Eastern Europe: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Eastern Europe

After two years of decline, the East European medicaments containing penicillin market increased by 15% to $X in 2021. In general, consumption saw a prominent expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Medicaments Containing Penicillin Production in Eastern Europe

In value terms, medicaments containing penicillin production expanded sharply to $X in 2021 estimated in export price. Overall, production saw a buoyant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 110% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Medicaments Containing Penicillin Exports

Exports in Eastern Europe

In 2021, after three years of growth, there was significant decline in shipments abroad of medicaments containing penicillins or derivatives thereof, when their volume decreased by -6% to X tons. In general, exports, however, posted strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 152% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, medicaments containing penicillin exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2019 when exports increased by 176% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia was the major exporter of medicaments containing penicillins or derivatives thereof in Eastern Europe, with the volume of exports amounting to X tons, which was near 72% of total exports in 2021. Belarus (X tons) took the second position in the ranking, distantly followed by Ukraine (X tons). All these countries together held approx. 23% share of total exports. The following exporters - Poland (X kg) and Bulgaria (X kg) - each reached a 3.6% share of total exports.

Exports from Russia increased at an average annual rate of +38.4% from 2012 to 2021. At the same time, Belarus (+47.6%) and Ukraine (+9.7%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +47.6% from 2012-2021. By contrast, Bulgaria (-7.0%) and Poland (-14.3%) illustrated a downward trend over the same period. While the share of Russia (+66 p.p.), Belarus (+15 p.p.) and Ukraine (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Bulgaria (-3.8 p.p.) and Poland (-10.7 p.p.) displayed negative dynamics.

In value terms, Belarus ($X) remains the largest medicaments containing penicillin supplier in Eastern Europe, comprising 70% of total exports. The second position in the ranking was taken by Bulgaria ($X), with an 18% share of total exports. It was followed by Russia, with an 8% share.

In Belarus, medicaments containing penicillin exports expanded at an average annual rate of +75.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bulgaria (+25.3% per year) and Russia (+16.7% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, surging by 23% against the previous year. Over the period under review, the export price posted resilient growth. The pace of growth appeared the most rapid in 2017 when the export price increased by 173% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+34.8%), while the other leaders experienced mixed trends in the export price figures.

Medicaments Containing Penicillin Imports

Imports in Eastern Europe

Medicaments containing penicillin imports reduced to X tons in 2021, waning by -3.9% on 2020. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 65%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, medicaments containing penicillin imports stood at $X in 2021. Over the period under review, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 82%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Romania represented the main importer of medicaments containing penicillins or derivatives thereof in Eastern Europe, with the volume of imports finishing at X tons, which was approx. 60% of total imports in 2021. Poland (X tons) ranks second in terms of the total imports with an 11% share, followed by Russia (9.8%), Hungary (7.4%) and Ukraine (7.2%). The following importers - Bulgaria (X tons) and the Czech Republic (X tons) - each amounted to a 3.7% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to medicaments containing penicillin imports into Romania stood at +55.9%. At the same time, Bulgaria (+101.9%), Ukraine (+10.4%) and the Czech Republic (+2.6%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +101.9% from 2012-2021. By contrast, Russia (-2.3%), Poland (-11.7%) and Hungary (-16.0%) illustrated a downward trend over the same period. While the share of Romania (+59 p.p.), Ukraine (+4.1 p.p.) and Bulgaria (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-2.8 p.p.), Poland (-24 p.p.) and Hungary (-29.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Romania ($X) constitutes the largest market for imported medicaments containing penicillins or derivatives thereof in Eastern Europe, comprising 63% of total imports. The second position in the ranking was taken by Russia ($X), with a 14% share of total imports. It was followed by Poland, with a 9.4% share.

In Romania, medicaments containing penicillin imports increased at an average annual rate of +33.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Russia (+6.3% per year) and Poland (-8.6% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, surging by 5% against the previous year. Import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medicaments containing penicillin import price increased by +48.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by 63%. The level of import peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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