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

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in the Dominican Republic

The Dominican penicillins or streptomycins medicaments market dropped slightly to $X in 2022, waning by -3.3% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Penicillins or streptomycins medicaments consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in the Dominican Republic

In value terms, penicillins or streptomycins medicaments production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 48%. Penicillins or streptomycins medicaments production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from the Dominican Republic

For the fifth consecutive year, the Dominican Republic recorded growth in shipments abroad of medicaments of penicillins, streptomycins or derivatives thereof, which increased by 11% to X tons in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2019 when exports increased by 486%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, penicillins or streptomycins medicaments exports dropped sharply to $X in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 808%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank notably in the following year.

Exports by Country

Haiti (X tons) was the main destination for penicillins or streptomycins medicaments exports from the Dominican Republic, with a 68% share of total exports. Moreover, penicillins or streptomycins medicaments exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Panama (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Haiti amounted to +72.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+46.9% per year) and Panama (+43.4% per year).

In value terms, the largest markets for penicillins or streptomycins medicaments exported from the Dominican Republic were Panama ($X), Haiti ($X) and the United States ($X), together comprising 96% of total exports.

Haiti, with a CAGR of +58.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, falling by -42.8% against the previous year. Overall, the export price, however, saw strong growth. The growth pace was the most rapid in 2018 when the average export price increased by 249%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to the United States ($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 Honduras (+232.0%), 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 the Dominican Republic

In 2022, imports of medicaments of penicillins, streptomycins or derivatives thereof into the Dominican Republic dropped notably to X tons, declining by -24% against the previous year's figure. Over the period under review, imports showed a dramatic curtailment. The growth pace was the most rapid in 2021 when imports increased by 856% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments imports dropped remarkably to $X in 2022. Overall, imports showed a precipitous slump. The pace of growth was the most pronounced in 2021 with an increase of 403% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest penicillins or streptomycins medicaments supplier to the Dominican Republic, with a 63% share of total imports. Moreover, penicillins or streptomycins medicaments imports from France exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +463.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+474.5% per year) and Argentina (+84.2% per year).

In value terms, France ($X) constituted the largest supplier of medicaments of penicillins, streptomycins or derivatives thereof to the Dominican Republic, comprising 52% of total imports. The second position in the ranking was taken by Argentina ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value from France stood at +219.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+95.6% per year) and the UK (+470.0% per year).

Import Prices by Country

In 2022, the average penicillins or streptomycins medicaments import price amounted to $X per ton, shrinking by -4.8% against the previous year. Over the period under review, the import price, however, saw a measured increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 109% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average 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 Argentina ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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