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

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

The Iranian penicillins or streptomycins medicaments market totaled $X in 2022, picking up by 4.1% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

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

In value terms, penicillins or streptomycins medicaments production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 35% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Iran

In 2022, the amount of medicaments of penicillins, streptomycins or derivatives thereof exported from Iran fell notably to X tons, waning by -44.1% compared with the previous year. Over the period under review, exports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2017 when exports increased by 339%. The exports peaked 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 fell remarkably to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 298%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Uzbekistan (X tons) was the main destination for penicillins or streptomycins medicaments exports from Iran, accounting for a 82% share of total exports. Moreover, penicillins or streptomycins medicaments exports to Uzbekistan exceeded the volume sent to the second major destination, Egypt (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uzbekistan totaled -20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (0.0% per year) and New Zealand (-5.9% per year).

In value terms, the largest markets for penicillins or streptomycins medicaments exported from Iran were Uzbekistan ($X), Egypt ($X) and New Zealand ($X).

Among the main countries of destination, New Zealand, with a CAGR of +31.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, jumping by 23% against the previous year. In general, the export price posted slight growth. The growth pace was the most rapid in 2015 when the average export price increased by 106% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Uzbekistan ($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 New Zealand (+39.3%), 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 Iran

In 2022, purchases abroad of medicaments of penicillins, streptomycins or derivatives thereof increased by 28% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a pronounced decrease. The growth pace was the most rapid in 2019 with an increase of 272%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments imports soared to $X in 2022. In general, imports recorded temperate growth. The pace of growth appeared the most rapid in 2019 with an increase of 198% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest penicillins or streptomycins medicaments supplier to Iran, with a 32% share of total imports. Moreover, penicillins or streptomycins medicaments imports from India exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by China (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+7.5% per year) and China (-17.7% per year).

In value terms, the largest penicillins or streptomycins medicaments suppliers to Iran were Spain ($X), Belgium ($X) and India ($X), together comprising 40% of total imports. Estonia, China and Hungary lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, Hungary, with a CAGR of +222.2%, saw the highest growth rate of the value of imports, 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, jumping by 16% against the previous year. Overall, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 63%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+66.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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