Turkey: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Turkey

The Turkish medicaments containing penicillin market surged to $X in 2021, rising by 63% 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). Overall, consumption posted prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Medicaments Containing Penicillin Exports

Exports from Turkey

In 2021, medicaments containing penicillin exports from Turkey declined significantly to X kg, dropping by -21.3% compared with 2020. In general, exports faced a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by 61,173% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, medicaments containing penicillin exports shrank markedly to $X in 2021. Over the period under review, exports saw a significant decrease. The growth pace was the most rapid in 2014 with an increase of 18,592%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Sudan (X kg), France (X kg) and Malaysia (X kg) were the main destinations of medicaments containing penicillin exports from Turkey, with a combined 94% share of total exports. India and the UK lagged somewhat behind, together accounting for a further 3.2%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +3.0%), while shipments for the other leaders experienced a decline.

In value terms, Sudan ($X) remains the key foreign market for medicaments containing penicillins or derivatives thereof exports from Turkey, comprising 67% of total exports. The second position in the ranking was taken by France ($X), with a 29% share of total exports. It was followed by India, with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sudan totaled -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-30.6% per year) and India (-22.6% per year).

Export Prices by Country

In 2021, the average medicaments containing penicillin export price amounted to $X per ton, increasing by 6.9% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the average export price increased by 236% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Malaysia ($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 Sudan (-7.2%), while the prices for the other major destinations experienced a decline.

Medicaments Containing Penicillin Imports

Imports into Turkey

In 2021, the amount of medicaments containing penicillins or derivatives thereof imported into Turkey soared to X tons, jumping by 74% against the previous year's figure. In general, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, medicaments containing penicillin imports skyrocketed to $X in 2021. Over the period under review, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of medicaments containing penicillin to Turkey, accounting for a 70% share of total imports. Moreover, medicaments containing penicillin imports from the UK exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by India (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from the UK amounted to +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.0% per year) and India (+22.3% per year).

In value terms, the UK ($X), China ($X) and India ($X) appeared to be the largest medicaments containing penicillin suppliers to Turkey, with a combined 99% share of total imports. Sweden lagged somewhat behind, accounting for a further 0.3%.

Sweden, with a CAGR of +41.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medicaments containing penicillin import price stood at $X per ton in 2021, dropping by -10.5% against the previous year. In general, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 6.4%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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