Scandinavia: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Scandinavia

In 2021, after two years of decline, there was significant growth in the Scandinavia medicaments containing penicillin market, when its value increased by 16% to $X. In general, consumption saw a buoyant increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Medicaments Containing Penicillin Production in Scandinavia

In value terms, medicaments containing penicillin production skyrocketed to $X in 2021 estimated in export price. In general, production showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 165%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Medicaments Containing Penicillin Exports

Exports in Scandinavia

In 2021, shipments abroad of medicaments containing penicillins or derivatives thereof increased by 5,147% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a abrupt decrease. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, medicaments containing penicillin exports surged to $X in 2021. Over the period under review, exports, however, recorded a deep downturn. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark prevails in exports structure, amounting to X tons, which was approx. 97% of total exports in 2021. Norway (X kg) followed a long way behind the leaders.

Denmark was also the fastest-growing in terms of the medicaments containing penicillins or derivatives thereof exports, with a CAGR of +50.3% from 2012 to 2021. Norway (-17.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark increased by +96 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest medicaments containing penicillin supplier in Scandinavia, comprising 98% of total exports. The second position in the ranking was taken by Norway ($X), with a 0.2% share of total exports.

In Denmark, medicaments containing penicillin exports increased at an average annual rate of +57.1% over the period from 2012-2021.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, growing by 136% against the previous year. Overall, the export price continues to indicate a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+4.5%).

Medicaments Containing Penicillin Imports

Imports in Scandinavia

For the fifth consecutive year, Scandinavia recorded decline in purchases abroad of medicaments containing penicillins or derivatives thereof, which decreased by -56.5% to X kg in 2021. Over the period under review, imports faced a significant contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 16%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, medicaments containing penicillin imports reduced remarkably to $X in 2021. Overall, imports faced a dramatic slump. The smallest decline of -7.4% was in 2016. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Norway represented the largest importer of medicaments containing penicillins or derivatives thereof in Scandinavia, with the volume of imports amounting to X kg, which was approx. 79% of total imports in 2021. Finland (X kg) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Iceland (5.2%).

From 2012 to 2021, average annual rates of growth with regard to medicaments containing penicillin imports into Norway stood at -15.6%. At the same time, Iceland (+14.7%) displayed positive paces of growth. Moreover, Iceland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +14.7% from 2012-2021. By contrast, Finland (-32.1%) illustrated a downward trend over the same period. Norway (+72 p.p.), Finland (+6.5 p.p.) and Iceland (+5.1 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported medicaments containing penicillins or derivatives thereof in Scandinavia, comprising 65% of total imports. The second position in the ranking was taken by Iceland ($X), with a 30% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Norway totaled -24.5%. The remaining importing countries recorded the following average annual rates of imports growth: Iceland (+46.0% per year) and Finland (-39.0% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, surging by 14% against the previous year. Import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medicaments containing penicillin import price increased by +88.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 65%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iceland ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iceland (+27.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform