Greece: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Greece

In 2021, the Greek medicaments containing penicillin market increased by 4.3% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, 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 Greece

In value terms, medicaments containing penicillin production expanded to $X in 2021 estimated in export price. Over the period under review, production posted strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 162%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Medicaments Containing Penicillin Exports

Exports from Greece

In 2021, medicaments containing penicillin exports from Greece soared to X kg, with an increase of 31% against the previous year. In general, exports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 151%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, medicaments containing penicillin exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a precipitous decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X kg), Marshall Islands (X kg) and China (X kg) were the main destinations of medicaments containing penicillin exports from Greece, with a combined 45% share of total exports. These countries were followed by Liberia, Panama, Togo, Malta, Japan, the United States, Turkey, South Korea, Brazil and Sri Lanka, which together accounted for a further 50%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +257.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) emerged as the key foreign market for medicaments containing penicillins or derivatives thereof exports from Greece, comprising 23% of total exports. The second position in the ranking was held by Liberia ($X), with a 10% share of total exports. It was followed by China, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore stood at +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Liberia (+47.6% per year) and China (-0.1% per year).

Export Prices by Country

The average medicaments containing penicillin export price stood at $X per ton in 2021, falling by -3.8% against the previous year. In general, the export price recorded a sharp decline. The most prominent rate of growth was recorded in 2019 an increase of 46%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Togo ($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 Brazil (+36.4%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Penicillin Imports

Imports into Greece

In 2021, the amount of medicaments containing penicillins or derivatives thereof imported into Greece fell significantly to X kg, waning by -96.9% on the previous year. In general, imports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 98% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, medicaments containing penicillin imports contracted rapidly to $X in 2021. Over the period under review, imports recorded a sharp reduction. The most prominent rate of growth was recorded in 2017 with an increase of 71% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Hungary (X kg) constituted the largest medicaments containing penicillin supplier to Greece, accounting for a 70% share of total imports. Moreover, medicaments containing penicillin imports from Hungary exceeded the figures recorded by the second-largest supplier, Germany (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary was relatively modest.

In value terms, the largest medicaments containing penicillin suppliers to Greece were Germany ($X) and Hungary ($X).

Hungary, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average medicaments containing penicillin import price stood at $X per ton in 2021, waning by -51.4% against the previous year. Over the period under review, the import price showed a slight slump. The growth pace was the most rapid in 2018 an increase of 167% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Hungary totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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