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

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

The Moroccan penicillins or streptomycins medicaments market fell to $X in 2022, shrinking by -5.2% against the previous year. Overall, consumption recorded a slight curtailment. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

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

In value terms, penicillins or streptomycins medicaments production expanded significantly to $X in 2022 estimated in export price. In general, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 -13.0% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 53% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Morocco

For the seventh consecutive year, Morocco recorded growth in overseas shipments of medicaments of penicillins, streptomycins or derivatives thereof, which increased by 46% to X tons in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 646% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, penicillins or streptomycins medicaments exports soared to $X in 2022. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 599%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X tons) was the main destination for penicillins or streptomycins medicaments exports from Morocco, with a 64% share of total exports. Moreover, penicillins or streptomycins medicaments exports to France exceeded the volume sent to the second major destination, Senegal (X tons), fourfold. The third position in this ranking was held by Mauritania (X tons), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +35.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+97.9% per year) and Mauritania (+176.5% per year).

In value terms, France ($X) remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Morocco, comprising 64% of total exports. The second position in the ranking was taken by Senegal ($X), with a 14% share of total exports. It was followed by Mauritania, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +40.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+96.6% per year) and Mauritania (+171.9% per year).

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, shrinking by -8.8% against the previous year. Over the period under review, the export price, however, posted temperate growth. The growth pace was the most rapid in 2021 an increase of 46%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mauritania ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Djibouti (+29.8%), 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 Morocco

In 2022, overseas purchases of medicaments of penicillins, streptomycins or derivatives thereof increased by 18% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.3% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 37%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments imports stood at $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 46% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

India (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Morocco, with a combined 53% share of total imports. France, China, Pakistan, Turkey, the UK and Italy lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +36.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Belgium ($X) and Turkey ($X) appeared to be the largest penicillins or streptomycins medicaments suppliers to Morocco, together comprising 47% of total imports.

Turkey, with a CAGR of +48.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average penicillins or streptomycins medicaments import price amounted to $X per ton, declining by -9.2% against the previous year. Overall, the import price recorded a perceptible decline. The pace of growth was the most pronounced in 2019 an increase of 14% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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