Sweden: Antibiotic Market 2024

Antibiotic Market Size in Sweden

The Swedish antibiotic market declined markedly to $X in 2021, waning by -30% 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). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Antibiotic Exports

Exports from Sweden

In 2021, overseas shipments of antibiotics decreased by -67.8% to X kg for the first time since 2017, thus ending a three-year rising trend. In general, exports showed a abrupt decline. The pace of growth was the most pronounced in 2014 when exports increased by 427% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, antibiotic exports contracted remarkably to $X in 2021. Overall, exports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 437% against the previous year. The exports peaked at $X in 2020, and then dropped remarkably in the following year.

Exports by Country

Poland (X kg) was the main destination for antibiotic exports from Sweden, with a 79% share of total exports. Moreover, antibiotic exports to Poland exceeded the volume sent to the second major destination, Norway (X kg), sixfold. The third position in this ranking was held by Finland (X kg), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland totaled +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-3.2% per year) and Finland (-12.4% per year).

In value terms, Poland ($X) emerged as the key foreign market for antibiotics exports from Sweden, comprising 86% of total exports. The second position in the ranking was held by Norway ($X), with an 8.2% share of total exports. It was followed by Finland, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland stood at +64.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+5.5% per year) and Finland (-0.4% per year).

Export Prices by Country

In 2021, the average antibiotic export price amounted to $X per ton, picking up by 99% against the previous year. Overall, the export price saw a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.

Antibiotic Imports

Imports into Sweden

In 2021, purchases abroad of antibiotics decreased by -31.4% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a perceptible slump. The growth pace was the most rapid in 2015 when imports increased by 61%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, antibiotic imports dropped remarkably to $X in 2021. In general, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +41.2% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 103%. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

Denmark (X tons), Italy (X tons) and Austria (X tons) were the main suppliers of antibiotic imports to Sweden, together comprising 69% of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +13.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) constituted the largest supplier of antibiotics to Sweden, comprising 66% of total imports. The second position in the ranking was held by Denmark ($X), with a 21% share of total imports. It was followed by Austria, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+14.6% per year) and Austria (-19.6% per year).

Import Prices by Country

The average antibiotic import price stood at $X per ton in 2021, approximately reflecting the previous year. In general, the import price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 an increase of 120%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+40.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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