Finland: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Finland

The Finnish medicaments containing penicillin market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption recorded prominent growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Medicaments Containing Penicillin Production in Finland

In value terms, medicaments containing penicillin production rose notably to $X in 2021 estimated in export price. In general, production saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 261%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Medicaments Containing Penicillin Exports

Exports from Finland

In 2019, overseas shipments of medicaments containing penicillins or derivatives thereof decreased by -0.7% to X kg, falling for the second consecutive year after three years of growth. In general, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2015 with an increase of 1,150%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, medicaments containing penicillin exports declined modestly to $X in 2019. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 1,639% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X kg) was the main destination for medicaments containing penicillin exports from Finland, accounting for a 79% share of total exports. Moreover, medicaments containing penicillin exports to Italy exceeded the volume sent to the second major destination, the Netherlands (X kg), fourfold.

From 2012 to 2019, the average annual growth rate of volume to Italy was relatively modest.

In value terms, Italy ($X) emerged as the key foreign market for medicaments containing penicillins or derivatives thereof exports from Finland, comprising 86% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to Italy was relatively modest.

Export Prices by Country

The average medicaments containing penicillin export price stood at $X per ton in 2019, waning by -2% against the previous year. In general, export price indicated temperate growth from 2012 to 2019: its price increased at an average annual rate of +3.9% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, medicaments containing penicillin export price decreased by -2.7% against 2017 indices. The growth pace was the most rapid in 2014 an increase of 60% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2019, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+6.0%).

Medicaments Containing Penicillin Imports

Imports into Finland

In 2021, medicaments containing penicillin imports into Finland declined remarkably to X kg, with a decrease of -75.1% compared with the previous year's figure. In general, imports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 75% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, medicaments containing penicillin imports fell notably to $X in 2021. Overall, imports showed a sharp downturn. The pace of growth was the most pronounced in 2013 with an increase of 50% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X kg) was the main medicaments containing penicillin supplier to Finland, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +5.2%.

In value terms, Germany ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Finland.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -12.6%.

Import Prices by Country

The average medicaments containing penicillin import price stood at $X per ton in 2021, surging by 6.4% against the previous year. Overall, the import price, however, faced a abrupt decline. The pace of growth was the most pronounced in 2013 when the average import price increased by 55%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to -17.0% per year.

Source: IndexBox Platform

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