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

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

The Greek penicillins or streptomycins medicaments market expanded to $X in 2022, growing by 1.5% against the previous year. Over the period under review, consumption, however, saw a perceptible contraction. Penicillins or streptomycins medicaments consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, penicillins or streptomycins medicaments production dropped slightly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 15% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Greece

In 2022, shipments abroad of medicaments of penicillins, streptomycins or derivatives thereof increased by 98% to X tons, rising for the second consecutive year after six years of decline. Overall, exports continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 609% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments exports surged to $X in 2022. In general, exports, however, continue to indicate a dramatic setback. The pace of growth was the most pronounced in 2014 when exports increased by 60%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X tons), Russia (X tons) and Germany (X tons) were the main destinations of penicillins or streptomycins medicaments exports from Greece, with a combined 97% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +42.6%), while the other leaders experienced mixed trend patterns.

In value terms, Cyprus ($X) remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Greece, comprising 56% of total exports. The second position in the ranking was held by Germany ($X), with a 27% share of total exports. It was followed by Russia, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to Cyprus amounted to +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-23.3% per year) and Russia (+27.9% per year).

Export Prices by Country

In 2022, the average penicillins or streptomycins medicaments export price amounted to $X per ton, reducing by -35.8% against the previous year. In general, the export price saw a significant contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 131%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Russia ($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 Vietnam (+8.5%), while the prices for the other major destinations experienced a decline.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Greece

In 2022, approx. X tons of medicaments of penicillins, streptomycins or derivatives thereof were imported into Greece; with an increase of 18% on 2021 figures. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 30%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, penicillins or streptomycins medicaments imports stood at $X in 2022. Overall, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 14% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Greece, with a combined 86% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +785.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of medicaments of penicillins, streptomycins or derivatives thereof to Greece, comprising 71% of total imports. The second position in the ranking was held by Sweden ($X), with a 12% share of total imports. It was followed by Germany, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+306.8% per year) and Germany (+21.9% per year).

Import Prices by Country

In 2022, the average penicillins or streptomycins medicaments import price amounted to $X per ton, dropping by -11.8% against the previous year. In general, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 when the average import price increased by 15%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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