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

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Ecuador

In 2022, the Ecuadorian penicillins or streptomycins medicaments market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption saw pronounced growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Ecuador

In 2022, shipments abroad of medicaments of penicillins, streptomycins or derivatives thereof was finally on the rise to reach X tons after two years of decline. In general, exports, however, showed a noticeable contraction. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments exports soared to $X in 2022. Overall, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 145%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X tons) was the main destination for penicillins or streptomycins medicaments exports from Ecuador, with a 77% share of total exports. Moreover, penicillins or streptomycins medicaments exports to Bolivia exceeded the volume sent to the second major destination, Ukraine (X tons), sixfold. Guatemala (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to Bolivia stood at +48.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (0.0% per year) and Guatemala (+33.8% per year).

In value terms, Bolivia ($X) emerged as the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Ecuador, comprising 68% of total exports. The second position in the ranking was held by Ukraine ($X), with a 15% share of total exports. It was followed by Guatemala, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia amounted to +43.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (0.0% per year) and Guatemala (+37.6% per year).

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, with a decrease of -55.2% against the previous year. Over the period under review, the export price recorded a perceptible contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by 45% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Bolivia ($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 Venezuela (+12.2%), 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 Ecuador

In 2022, overseas purchases of medicaments of penicillins, streptomycins or derivatives thereof were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed noticeable growth. The pace of growth appeared the most rapid in 2017 with an increase of 92%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments imports rose significantly to $X in 2022. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.8% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 81% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Slovenia (X tons), China (X tons) and Chile (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Ecuador, together accounting for 38% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +92.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Chile ($X) and Belgium ($X) were the largest penicillins or streptomycins medicaments suppliers to Ecuador, together accounting for 33% of total imports. Argentina, India, China, France, Spain, Austria and the UK lagged somewhat behind, together comprising a further 31%.

China, with a CAGR of +89.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average penicillins or streptomycins medicaments import price amounted to $X per ton, which is down by -4.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 38% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :