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

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

The Iraqi penicillins or streptomycins medicaments market rose markedly to $X in 2022, growing by 9.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -13.0% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Iraq

For the third year in a row, Iraq recorded growth in overseas shipments of medicaments of penicillins, streptomycins or derivatives thereof, which increased by 17% to X kg in 2021. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, penicillins or streptomycins medicaments exports soared to $X in 2021. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X kg) was the main destination for penicillins or streptomycins medicaments exports from Iraq, accounting for a approx. 100% share of total exports.

From 2014 to 2021, the average annual growth rate of volume to India was relatively modest.

In value terms, India ($X) emerged as the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Iraq.

From 2014 to 2021, the average annual rate of growth in terms of value to India was relatively modest.

Export Prices by Country

In 2021, the average penicillins or streptomycins medicaments export price amounted to $X per ton, increasing by 3.6% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2014 to 2021, the rate of growth in terms of prices for Belarus amounted to 0.0% per year.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Iraq

Penicillins or streptomycins medicaments imports into Iraq was estimated at X tons in 2022, growing by 3.4% on 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 29%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments imports rose rapidly to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest penicillins or streptomycins medicaments supplier to Iraq, accounting for a 57% share of total imports. Moreover, penicillins or streptomycins medicaments imports from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), sixfold. The third position in this ranking was taken by China (X tons), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+69.5% per year) and China (-1.8% per year).

In value terms, the largest penicillins or streptomycins medicaments suppliers to Iraq were India ($X), the United Arab Emirates ($X) and Canada ($X), with a combined 62% share of total imports.

The United Arab Emirates, with a CAGR of +68.4%, saw the highest growth rate of 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 ton, picking up by 9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2015 when the average import price increased by 35%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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