Colombia: Market for Medicaments Of Other Antibiotics 2022

Market Size for Medicaments Of Other Antibiotics in Colombia

The Colombian medicaments of other antibiotics market dropped slightly to $X in 2021, declining by -X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Medicaments of other antibiotics consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Production of Medicaments Of Other Antibiotics in Colombia

In value terms, medicaments of other antibiotics production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +X% 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 +X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Medicaments Of Other Antibiotics

Exports from Colombia

In 2021, after two years of decline, there was significant growth in shipments abroad of medicaments of other antibiotics, when their volume increased by X% to X tons. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, medicaments of other antibiotics exports rose notably to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ecuador (X tons), Peru (X tons) and Chile (X tons) were the main destinations of medicaments of other antibiotics exports from Colombia, with a combined X% share of total exports. These countries were followed by Panama, Costa Rica, Guatemala, Mexico and Honduras, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Peru ($X) and Panama ($X) appeared to be the largest markets for medicaments of other antibiotics exported from Colombia worldwide, with a combined X% share of total exports.

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

Export Prices by Country

The average medicaments of other antibiotics export price stood at $X per ton in 2021, reducing by -X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Peru ($X per ton), while the average price for exports to Guatemala ($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 Chile (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Of Other Antibiotics

Imports into Colombia

In 2021, purchases abroad of medicaments of other antibiotics was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, medicaments of other antibiotics imports skyrocketed to $X in 2021. In general, imports, however, saw a slight descent. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest medicaments of other antibiotics supplier to Colombia, with a X% share of total imports. Moreover, medicaments of other antibiotics imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. The third position in this ranking was taken by Peru (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Peru (+X% per year).

In value terms, the largest medicaments of other antibiotics suppliers to Colombia were Italy ($X), China ($X) and India ($X), together comprising X% of total imports.

India, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medicaments of other antibiotics import price stood at $X per ton in 2021, falling by -X% against the previous year. Overall, the import price recorded a noticeable slump. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Brazil (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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