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

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

In 2022, the MERCOSUR penicillins or streptomycins medicaments market increased by less than 0.1% to $X for the first time since 2018, thus ending a three-year declining trend. The market value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, penicillins or streptomycins medicaments production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 35% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports in MERCOSUR

In 2022, exports of medicaments of penicillins, streptomycins or derivatives thereof in MERCOSUR surged to X tons, rising by 46% against 2021 figures. Over the period under review, exports, however, showed a pronounced setback. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt decline. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Colombia (X tons), Argentina (X tons) and Brazil (X tons), together finishing at 77% of total export. It was distantly followed by Chile (X tons) and Peru (X tons), together mixing up a 14% share of total exports. The following exporters - Uruguay (X tons) and Paraguay (X tons) - together made up 6.3% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Brazil (with a CAGR of +17.6%), while the other leaders experienced a decline in the exports figures.

In value terms, Argentina ($X), Colombia ($X) and Brazil ($X) were the countries with the highest levels of exports in 2022, with a combined 78% share of total exports.

Among the main exporting countries, Brazil, with a CAGR of +12.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, shrinking by -2.7% against the previous year. Over the period under review, the export price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2019 when the export price increased by 12%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+1.4%), while the other leaders experienced more modest paces of growth.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports in MERCOSUR

In 2022, overseas purchases of medicaments of penicillins, streptomycins or derivatives thereof were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 23% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments imports amounted to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 18%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Brazil represented the main importing country with an import of around X tons, which accounted for 37% of total imports. Peru (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Chile (14%), Ecuador (13%) and Colombia (11%). Venezuela (X tons), Argentina (X tons) and Paraguay (X tons) took a minor share of total imports.

Imports into Brazil increased at an average annual rate of +1.6% from 2012 to 2022. At the same time, Colombia (+5.9%), Peru (+5.1%), Chile (+3.6%), Ecuador (+2.7%) and Paraguay (+1.8%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +5.9% from 2012-2022. By contrast, Argentina (-14.0%) and Venezuela (-15.1%) illustrated a downward trend over the same period. While the share of Peru (+6.1 p.p.), Brazil (+5.8 p.p.), Colombia (+4.9 p.p.), Chile (+4.2 p.p.) and Ecuador (+3.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (-8.2 p.p.) and Venezuela (-14.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported medicaments of penicillins, streptomycins or derivatives thereof in MERCOSUR, comprising 44% of total imports. The second position in the ranking was taken by Ecuador ($X), with a 14% share of total imports. It was followed by Colombia, with a 13% share.

In Brazil, penicillins or streptomycins medicaments imports increased at an average annual rate of +2.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ecuador (+4.6% per year) and Colombia (+0.1% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, reducing by -4.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 13%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform