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

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

The Spanish penicillins or streptomycins medicaments market expanded rapidly to $X in 2022, rising by 9.2% against the previous year. In general, consumption continues to indicate prominent growth. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

In value terms, penicillins or streptomycins medicaments production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% 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 2018 with an increase of 36% against the previous year. Penicillins or streptomycins medicaments production peaked at $X in 2021, and then reduced in the following year.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Spain

For the fourth year in a row, Spain recorded decline in shipments abroad of medicaments of penicillins, streptomycins or derivatives thereof, which decreased by -41.3% to X tons in 2022. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 2.6% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments exports fell significantly to $X in 2022. In general, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 13% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons), Belgium (X tons) and Portugal (X tons) were the main destinations of penicillins or streptomycins medicaments exports from Spain, together accounting for 44% of total exports. France, Russia, Jordan, Thailand, Saudi Arabia, Germany, South Africa, Yemen, New Zealand and Chile lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Yemen (with a CAGR of +20.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X), France ($X) and Portugal ($X) were the largest markets for penicillins or streptomycins medicaments exported from Spain worldwide, together comprising 25% of total exports. Russia, Italy, Saudi Arabia, Thailand, Belgium, Chile, South Africa, Germany, Yemen and New Zealand lagged somewhat behind, together accounting for a further 35%.

Yemen, with a CAGR of +17.9%, recorded 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, picking up by 14% against the previous year. Overall, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 46% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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 Jordan ($X per ton), while the average price for exports to Belgium ($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 France (+18.5%), 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 Spain

In 2022, the amount of medicaments of penicillins, streptomycins or derivatives thereof imported into Spain reduced to X tons, waning by -4.6% against 2021 figures. Overall, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -22.3% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 67%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments imports expanded rapidly to $X in 2022. In general, imports continue to indicate a slight decrease. The pace of growth was the most pronounced in 2017 when imports increased by 32%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Italy (X tons) and France (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Spain, with a combined 90% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +33.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) were the largest penicillins or streptomycins medicaments suppliers to Spain, with a combined 71% share of total imports. Portugal, Belgium, Austria and the UK lagged somewhat behind, together accounting for a further 7%.

Among the main suppliers, Portugal, with a CAGR of +24.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average penicillins or streptomycins medicaments import price stood at $X per ton in 2022, picking up by 17% against the previous year. Over the period under review, the import price, however, saw a perceptible curtailment. The growth pace was the most rapid in 2021 an increase of 31%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Portugal ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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