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

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

The Lithuanian penicillins or streptomycins medicaments market declined rapidly to $X in 2022, with a decrease of -24.6% against the previous year. Over the period under review, consumption continues to indicate a abrupt decline. Penicillins or streptomycins medicaments consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, penicillins or streptomycins medicaments production soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a precipitous descent. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Lithuania

Penicillins or streptomycins medicaments exports from Lithuania soared to X tons in 2022, rising by 136% against 2021. Over the period under review, exports continue to indicate a strong expansion. 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 skyrocketed to $X in 2022. In general, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for penicillins or streptomycins medicaments exports from Lithuania, with a 71% share of total exports. Moreover, penicillins or streptomycins medicaments exports to Russia exceeded the volume sent to the second major destination, Latvia (X tons), fourfold. Estonia (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+18.2% per year) and Estonia (+8.8% per year).

In value terms, Russia ($X) remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Lithuania, comprising 50% of total exports. The second position in the ranking was held by Latvia ($X), with a 23% share of total exports. It was followed by Estonia, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+7.9% per year) and Estonia (+7.8% per year).

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, declining by -20.6% against the previous year. Overall, the export price showed a noticeable contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 47%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Russia ($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 Russia (+7.8%), while the prices for the other major destinations experienced a decline.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Lithuania

In 2022, after two years of decline, there was significant growth in supplies from abroad of medicaments of penicillins, streptomycins or derivatives thereof, when their volume increased by 66% to X tons. Overall, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, penicillins or streptomycins medicaments imports soared to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Austria (X tons) and Italy (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Lithuania, with a combined 83% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +66.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest penicillins or streptomycins medicaments suppliers to Lithuania were Spain ($X), Austria ($X) and Germany ($X), with a combined 68% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +61.4%, saw the highest rates of growth with regard to 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

The average penicillins or streptomycins medicaments import price stood at $X per ton in 2022, with a decrease of -8.1% against the previous year. Overall, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 33% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform