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

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

The Paraguayan penicillins or streptomycins medicaments market totaled $X in 2022, picking up by 2.7% against the previous year. Over the period under review, consumption showed a prominent increase. Penicillins or streptomycins medicaments consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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

In value terms, penicillins or streptomycins medicaments production rose modestly to $X in 2022 estimated in export price. Overall, production recorded a strong increase. The growth pace was the most rapid in 2017 with an increase of 47%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Paraguay

In 2022, overseas shipments of medicaments of penicillins, streptomycins or derivatives thereof were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a noticeable contraction. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments exports surged to $X in 2022. Over the period under review, exports, however, showed a mild decline. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X tons) was the main destination for penicillins or streptomycins medicaments exports from Paraguay, with a 90% share of total exports. Moreover, penicillins or streptomycins medicaments exports to Bolivia exceeded the volume sent to the second major destination, the Dominican Republic (X tons), more than tenfold. The third position in this ranking was taken by Panama (X kg), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia amounted to +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+15.0% per year) and Panama (-5.3% per year).

In value terms, Bolivia ($X) remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Paraguay, comprising 79% of total exports. The second position in the ranking was held by Panama ($X), with a 10% share of total exports. It was followed by the Dominican Republic, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value to Bolivia totaled +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-2.0% per year) and the Dominican Republic (+23.5% per year).

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, dropping by -42.9% against the previous year. In general, the export price, however, posted mild growth. The growth pace was the most rapid in 2017 an increase of 120%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, 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 Panama ($X per ton), while the average price for exports to the Dominican Republic ($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 Peru (+20.9%), 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 Paraguay

In 2022, overseas purchases of medicaments of penicillins, streptomycins or derivatives thereof were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 46% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments imports reached $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 50%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Brazil (X tons), Chile (X tons) and Argentina (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Paraguay, with a combined 92% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +19.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest penicillins or streptomycins medicaments suppliers to Paraguay were Argentina ($X), Chile ($X) and Brazil ($X), with a combined 87% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +20.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average penicillins or streptomycins medicaments import price amounted to $X per ton, which is down by -14.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 22% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform