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

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

In 2022, the Indian penicillins or streptomycins medicaments market decreased by -18.1% to $X, falling for the third consecutive year after five years of growth. Overall, consumption, however, posted measured growth. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

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

In value terms, penicillins or streptomycins medicaments production stood at $X in 2022 estimated in export price. Overall, production recorded a resilient increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 188%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from India

In 2022, overseas shipments of medicaments of penicillins, streptomycins or derivatives thereof increased by 22% to X tons, rising for the third consecutive year after five years of decline. In general, exports enjoyed a temperate increase. The most prominent rate of growth was recorded in 2013 with an increase of 57% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments exports surged to $X in 2022. Overall, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.8% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 77% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Nigeria (X tons) and France (X tons) were the main destinations of penicillins or streptomycins medicaments exports from India, with a combined 26% share of total exports. Myanmar, Ethiopia, South Africa, Iraq, the UK, Kenya, Turkey, Brazil, Tanzania and Australia lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +105.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from India, comprising 26% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 5.8% share of total exports. It was followed by France, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+6.5% per year) and France (+14.7% per year).

Export Prices by Country

In 2022, the average penicillins or streptomycins medicaments export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price saw a temperate increase. The most prominent rate of growth was recorded in 2017 an increase of 32%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Myanmar ($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 Tanzania (+8.9%), 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 India

In 2022, purchases abroad of medicaments of penicillins, streptomycins or derivatives thereof increased by 63% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, continue to indicate a deep setback. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments imports surged to $X in 2022. Over the period under review, imports, however, showed a dramatic slump. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of penicillins or streptomycins medicaments to India, with a 56% share of total imports. Moreover, penicillins or streptomycins medicaments imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. The third position in this ranking was held by France (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+54.3% per year) and France (+61.9% per year).

In value terms, the largest penicillins or streptomycins medicaments suppliers to India were China ($X), the United States ($X) and France ($X), with a combined 61% share of total imports.

France, with a CAGR of +42.6%, 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 kg, falling by -18.6% against the previous year. Over the period under review, the import price continues to indicate a sharp setback. The most prominent rate of growth was recorded in 2013 an increase of 116%. As a result, import price reached the peak level of $X per kg. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per kg), while the price for the Philippines ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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