Ecuador: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Ecuador

In 2021, the Ecuadorian medicaments containing penicillin market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption saw a strong 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 Ecuador

In value terms, medicaments containing penicillin production expanded markedly to $X in 2021 estimated in export price. In general, production posted a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 77% 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 from Ecuador

In 2021, shipments abroad of medicaments containing penicillins or derivatives thereof increased by 20% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 277%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, medicaments containing penicillin exports expanded modestly to $X in 2021. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 657%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sudan (X tons) was the main destination for medicaments containing penicillin exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sudan stood at +10.4%.

In value terms, Sudan ($X) also remains the key foreign market for medicaments containing penicillins or derivatives thereof exports from Ecuador.

From 2012 to 2021, the average annual rate of growth in terms of value to Sudan amounted to +12.6%.

Export Prices by Country

In 2021, the average medicaments containing penicillin export price amounted to $X per ton, reducing by -13.2% against the previous year. In general, the export price, however, posted a modest expansion. The pace of growth appeared the most rapid in 2015 an increase of 101%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Sudan.

From 2012 to 2021, the rate of growth in terms of prices for Sudan amounted to +2.1% per year.

Medicaments Containing Penicillin Imports

Imports into Ecuador

After four years of growth, overseas purchases of medicaments containing penicillins or derivatives thereof decreased by -7.8% to X tons in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 62%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, medicaments containing penicillin imports reduced rapidly to $X in 2021. In general, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2013 with an increase of 35% against the previous year. Imports peaked at $X in 2020, and then contracted sharply in the following year.

Imports by Country

China (X tons), Spain (X tons) and India (X tons) were the main suppliers of medicaments containing penicillin imports to Ecuador, with a combined 86% share of total imports. These countries were followed by the United States, Austria and Belgium, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +82.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Ecuador, comprising 77% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.4% share of total imports. It was followed by Spain, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+76.4% per year) and Spain (+69.5% per year).

Import Prices by Country

In 2021, the average medicaments containing penicillin import price amounted to $X per ton, falling by -13% against the previous year. Over the period under review, the import price, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 65%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :