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

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

The Croatian penicillins or streptomycins medicaments market was estimated at $X in 2022, increasing by 13% against the previous year. In general, consumption, however, continues to indicate a pronounced reduction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Croatia

In value terms, penicillins or streptomycins medicaments production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 3.1% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Croatia

In 2022, overseas shipments of medicaments of penicillins, streptomycins or derivatives thereof decreased by -33% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments exports dropped remarkably to $X in 2022. Over the period under review, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 65%. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

Slovenia (X tons) was the main destination for penicillins or streptomycins medicaments exports from Croatia, accounting for a 64% share of total exports. Moreover, penicillins or streptomycins medicaments exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), twofold. Serbia (X kg) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovenia amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-3.5% per year) and Serbia (-3.7% per year).

In value terms, Slovenia ($X) remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Croatia, comprising 82% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 16% share of total exports. It was followed by Serbia, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value to Slovenia amounted to +22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-6.2% per year) and Serbia (+5.3% per year).

Export Prices by Country

In 2022, the average penicillins or streptomycins medicaments export price amounted to $X per ton, with an increase of 24% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +9.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, penicillins or streptomycins medicaments export price increased by +81.6% against 2019 indices. The growth pace was the most rapid in 2013 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to North Macedonia ($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 Belarus (+26.1%), 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 Croatia

In 2022, imports of medicaments of penicillins, streptomycins or derivatives thereof into Croatia reached X tons, increasing by 13% on the previous year's figure. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 24% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments imports totaled $X in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 26%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Slovenia (X tons), Austria (X tons) and Cyprus (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Croatia, with a combined 60% share of total imports. Italy, Malta, Ireland, Germany, the Czech Republic and Spain lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malta (with a CAGR of +1,500.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest penicillins or streptomycins medicaments suppliers to Croatia were Malta ($X), Slovenia ($X) and Italy ($X), together accounting for 62% of total imports.

Malta, with a CAGR of +726.8%, recorded the highest rates of growth with regard to 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

In 2022, the average penicillins or streptomycins medicaments import price amounted to $X per ton, falling by -8.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2019 an increase of 25%. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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