Italy: Antibiotic Market 2024

Antibiotic Market Size in Italy

In 2021, the Italian antibiotic market decreased by -33.2% to $X, falling for the second year in a row after two years of growth. Overall, consumption recorded a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Antibiotic Production in Italy

In value terms, antibiotic production contracted sharply to $X in 2021 estimated in export price. In general, production continues to indicate a mild contraction. The growth pace was the most rapid in 2015 when the production volume increased by 15% against the previous year. Antibiotic production peaked at $X in 2020, and then dropped sharply in the following year.

Antibiotic Exports

Exports from Italy

Antibiotic exports from Italy contracted notably to X tons in 2021, falling by -19.2% against the previous year. Over the period under review, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 14%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, antibiotic exports totaled $X in 2021. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 21%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for antibiotic exports from Italy, accounting for a 56% share of total exports. Moreover, antibiotic exports to the Netherlands exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by Portugal (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands totaled +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-6.8% per year) and Portugal (+7.5% per year).

In value terms, the largest markets for antibiotic exported from Italy were Belgium ($X), Switzerland ($X) and the United States ($X), together accounting for 38% of total exports.

Belgium, with a CAGR of +22.5%, saw the highest rates of growth with regard to the value of exports, among 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 2021, the average antibiotic export price amounted to $X per ton, with an increase of 25% against the previous year. Overall, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 27%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Antibiotic Imports

Imports into Italy

Antibiotic imports into Italy shrank to X tons in 2021, which is down by -6.5% on the previous year's figure. Over the period under review, imports saw a perceptible descent. The pace of growth appeared the most rapid in 2013 with an increase of 17%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, antibiotic imports dropped dramatically to $X in 2021. Overall, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 16% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Switzerland (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of antibiotic imports to Italy, together accounting for 73% of total imports. These countries were followed by Germany, Belgium, Spain, France, the United States, Austria and the UK, which together accounted for a further 44%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +13.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Switzerland ($X) and China ($X) appeared to be the largest antibiotic suppliers to Italy, with a combined 70% share of total imports. These countries were followed by Spain, the Netherlands, Germany, France, the United States, Austria and the UK, which together accounted for a further 14%.

Germany, with a CAGR of +6.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average antibiotic import price stood at $X per ton in 2021, falling by -26.5% against the previous year. In general, the import price saw a pronounced curtailment. The growth pace was the most rapid in 2018 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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