Ecuador: Antibiotic Market 2024

Antibiotic Market Size in Ecuador

The Ecuadorian antibiotic market shrank dramatically to $X in 2021, waning by -48% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Antibiotic Exports

Exports from Ecuador

In 2021, overseas shipments of antibiotics increased by 44% to X tons, rising for the second year in a row after five years of decline. In general, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 122%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, antibiotic exports declined remarkably to $X in 2021. Overall, exports, however, recorded a significant contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 43%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for antibiotic exports from Ecuador, accounting for a 107% share of total exports. Moreover, antibiotic exports to Brazil exceeded the volume sent to the second major destination, Colombia (X kg), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+54.6% per year) and Mexico (+98.3% per year).

In value terms, Brazil ($X) emerged as the key foreign market for antibiotics exports from Ecuador, comprising 451% of total exports. The second position in the ranking was taken by Colombia ($X), with a 220% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+26.3% per year) and Mexico (+194.0% per year).

Export Prices by Country

In 2021, the average antibiotic export price amounted to $X per ton, dropping by -58.7% against the previous year. In general, the export price faced a sharp shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 33%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Brazil ($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 Mexico (+46.9%), while the prices for the other major destinations experienced more modest paces of growth.

Antibiotic Imports

Imports into Ecuador

Antibiotic imports into Ecuador declined remarkably to X tons in 2021, which is down by -37.1% on the previous year. In general, imports showed a deep downturn. The growth pace was the most rapid in 2013 when imports increased by 41%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, antibiotic imports declined remarkably to $X in 2021. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 37% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main antibiotic supplier to Ecuador, accounting for a 218% share of total imports. Moreover, antibiotic imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The third position in this ranking was taken by India (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+8.4% per year) and India (+3.9% per year).

In value terms, China ($X) constituted the largest supplier of antibiotics to Ecuador, comprising 136% of total imports. The second position in the ranking was taken by India ($X), with a 21% share of total imports. It was followed by Mexico, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.5% per year) and Mexico (+21.1% per year).

Import Prices by Country

The average antibiotic import price stood at $X per ton in 2021, dropping by -22.4% against the previous year. In general, the import price recorded a mild reduction. The growth pace was the most rapid in 2019 when the average import price increased by 58%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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