Morocco: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Morocco

The Moroccan medicaments containing penicillin market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption showed a strong increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Medicaments Containing Penicillin Production in Morocco

In value terms, medicaments containing penicillin production rose significantly to $X in 2021 estimated in export price. Over the period under review, production enjoyed strong growth. The growth pace was the most rapid in 2018 when the production volume increased by 115%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Medicaments Containing Penicillin Exports

Exports from Morocco

For the third consecutive year, Morocco recorded decline in overseas shipments of medicaments containing penicillins or derivatives thereof, which decreased by -97.7% to X kg in 2021. Overall, exports faced a sharp downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 447%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, medicaments containing penicillin exports fell markedly to $X in 2021. In general, exports saw a deep contraction. The growth pace was the most rapid in 2016 with an increase of 750%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X kg), Mauritania (X kg) and Qatar (X kg) were the main destinations of medicaments containing penicillin exports from Morocco, together comprising 91% of total exports.

From 2012 to 2021, the biggest increases were recorded for Mauritania (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Mauritania ($X) and Libya ($X) were the largest markets for medicaments containing penicillin exported from Morocco worldwide, with a combined 99% share of total exports.

In terms of the main countries of destination, Mauritania, with a CAGR of +31.0%, recorded 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

The average medicaments containing penicillin export price stood at $X per ton in 2021, waning by -18% against the previous year. Over the period under review, the export price, however, posted a prominent expansion. The pace of growth was the most pronounced in 2016 an increase of 122%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Cameroon ($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 Mauritania (+31.6%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Penicillin Imports

Imports into Morocco

In 2021, overseas purchases of medicaments containing penicillins or derivatives thereof decreased by -9.4% to X tons, falling for the fourth year in a row after four years of growth. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 480% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, medicaments containing penicillin imports declined markedly to $X in 2021. Overall, imports, however, posted a significant expansion. The growth pace was the most rapid in 2016 when imports increased by 647% against the previous year. Imports peaked at $X in 2020, and then fell sharply in the following year.

Imports by Country

In 2021, the UK (X tons) was the main medicaments containing penicillin supplier to Morocco, accounting for a 92% share of total imports. Moreover, medicaments containing penicillin imports from the UK exceeded the figures recorded by the second-largest supplier, Sweden (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the UK amounted to +46.2%.

In value terms, the UK ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Morocco, comprising 89% of total imports. The second position in the ranking was taken by Sweden ($X), with a 3.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to +72.4%.

Import Prices by Country

In 2021, the average medicaments containing penicillin import price amounted to $X per ton, waning by -24% against the previous year. Overall, the import price, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 an increase of 44%. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then contracted markedly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Sweden stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+17.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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