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

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

The North American penicillins or streptomycins medicaments market rose notably to $X in 2022, surging by 5.2% against the previous year. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +77.3% against 2015 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Northern America

In value terms, penicillins or streptomycins medicaments production amounted to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 -2.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 44% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports in Northern America

In 2022, shipments abroad of medicaments of penicillins, streptomycins or derivatives thereof was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, continue to indicate a perceptible decline. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments exports expanded sharply to $X in 2022. In general, exports, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2016 with an increase of 19%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Canada was the main exporting country with an export of about X tons, which amounted to 76% of total exports. It was distantly followed by the United States (X tons), achieving a 24% share of total exports.

Canada was also the fastest-growing in terms of the medicaments of penicillins, streptomycins or derivatives thereof exports, with a CAGR of -3.2% from 2012 to 2022. The United States (-4.9%) illustrated a downward trend over the same period. While the share of Canada (+3.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-3.3 p.p.) displayed negative dynamics.

In value terms, Canada ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2022.

Canada, with a CAGR of -1.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, with a decrease of -9.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by 26%. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.4%).

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports in Northern America

In 2022, after five years of decline, there was significant growth in overseas purchases of medicaments of penicillins, streptomycins or derivatives thereof, when their volume increased by 32% to X tons. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a slight slump. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The United States represented the main importer of medicaments of penicillins, streptomycins or derivatives thereof in Northern America, with the volume of imports finishing at X tons, which was near 90% of total imports in 2022. It was distantly followed by Canada (X tons), making up a 10% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of medicaments of penicillins, streptomycins or derivatives thereof. At the same time, Canada (+1.6%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +1.6% from 2012-2022. While the share of Canada (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (-1.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported medicaments of penicillins, streptomycins or derivatives thereof in Northern America, comprising 91% of total imports. The second position in the ranking was held by Canada ($X), with a 9% share of total imports.

In the United States, penicillins or streptomycins medicaments imports contracted by an average annual rate of -1.4% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, falling by -13.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 18%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.3%).

Source: IndexBox Platform

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