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

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

In 2022, the Estonian penicillins or streptomycins medicaments market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. In general, consumption recorded a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Estonia

In value terms, penicillins or streptomycins medicaments production reached $X in 2022 estimated in export price. Overall, production recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 80% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Estonia

After eight years of growth, overseas shipments of medicaments of penicillins, streptomycins or derivatives thereof decreased by -40.5% to X tons in 2022. Overall, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of 38% against the previous year. The exports peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, penicillins or streptomycins medicaments exports dropped rapidly to $X in 2022. Over the period under review, exports, however, showed strong growth. The growth pace was the most rapid in 2014 when exports increased by 31% against the previous year. The exports peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for penicillins or streptomycins medicaments exports from Estonia, accounting for a 92% share of total exports. Moreover, penicillins or streptomycins medicaments exports to the Netherlands exceeded the volume sent to the second major destination, Belarus (X tons), more than tenfold. Iran (X tons) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+2.6% per year) and Iran (+12.4% per year).

In value terms, the Netherlands ($X) remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Estonia, comprising 86% of total exports. The second position in the ranking was taken by Belarus ($X), with a 4.5% share of total exports. It was followed by Lithuania, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-0.4% per year) and Lithuania (-10.0% per year).

Export Prices by Country

In 2022, the average penicillins or streptomycins medicaments export price amounted to $X per ton, increasing by 7.7% against the previous year. Overall, the export price, however, recorded a mild downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 10% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to the Netherlands ($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 Russia (+3.9%), 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 Estonia

In 2022, approx. X tons of medicaments of penicillins, streptomycins or derivatives thereof were imported into Estonia; shrinking by -22.7% compared with the previous year. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 47%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments imports fell slightly to $X in 2022. Over the period under review, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 13% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

France (X tons), Lithuania (X tons) and the Netherlands (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Estonia, with a combined 68% share of total imports. Ireland, Austria, Slovenia, the UK, Italy, Switzerland, Cyprus, Belgium and Spain lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cyprus (with a CAGR of +11.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Cyprus ($X) and Slovenia ($X) constituted the largest penicillins or streptomycins medicaments suppliers to Estonia, with a combined 59% share of total imports.

Cyprus, with a CAGR of +35.7%, saw 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, growing by 29% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, penicillins or streptomycins medicaments import price increased by +21.5% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 67% 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.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cyprus (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform