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

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

The Mexican penicillins or streptomycins medicaments market fell modestly to $X in 2022, approximately equating the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.2% against 2020 indices. Penicillins or streptomycins medicaments consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

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

In value terms, penicillins or streptomycins medicaments production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -11.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 37% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Mexico

In 2022, approx. X tons of medicaments of penicillins, streptomycins or derivatives thereof were exported from Mexico; with an increase of 10% against 2021 figures. In general, exports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 49%. The exports peaked 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 surged to $X in 2022. Over the period under review, exports, however, faced a abrupt slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X tons), El Salvador (X tons) and Guatemala (X tons) were the main destinations of penicillins or streptomycins medicaments exports from Mexico, together accounting for 87% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by El Salvador (with a CAGR of +12.2%), while the other leaders experienced a decline.

In value terms, Guatemala ($X), El Salvador ($X) and Panama ($X) constituted the largest markets for penicillins or streptomycins medicaments exported from Mexico worldwide, together accounting for 80% of total exports.

In terms of the main countries of destination, El Salvador, with a CAGR of +20.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average penicillins or streptomycins medicaments export price amounted to $X per ton, growing by 41% against the previous year. Over the period under review, the export price, however, showed a pronounced descent. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, 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 Colombia ($X per ton), while the average price for exports to Panama ($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 the Dominican Republic (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Mexico

After two years of decline, overseas purchases of medicaments of penicillins, streptomycins or derivatives thereof decreased by -12.6% to X tons in 2022. Over the period under review, imports showed a significant curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 28% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments imports reduced to $X in 2022. Overall, imports saw a sharp descent. The most prominent rate of growth was recorded in 2013 when imports increased by 31% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X tons), Argentina (X tons) and Spain (X kg) were the main suppliers of penicillins or streptomycins medicaments imports to Mexico.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of -21.8%), while imports for the other leaders experienced a decline.

In value terms, France ($X) constituted the largest supplier of medicaments of penicillins, streptomycins or derivatives thereof to Mexico, comprising 74% of total imports. The second position in the ranking was held by Argentina ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at -21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-26.7% per year) and Spain (-24.4% per year).

Import Prices by Country

In 2022, the average penicillins or streptomycins medicaments import price amounted to $X per ton, surging by 3.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 8.4%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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