Denmark: Antibiotic Market 2024

Antibiotic Market Size in Denmark

In 2021, the Danish antibiotic market increased by 41% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +114.5% against 2019 indices. Antibiotic consumption peaked in 2021 and is likely to see gradual growth in the near future.

Antibiotic Production in Denmark

In value terms, antibiotic production declined modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.7% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Antibiotic Exports

Exports from Denmark

Antibiotic exports from Denmark reduced modestly to X tons in 2021, with a decrease of -3.4% compared with the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 211% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, antibiotic exports rose slightly to $X in 2021. The total export value increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 29%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Switzerland (X tons), the United States (X tons) and Greece (X tons) were the main destinations of antibiotic exports from Denmark, together accounting for 50% of total exports. Turkey, Ireland, Egypt, Brazil, France, India and Belgium lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +24.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Greece ($X) and the United States ($X) constituted the largest markets for antibiotic exported from Denmark worldwide, with a combined 59% share of total exports.

In terms of the main countries of destination, Greece, with a CAGR of +22.9%, recorded the highest growth rate of 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 antibiotic export price stood at $X per ton in 2021, with an increase of 6.6% against the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, antibiotic export price increased by +199.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 181% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Switzerland ($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 Egypt (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Antibiotic Imports

Imports into Denmark

Antibiotic imports into Denmark shrank sharply to X tons in 2021, declining by -15.5% on the year before. Overall, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by 73% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, antibiotic imports fell remarkably to $X in 2021. Over the period under review, imports, however, saw moderate growth. The most prominent rate of growth was recorded in 2016 when imports increased by 63% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the Netherlands (X tons) and Switzerland (X tons) were the main suppliers of antibiotic imports to Denmark, together accounting for 90% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +33.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of antibiotics to Denmark, comprising 61% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 25% share of total imports. It was followed by the United States, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +40.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+7.1% per year) and the United States (-10.0% per year).

Import Prices by Country

In 2021, the average antibiotic import price amounted to $X per ton, waning by -7.2% against the previous year. Over the period under review, the import price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 108% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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