Pakistan: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Pakistan

The Pakistani medicaments containing penicillin market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption continues to indicate prominent growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Medicaments Containing Penicillin Production in Pakistan

In value terms, medicaments containing penicillin production expanded remarkably to $X in 2021 estimated in export price. In general, production showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 126%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Medicaments Containing Penicillin Exports

Exports from Pakistan

In 2021, shipments abroad of medicaments containing penicillins or derivatives thereof decreased by -28.9% to X tons, falling for the fourth consecutive year after six years of growth. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2013 when exports increased by 73%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, medicaments containing penicillin exports plummeted to $X in 2021. In general, exports faced a abrupt decline. The growth pace was the most rapid in 2015 with an increase of 114%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for medicaments containing penicillin exports from Pakistan, accounting for a 71% share of total exports. Moreover, medicaments containing penicillin exports to Afghanistan exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold. Sudan (X tons) ranked third in terms of total exports with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to Afghanistan amounted to -8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-16.1% per year) and Sudan (-10.4% per year).

In value terms, Afghanistan ($X) remains the key foreign market for medicaments containing penicillins or derivatives thereof exports from Pakistan, comprising 81% of total exports. The second position in the ranking was held by Vietnam ($X), with a 2.8% share of total exports. It was followed by Sierra Leone, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value to Afghanistan stood at -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-23.9% per year) and Sierra Leone (-19.3% per year).

Export Prices by Country

In 2021, the average medicaments containing penicillin export price amounted to $X per ton, with a decrease of -29.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 62% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while the average price for exports to Germany ($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 Sierra Leone (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Medicaments Containing Penicillin Imports

Imports into Pakistan

In 2021, the amount of medicaments containing penicillins or derivatives thereof imported into Pakistan skyrocketed to X tons, increasing by 1,277% compared with the year before. Overall, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 2,375%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, medicaments containing penicillin imports soared to $X in 2021. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 4,240% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest medicaments containing penicillin supplier to Pakistan, with a 53% share of total imports. Moreover, medicaments containing penicillin imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+40.9% per year) and Taiwan (Chinese) (+38.4% per year).

In value terms, China ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Pakistan, comprising 62% of total imports. The second position in the ranking was held by Italy ($X), with a 26% share of total imports. It was followed by Taiwan (Chinese), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+57.4% per year) and Taiwan (Chinese) (+43.3% per year).

Import Prices by Country

The average medicaments containing penicillin import price stood at $X per ton in 2021, rising by 3.4% against the previous year. Over the period under review, the import price saw a prominent increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 75%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :