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

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

The Scandinavia penicillins or streptomycins medicaments market dropped modestly to $X in 2022, remaining stable against the previous year. Over the period under review, consumption, however, showed a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

In value terms, penicillins or streptomycins medicaments production declined slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 69%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports in Scandinavia

In 2022, shipments abroad of medicaments of penicillins, streptomycins or derivatives thereof decreased by -16.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 41%. The volume of export peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, penicillins or streptomycins medicaments exports shrank notably to $X in 2022. Over the period under review, exports, however, enjoyed perceptible growth. The pace of growth appeared the most rapid in 2020 when exports increased by 32%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Sweden was the major exporter of medicaments of penicillins, streptomycins or derivatives thereof in Scandinavia, with the volume of exports resulting at X tons, which was approx. 85% of total exports in 2022. It was distantly followed by Finland (X tons), achieving a 13% share of total exports.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of medicaments of penicillins, streptomycins or derivatives thereof. At the same time, Finland (+33.0%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +33.0% from 2012-2022. While the share of Finland (+13 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (-3.4 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest penicillins or streptomycins medicaments supplier in Scandinavia, comprising 79% of total exports. The second position in the ranking was taken by Finland ($X), with a 20% share of total exports.

In Sweden, penicillins or streptomycins medicaments exports expanded at an average annual rate of +2.6% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, reducing by -15.8% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, penicillins or streptomycins medicaments export price decreased by -24.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 31%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.3%).

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports in Scandinavia

In 2022, approx. X tons of medicaments of penicillins, streptomycins or derivatives thereof were imported in Scandinavia; increasing by 11% compared with the previous year. Total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% 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 +59.1% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of 50%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, penicillins or streptomycins medicaments imports stood at $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 37% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Sweden represented the major importer of medicaments of penicillins, streptomycins or derivatives thereof in Scandinavia, with the volume of imports accounting for X tons, which was approx. 47% of total imports in 2022. Norway (X tons) held a 27% share (based on physical terms) of total imports, which put it in second place, followed by Finland (26%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sweden (with a CAGR of +11.1%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Norway ($X), Finland ($X) and Sweden ($X) were the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Norway, with a CAGR of +1.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, reducing by -9% against the previous year. Over the period under review, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2018 an increase of 18% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform