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

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

The Slovak penicillins or streptomycins medicaments market shrank sharply to $X in 2022, declining by -19.9% against the previous year. Over the period under review, consumption showed a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

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

In value terms, penicillins or streptomycins medicaments production declined to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 0.1%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Slovakia

In 2022, the amount of medicaments of penicillins, streptomycins or derivatives thereof exported from Slovakia expanded rapidly to X tons, with an increase of 12% on 2021 figures. In general, exports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 94% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments exports declined to $X in 2022. Over the period under review, exports recorded a tangible increase. The most prominent rate of growth was recorded in 2020 with an increase of 165% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for penicillins or streptomycins medicaments exports from Slovakia, accounting for a 80% share of total exports. Moreover, penicillins or streptomycins medicaments exports to the Czech Republic exceeded the volume sent to the second major destination, Switzerland (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic amounted to -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+5.6% per year) and Germany (-0.7% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Slovakia, comprising 73% of total exports. The second position in the ranking was taken by Germany ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+26.7% per year) and Switzerland (+6.5% per year).

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, with a decrease of -11.1% against the previous year. Overall, the export price, however, posted a notable expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 37% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Switzerland ($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 Germany (+27.6%), 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 Slovakia

In 2022, supplies from abroad of medicaments of penicillins, streptomycins or derivatives thereof decreased by -12.1% to X tons, falling for the fourth consecutive year after two years of growth. In general, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 25% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments imports dropped to $X in 2022. Over the period under review, imports saw a deep contraction. The pace of growth was the most pronounced in 2013 when imports increased by 2.4%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Austria (X tons), France (X tons) and Slovenia (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Slovakia, together accounting for 73% of total imports. Italy, Jordan, the UK, Hungary and the Czech Republic lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Jordan (with a CAGR of +20.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest penicillins or streptomycins medicaments suppliers to Slovakia were France ($X), Austria ($X) and Slovenia ($X), together comprising 70% of total imports.

France, with a CAGR of +14.6%, saw the highest growth rate of the value of imports, among the main suppliers 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, surging by 2.2% against the previous year. In general, the import price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2016 an increase of 20%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a 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 Hungary ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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