MERCOSUR: Antibiotic Market 2024

Antibiotic Market Size in MERCOSUR

The MERCOSUR antibiotic market rose modestly to $X in 2021, picking up by 1.7% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Antibiotic Production in MERCOSUR

In value terms, antibiotic production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 9.3%. The level of production peaked at $X in 2020, and then reduced in the following year.

Antibiotic Exports

Exports in MERCOSUR

In 2021, shipments abroad of antibiotics decreased by -2% to X tons, falling for the fourth year in a row after two years of growth. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of 12%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, antibiotic exports surged to $X in 2021. Over the period under review, exports continue to indicate a mild descent. The pace of growth was the most pronounced in 2016 when exports increased by 24%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Brazil (X tons) was the main exporter of antibiotics, generating 80% of total exports. It was distantly followed by Uruguay (X tons), generating an 11% share of total exports. Colombia (X tons), Peru (X tons) and Ecuador (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to antibiotic exports from Brazil stood at -12.2%. At the same time, Uruguay (+20.4%) and Peru (+9.9%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +20.4% from 2012-2021. By contrast, Colombia (-6.1%) and Ecuador (-7.6%) illustrated a downward trend over the same period. While the share of Uruguay (+9.8 p.p.) and Peru (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-14.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest antibiotic supplier in MERCOSUR, comprising 94% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 1.4% share of total exports. It was followed by Colombia, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil stood at -1.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Uruguay (+23.9% per year) and Colombia (-8.2% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, jumping by 26% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The growth pace was the most rapid in 2014 an increase of 72% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+12.6%), while the other leaders experienced mixed trends in the export price figures.

Antibiotic Imports

Imports in MERCOSUR

In 2021, overseas purchases of antibiotics increased by 7.3% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 30%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, antibiotic imports reached $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Brazil prevails in imports structure, finishing at X tons, which was near 64% of total imports in 2021. Colombia (X tons) took the second position in the ranking, followed by Argentina (X tons), Peru (X tons) and Chile (X tons). All these countries together held approx. 32% share of total imports.

Imports into Brazil increased at an average annual rate of +1.1% from 2012 to 2021. At the same time, Peru (+6.6%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +6.6% from 2012-2021. Colombia and Chile experienced a relatively flat trend pattern. By contrast, Argentina (-3.0%) illustrated a downward trend over the same period. Brazil (+8.6 p.p.) and Peru (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while Argentina saw its share reduced by -2.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported antibiotics in MERCOSUR, comprising 60% of total imports. The second position in the ranking was taken by Colombia ($X), with a 13% share of total imports. It was followed by Argentina, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil stood at +4.2%. In the other countries, the average annual rates were as follows: Colombia (+4.1% per year) and Argentina (-0.7% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, waning by -5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2019 when the import price increased by 18% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform