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

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

The Peruvian penicillins or streptomycins medicaments market rose significantly to $X in 2022, with an increase of 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.8% against 2020 indices. Penicillins or streptomycins medicaments consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Peru

In 2022, shipments abroad of medicaments of penicillins, streptomycins or derivatives thereof increased by 39% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 184% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments exports totaled $X in 2022. Over the period under review, exports, however, faced a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 143%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for penicillins or streptomycins medicaments exports from Peru, accounting for a 61% share of total exports. Moreover, penicillins or streptomycins medicaments exports to Ecuador exceeded the volume sent to the second major destination, Brazil (X tons), fivefold. The third position in this ranking was held by Bolivia (X tons), with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador totaled +49.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-20.3% per year) and Bolivia (+59.2% per year).

In value terms, Brazil ($X), Ecuador ($X) and Costa Rica ($X) were the largest markets for penicillins or streptomycins medicaments exported from Peru worldwide, together comprising 60% of total exports. Bolivia, Chile, Paraguay and Panama lagged somewhat behind, together comprising a further 31%.

Bolivia, with a CAGR of +63.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, waning by -26.9% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 39%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Ecuador ($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 Costa Rica (+5.5%), 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 Peru

In 2022, approx. X tons of medicaments of penicillins, streptomycins or derivatives thereof were imported into Peru; rising by 20% against the previous year. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 +38.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments imports amounted to $X in 2022. The total import value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 45%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of penicillins or streptomycins medicaments to Peru, accounting for a 50% share of total imports. Moreover, penicillins or streptomycins medicaments imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), twofold. The third position in this ranking was held by India (X tons), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+9.5% per year) and India (+10.8% per year).

In value terms, China ($X) constituted the largest supplier of medicaments of penicillins, streptomycins or derivatives thereof to Peru, comprising 36% of total imports. The second position in the ranking was held by Colombia ($X), with a 17% share of total imports. It was followed by Mexico, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+10.1% per year) and Mexico (+8.5% per year).

Import Prices by Country

The average penicillins or streptomycins medicaments import price stood at $X per ton in 2022, falling by -7.8% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 33%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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