Luxembourg: Medicaments Containing Penicillin Market 2025

Medicaments Containing Penicillin Market Size in Luxembourg

In 2021, the Luxembourg medicaments containing penicillin market decreased by -33.8% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption showed a perceptible contraction. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Medicaments Containing Penicillin Exports

Exports from Luxembourg

In 2020, overseas shipments of medicaments containing penicillins or derivatives thereof decreased by -90.6% to X kg for the first time since 2017, thus ending a two-year rising trend. In general, exports faced a sharp downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 96% against the previous year. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, medicaments containing penicillin exports contracted dramatically to $X in 2020. Over the period under review, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 241% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

Exports by Country

Belgium (X kg) was the main destination for medicaments containing penicillin exports from Luxembourg, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Belgium stood at -29.1%.

In value terms, Belgium ($X) also remains the key foreign market for medicaments containing penicillins or derivatives thereof exports from Luxembourg.

From 2012 to 2020, the average annual growth rate of value to Belgium totaled -26.2%.

Export Prices by Country

The average medicaments containing penicillin export price stood at $X per ton in 2020, rising by 37% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2020: its price increased at an average annual rate of +3.7% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, medicaments containing penicillin export price increased by +141.8% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 76% against the previous year. Over the period under review, the average export prices hit record highs in 2020 and is expected to retain growth in the immediate term.

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

From 2012 to 2020, the rate of growth in terms of prices for Belgium amounted to +4.0% per year.

Medicaments Containing Penicillin Imports

Imports into Luxembourg

In 2021, purchases abroad of medicaments containing penicillins or derivatives thereof decreased by -48.5% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 95%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, medicaments containing penicillin imports fell to $X in 2021. In general, imports saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 37%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of medicaments containing penicillin to Luxembourg, with a 89% share of total imports. Moreover, medicaments containing penicillin imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X kg), eightfold.

From 2012 to 2021, the average annual growth rate of volume from Belgium was relatively modest.

In value terms, Belgium ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Luxembourg, comprising 96% of total imports. The second position in the ranking was taken by Germany ($X), with a 3.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium stood at -2.8%.

Import Prices by Country

In 2021, the average medicaments containing penicillin import price amounted to $X per ton, growing by 65% against the previous year. Overall, the import price posted a slight increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.1%).

Source: IndexBox Platform

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