Iran: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Iran

In 2021, the Iranian medicaments containing penicillin market increased by 12% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed prominent growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Medicaments Containing Penicillin Production in Iran

In value terms, medicaments containing penicillin production amounted to $X in 2021 estimated in export price. Overall, production showed a remarkable increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 82% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Medicaments Containing Penicillin Exports

Exports from Iran

In 2021, approx. X tons of medicaments containing penicillins or derivatives thereof were exported from Iran; with a decrease of -65.6% compared with the previous year. Overall, exports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2016 with an increase of 1,864% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, medicaments containing penicillin exports totaled $X in 2021. In general, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 401% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Afghanistan (X tons) was the main destination for medicaments containing penicillin exports from Iran, with a 96% share of total exports. Moreover, medicaments containing penicillin exports to Afghanistan exceeded the volume sent to the second major destination, Spain (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Afghanistan stood at -2.9%.

In value terms, Spain ($X) emerged as the key foreign market for medicaments containing penicillins or derivatives thereof exports from Iran, comprising 74% of total exports. The second position in the ranking was held by Afghanistan ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Spain was relatively modest.

Export Prices by Country

The average medicaments containing penicillin export price stood at $X per ton in 2021, jumping by 206% against the previous year. In general, the export price recorded significant growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 385%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Afghanistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+5.5%).

Medicaments Containing Penicillin Imports

Imports into Iran

For the fifth consecutive year, Iran recorded decline in supplies from abroad of medicaments containing penicillins or derivatives thereof, which decreased by -35.8% to X tons in 2021. Over the period under review, imports saw a significant curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 398%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, medicaments containing penicillin imports declined dramatically to $X in 2021. Overall, imports continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2016 when imports increased by 529%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of medicaments containing penicillin to Iran, accounting for a 73% share of total imports. Moreover, medicaments containing penicillin imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Germany (X kg), sevenfold. The third position in this ranking was taken by France (X kg), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at -9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-31.0% per year) and France (-23.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Iran, comprising 78% of total imports. The second position in the ranking was held by Germany ($X), with an 8.3% share of total imports. It was followed by India, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-34.1% per year) and India (-17.4% per year).

Import Prices by Country

The average medicaments containing penicillin import price stood at $X per ton in 2021, with a decrease of -8.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 93% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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 India ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+33.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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