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

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

The Costa Rican penicillins or streptomycins medicaments market stood at $X in 2022, leveling off at the previous year. Overall, consumption showed a perceptible increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Costa Rica

In value terms, penicillins or streptomycins medicaments production rose to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient expansion. The growth pace was the most rapid in 2014 when the production volume increased by 34% against the previous year. Penicillins or streptomycins medicaments production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Costa Rica

In 2022, approx. X tons of medicaments of penicillins, streptomycins or derivatives thereof were exported from Costa Rica; jumping by 120% against the previous year. Overall, exports posted a moderate increase. The pace of growth was the most pronounced in 2014 with an increase of 899%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments exports soared to $X in 2022. In general, exports enjoyed a pronounced increase. The pace of growth was the most pronounced in 2014 with an increase of 546% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X tons) was the main destination for penicillins or streptomycins medicaments exports from Costa Rica, with a 82% share of total exports. Moreover, penicillins or streptomycins medicaments exports to Panama exceeded the volume sent to the second major destination, Nicaragua (X kg), more than tenfold. Venezuela (X kg) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama stood at +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (-6.9% per year) and Venezuela (+38.8% per year).

In value terms, Panama ($X) remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Costa Rica, comprising 68% of total exports. The second position in the ranking was held by the United States ($X), with a 9.7% share of total exports. It was followed by Nicaragua, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value to Panama totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+43.4% per year) and Nicaragua (-1.8% per year).

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, picking up by 8.2% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Venezuela ($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 Nicaragua (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Costa Rica

In 2022, overseas purchases of medicaments of penicillins, streptomycins or derivatives thereof decreased by -5.9% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2015 when imports increased by 340% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments imports reduced to $X in 2022. In general, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of 344% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Canada (X tons) and Peru (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Costa Rica, with a combined 57% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +33.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Argentina ($X) and China ($X) were the largest penicillins or streptomycins medicaments suppliers to Costa Rica, together comprising 45% of total imports.

Among the main suppliers, Canada, with a CAGR of +26.3%, saw the highest rates of growth with regard to 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

The average penicillins or streptomycins medicaments import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 32%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average 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 Guatemala ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform