Mexico: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Mexico

The Mexican medicaments containing penicillin market surged to $X in 2021, increasing by 18% against the previous year. In general, consumption showed a prominent increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Medicaments Containing Penicillin Production in Mexico

In value terms, medicaments containing penicillin production surged to $X in 2021 estimated in export price. Over the period under review, production saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 102%. Medicaments containing penicillin production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Medicaments Containing Penicillin Exports

Exports from Mexico

After three years of decline, overseas shipments of medicaments containing penicillins or derivatives thereof increased by 57% to X tons in 2021. In general, exports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 217%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, medicaments containing penicillin exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 264% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Colombia (X tons), Brazil (X kg) and the Philippines (X kg) were the main destinations of medicaments containing penicillin exports from Mexico, together comprising 88% of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +9.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X) remains the key foreign market for medicaments containing penicillins or derivatives thereof exports from Mexico, comprising 74% of total exports. The second position in the ranking was taken by the Philippines ($X), with an 18% share of total exports. It was followed by Colombia, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+8.4% per year) and Colombia (-17.0% per year).

Export Prices by Country

In 2021, the average medicaments containing penicillin export price amounted to $X per ton, increasing by 11% against the previous year. Overall, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 59% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Guatemala ($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 Morocco (+50.2%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Penicillin Imports

Imports into Mexico

After three years of decline, overseas purchases of medicaments containing penicillins or derivatives thereof increased by 503% to X tons in 2021. Overall, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2017 when imports increased by 995%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, medicaments containing penicillin imports soared to $X in 2021. Over the period under review, imports, however, showed a deep contraction. The pace of growth was the most pronounced in 2017 when imports increased by 910%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X kg), India (X kg) and Sweden (X kg) were the main suppliers of medicaments containing penicillin imports to Mexico, together comprising 79% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +89.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Mexico, comprising 82% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.4% share of total imports. It was followed by Sweden, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.8% per year) and Sweden (-2.4% per year).

Import Prices by Country

The average medicaments containing penicillin import price stood at $X per ton in 2021, with an increase of 9.3% against the previous year. In general, the import price posted a prominent increase. The growth pace was the most rapid in 2014 an increase of 56% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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