Guatemala: Market for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof 2025

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

The Guatemalan penicillins or streptomycins medicaments market expanded significantly to $X in 2022, growing by 6.8% against the previous year. The market value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Penicillins or streptomycins medicaments consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, penicillins or streptomycins medicaments production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 24% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Guatemala

In 2022, shipments abroad of medicaments of penicillins, streptomycins or derivatives thereof increased by 5.9% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 28%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments exports totaled $X in 2022. Overall, exports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Nicaragua (X tons), Honduras (X tons) and Panama (X tons) were the main destinations of penicillins or streptomycins medicaments exports from Guatemala, together accounting for 85% of total exports.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of +9.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Honduras ($X), Nicaragua ($X) and Panama ($X) appeared to be the largest markets for penicillins or streptomycins medicaments exported from Guatemala worldwide, with a combined 81% share of total exports.

Panama, with a CAGR of +6.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average penicillins or streptomycins medicaments export price amounted to $X per ton, standing approx. at the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 28%. The export price peaked at $X per ton in 2015; however, from 2016 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 Costa Rica ($X per ton), while the average price for exports to Ecuador ($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 El Salvador (+2.2%), while the prices for the other major destinations experienced a decline.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Guatemala

In 2022, penicillins or streptomycins medicaments imports into Guatemala skyrocketed to X tons, picking up by 47% against the previous year's figure. Overall, imports saw a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of 67%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments imports soared to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 30% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Mexico (X tons), India (X tons) and Colombia (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Guatemala, together comprising 63% of total imports. Paraguay, Turkey, El Salvador, the United States and Panama lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +158.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), India ($X) and Mexico ($X) appeared to be the largest penicillins or streptomycins medicaments suppliers to Guatemala, with a combined 56% share of total imports. Turkey, El Salvador, Paraguay, the United States and Panama lagged somewhat behind, together accounting for a further 25%.

Turkey, with a CAGR of +158.0%, saw the highest growth rate of the value of imports, in terms of 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, shrinking by -21.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 55% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then shrank significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform