Northern America: Antibiotic Market 2024

Antibiotic Market Size in Northern America

The North American antibiotic market shrank remarkably to $X in 2021, waning by -16.7% against the previous year. In general, consumption continues to indicate a slight reduction. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Antibiotic Production in Northern America

In value terms, antibiotic production reduced notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 136%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Antibiotic Exports

Exports in Northern America

Antibiotic exports fell sharply to X tons in 2021, dropping by -19.1% on the previous year. Overall, exports saw a pronounced setback. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, antibiotic exports dropped modestly to $X in 2021. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by 22%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States dominates exports structure, finishing at X tons, which was near 96% of total exports in 2021. Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the antibiotics exports, with a CAGR of -2.2% from 2012 to 2021. Canada (-8.3%) illustrated a downward trend over the same period. The United States (+3 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -3% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest antibiotic supplier in Northern America, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 1.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled -6.8%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, increasing by 21% against the previous year. In general, the export price, however, continues to indicate a noticeable curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.6%).

Antibiotic Imports

Imports in Northern America

In 2021, purchases abroad of antibiotics decreased by -11.3% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 129%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, antibiotic imports amounted to $X in 2021. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 14% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States was the main importing country with an import of around X tons, which accounted for 67% of total imports. It was distantly followed by Canada (X tons), creating a 33% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to antibiotic imports into the United States stood at -11.9%. Canada experienced a relatively flat trend pattern. Canada (+19 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -19.4% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported antibiotics in Northern America, comprising 85% of total imports. The second position in the ranking was held by Canada ($X), with a 15% share of total imports.

In the United States, antibiotic imports shrank by an average annual rate of -6.5% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, surging by 13% against the previous year. Import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, antibiotic import price increased by +45.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 73% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.1%).

Source: IndexBox Platform

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