Import Prices by Country

In 2022, the average penicillins or streptomycins medicaments import price amounted to $X per ton, declining by -30.6% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 an increase of 37% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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